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HQY logo HQY
Upturn stock ratingUpturn stock rating
HQY logo

HealthEquity Inc (HQY)

Upturn stock ratingUpturn stock rating
$104.88
Last Close (24-hour delay)
Profit since last BUY4.35%
upturn advisory
SELL
SELL since 5 days
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  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
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Upturn Stock infoUpturn Stock info Stock price based on last close
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Upturn Advisory Summary

06/27/2025: HQY (3-star) is a SELL. SELL since 5 days. Profits (4.35%). Updated daily EoD!

Upturn Star Rating

ratingratingratingratingrating

Moderate Performance

These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.

Number of Analysts

rating

14 Analysts rated it

These Stocks/ETFs, based on Upturn Advisory, have historically outperformed the market, making them a top-tier choice for investors.

Year Target Price $121.71

Year Target Price $121.71

Analyst’s Price TargetsFor last 52 week
$121.71Target price
Low$65.01
Current$104.88
high$116.65

Analysis of Past Performance

Type Stock
Historic Profit 14.01%
Avg. Invested days 44
Today’s Advisory SELL
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 2.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/27/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 9.07B USD
Price to earnings Ratio 76.55
1Y Target Price 121.71
Price to earnings Ratio 76.55
1Y Target Price 121.71
Volume (30-day avg) -
Beta 0.49
52 Weeks Range 65.01 - 116.65
Updated Date 06/29/2025
52 Weeks Range 65.01 - 116.65
Updated Date 06/29/2025
Dividends yield (FY) -
Basic EPS (TTM) 1.37

Earnings Date

Report Date 2025-06-02
When After Market
Estimate 0.66
Actual 0.97

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 76.55
Forward PE 30.12
Enterprise Value 9889263566
Price to Sales(TTM) 7.3
Enterprise Value 9889263566
Price to Sales(TTM) 7.3
Enterprise Value to Revenue 7.96
Enterprise Value to EBITDA 26.05
Shares Outstanding 86475400
Shares Floating 84946467
Shares Outstanding 86475400
Shares Floating 84946467
Percent Insiders 2.24
Percent Institutions 109.58

Analyst Ratings

Rating 4.57
Target Price 121.71
Buy 4
Strong Buy 9
Buy 4
Strong Buy 9
Hold 1
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

HealthEquity Inc

stock logo

Company Overview

overview logo History and Background

HealthEquity Inc. was founded in 2002 and went public in 2014. It pioneered the Health Savings Account (HSA) market, focusing on providing technology-enabled services that empower consumers to make healthcare saving and spending decisions.

business area logo Core Business Areas

  • Health Savings Accounts (HSAs): This segment provides custodial services for HSA assets, including account administration, transaction processing, and investment options.
  • Complementary Solutions: This segment includes services such as COBRA administration, reimbursement arrangements, and other benefits administration solutions.

leadership logo Leadership and Structure

The CEO is Jon Kessler. The organizational structure includes departments for technology, finance, sales, marketing, and operations.

Top Products and Market Share

overview logo Key Offerings

  • Health Savings Accounts (HSAs): HealthEquity is a leading provider of HSAs. They make revenue from subscription, interchange, and custodial revenue. Competitors include Optum Bank, Lively, and Fidelity. Market share data is difficult to pinpoint precisely, but HealthEquity is estimated to be in the top tier.
  • COBRA Administration: Provides administration of COBRA benefits for employers. No precise market share data available. Competitors include Benefit Resource, and WageWorks (now Alight).

Market Dynamics

industry overview logo Industry Overview

The industry is driven by increasing healthcare costs, the growing popularity of high-deductible health plans (HDHPs), and the regulatory environment that supports HSAs. Consolidation is also occurring.

Positioning

HealthEquity is positioned as a leading technology-enabled HSA custodian and benefits administrator, focusing on customer experience and innovation. They have a strong network of employer partners.

Total Addressable Market (TAM)

The estimated TAM for HSAs is significant, potentially reaching hundreds of billions of dollars as more individuals and employers adopt HDHPs. HealthEquity is well-positioned to capture a substantial portion of this market.

Upturn SWOT Analysis

Strengths

  • Large HSA customer base
  • Strong technology platform
  • Established brand reputation
  • Extensive partner network
  • Focus on customer service

Weaknesses

  • Reliance on regulatory environment
  • Exposure to interest rate fluctuations
  • Integration risks with acquisitions
  • Complexity of healthcare regulations
  • Customer concentration

Opportunities

  • Increased adoption of HDHPs
  • Expansion into new markets and product offerings
  • Strategic acquisitions
  • Technological innovation
  • Growth in employer HSA contribution

Threats

  • Changes in healthcare regulations
  • Increased competition
  • Economic downturn
  • Cybersecurity risks
  • Data privacy concerns

Competitors and Market Share

competitor logo Key Competitors

  • WEX (WEX)
  • Optum Bank (UNH)
  • Lively (Private)
  • Fidelity (Private)

Competitive Landscape

HealthEquity has a strong technological foundation and an innovative product portfolio to distinguish itself from the competition. However, due to the presence of larger, more well-known rivals, HealthEquity must keep innovating to maintain its competitive edge.

Major Acquisitions

Further

  • Year: 2021
  • Acquisition Price (USD millions): 500
  • Strategic Rationale: Expanded HealthEquity's capabilities in consumer-directed benefits administration and broadened its client base.

Growth Trajectory and Initiatives

Historical Growth: HealthEquity has demonstrated substantial historical growth driven by organic growth and strategic acquisitions.

Future Projections: Future growth projections vary based on analyst estimates. Consult analyst reports for detailed projections.

Recent Initiatives: Recent initiatives include technology platform enhancements, partnerships with healthcare providers, and expansion of service offerings.

Summary

HealthEquity is a major player in the HSA market, benefiting from a strong technological platform and strategic acquisitions. The company's growth potential is fueled by the increasing adoption of HDHPs. Regulatory changes and increasing competition, however, pose possible risks. Overall, the company's emphasis on customer service and innovation bodes well for its future.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • HealthEquity Investor Relations
  • SEC Filings
  • Analyst Reports
  • Industry Publications

Disclaimers:

The information provided is for informational purposes only and should not be considered financial advice. Market share data are estimates and may vary. Please consult with a financial advisor before making any investment decisions.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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
Full time employees 3105

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.