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Upturn AI SWOT - About
HQY 
HealthEquity Inc (HQY)
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Upturn Advisory Summary
08/28/2025: HQY (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
14 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $121.5
1 Year Target Price $121.5
| 9 | Strong Buy |
| 4 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 14.01% | Avg. Invested days 44 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 08/28/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 7.63B USD | Price to earnings Ratio 64.45 | 1Y Target Price 121.5 |
Price to earnings Ratio 64.45 | 1Y Target Price 121.5 | ||
Volume (30-day avg) 14 | Beta 0.54 | 52 Weeks Range 73.84 - 116.65 | Updated Date 08/29/2025 |
52 Weeks Range 73.84 - 116.65 | Updated Date 08/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 1.37 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-09-02 | When - | Estimate 0.9192 | Actual - |
Profitability
Profit Margin 9.8% | Operating Margin (TTM) 25.5% |
Management Effectiveness
Return on Assets (TTM) 4.57% | Return on Equity (TTM) 5.77% |
Valuation
Trailing PE 64.45 | Forward PE 25.38 | Enterprise Value 8453772739 | Price to Sales(TTM) 6.14 |
Enterprise Value 8453772739 | Price to Sales(TTM) 6.14 | ||
Enterprise Value to Revenue 6.8 | Enterprise Value to EBITDA 22.26 | Shares Outstanding 86475400 | Shares Floating 84861721 |
Shares Outstanding 86475400 | Shares Floating 84861721 | ||
Percent Insiders 2.19 | Percent Institutions 108.07 |
Upturn AI SWOT
HealthEquity Inc
Company Overview
History and Background
HealthEquity was founded in 2002 by Stephen Neeleman with a focus on providing health savings accounts (HSAs). It has grown through organic expansion and acquisitions to become a leading HSA custodian and administrator.
Core Business Areas
- HSA Custodial: Providing custodial services for HSA assets, including managing contributions, distributions, and investments.
- HSA Administration: Administering HSA accounts for employers and individuals, including processing claims, providing customer support, and ensuring regulatory compliance.
- Benefits Platform: Offers a platform for managing various employee benefits, including HSAs, flexible spending accounts (FSAs), and health reimbursement arrangements (HRAs).
Leadership and Structure
The CEO is Jon Kessler. The company is structured with functional departments overseeing technology, operations, finance, sales, and marketing.
Top Products and Market Share
Key Offerings
- Health Savings Accounts (HSAs): HealthEquity's primary product is HSAs. They provide custodial and administrative services. HealthEquity is one of the largest HSA custodians, with a significant share of the market. Competitors include Optum Bank, Lively, and Fidelity.
- Benefits Platform and Other Solutions: HealthEquity's benefits platform integrates HSAs with other benefits, such as FSAs and HRAs, offering a unified solution for employers and individuals. While specific market share data is unavailable, the platform enhances HSA adoption. Competitors include WageWorks (acquired by HealthEquity), Benefit Resource, and Further.
Market Dynamics
Industry Overview
The HSA market is growing, driven by rising healthcare costs and increasing adoption of high-deductible health plans (HDHPs). Regulatory changes and technological advancements are also shaping the industry.
Positioning
HealthEquity is a leading HSA custodian and administrator with a strong focus on customer service and technology. Their scale and integrated platform provide a competitive advantage.
Total Addressable Market (TAM)
The TAM for HSAs is estimated to be in the tens of billions of dollars and growing. HealthEquity is well positioned to capture a significant portion of this market through continued growth and innovation.
Upturn SWOT Analysis
Strengths
- Large and established player in the HSA market
- Integrated benefits platform
- Strong customer service reputation
- Scalable technology infrastructure
Weaknesses
- Dependence on HSA market growth
- Regulatory risks
- Interest rate risks (interest rate spread between asset yield and interest expenses)
- Integration risks related to past acquisitions
Opportunities
- Expanding HSA adoption rates
- Increasing awareness of HSAs
- Partnerships with employers and health plans
- Expanding product offerings to include related benefits
Threats
- Increased competition in the HSA market
- Changes in healthcare regulations
- Economic downturn impacting HSA contributions
- Cybersecurity risks
Competitors and Market Share
Key Competitors
- WEX (WEX)
- Optum Bank
- Fidelity
Competitive Landscape
HealthEquity competes primarily on its technology platform, customer service, and scale. Its competitors include other HSA custodians, benefits administrators, and financial institutions.
Major Acquisitions
WageWorks
- Year: 2019
- Acquisition Price (USD millions): 2035
- Strategic Rationale: Expanded HealthEquity's benefits platform and customer base.
Growth Trajectory and Initiatives
Historical Growth: HealthEquity has experienced significant growth through organic expansion and acquisitions.
Future Projections: Analyst estimates vary, but generally project continued growth in revenue and earnings. Refer to financial news sources for specific data.
Recent Initiatives: Recent initiatives include partnerships with health plans and employers, expansion of the benefits platform, and technology enhancements.
Summary
HealthEquity is a leading HSA provider with a solid market position, benefiting from the increasing popularity of HSAs. Its integrated platform and strong customer service are key strengths. However, it faces competition and regulatory risks, necessitating continuous innovation and strategic partnerships to sustain growth.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (SEC)
- Financial News Outlets
- Industry Reports
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market conditions and company performance are subject to change. Consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About HealthEquity Inc
Exchange NASDAQ | Headquaters Draper, UT, United States | ||
IPO Launch date 2014-07-31 | CEO, President & Director Mr. Scott R. Cutler J.D. | ||
Sector Healthcare | Industry Health Information Services | Full time employees 3105 | Website https://www.healthequity.com |
Full time employees 3105 | Website https://www.healthequity.com | ||
HealthEquity, Inc. provides technology-enabled services platforms to consumers and employers in the United States. It provides health savings accounts; investment platform; and online-only automated investment advisory services through Advisor, a Web-based tool. The company also offers flexible spending accounts for health and dependent care; health reimbursement arrangements; and Consolidated Omnibus Budget Reconciliation Act continuation services, as well as administers pre-tax commuter benefit programs. It serves clients through a direct sales force; and a network of health plans, benefits administrators, benefits brokers and consultants, and retirement plan record-keepers. HealthEquity, Inc. was incorporated in 2002 and is based in Draper, Utah.
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