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HealthEquity, Inc. (HQY)

Healthcare | Health Information Services | Draper, United States | NasdaqGS
96.37 USD +2.98 (3.191%) ⇧ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 96.98 +0.61 (0.631%) ⇧ (Aug. 28, 2026, 7:30 p.m. EDT)

Short-term:★★★★☆Long-term:★★★★☆Dividends:☆☆☆☆☆
Hot Take | Aug. 22, 2026, 2:45 a.m. EDT

HealthEquity presents a compelling long-term case driven by robust business fundamentals and a strong price trajectory. The company boasts impressive profit margins exceeding 17% and a fortress-like balance sheet with a current ratio of 3.4, supporting its ability to generate substantial free cash flow. Over the past nine years, the stock has delivered a cumulative gain of over 214%, with the most recent annual performance showing continued upward momentum. While the trailing price-to-earnings ratio appears stretched at 39, the forward estimate compresses significantly to roughly 19, reflecting expectations for earnings acceleration. Analyst consensus is strongly positive, with a mean target price suggesting double-digit upside from current levels. However, the absence of a dividend history means investors must rely entirely on capital appreciation. Short-term caution is warranted due to recent insider stock sales, though these appear to be pre-planned transactions. The options market reflects a cautious bullishness, with traders hedging downside while positioning for upside moves. Overall, this is a solid buy for growth-oriented portfolios, though it lacks the hyper-growth metrics typically reserved for top-tier compounders.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.093397
AutoETS0.093737
AutoTheta0.094507
MSTL0.097889

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 42%
H-stat 46.76
Ljung-Box p 0.000
Jarque-Bera p 0.306
Excess Kurtosis -1.12
Attribute Value
Sector Healthcare
Debt to Equity Ratio 48.094
Revenue per Share 15.627
Market Cap 7,971,273,216
Trailing P/E 34.79
Forward P/E 17.61
Beta 0.23
Profit Margins 17.25%
Website https://www.healthequity.com

As of Aug. 22, 2026, 2:45 a.m. EDT: Implied volatility remains elevated across expirations, ranging from 0.50 to 0.65, indicating heightened uncertainty. Call option open interest significantly outweighs put open interest in the December 2026 expiration, with notable positioning at the 120 strike, suggesting speculative bullishness for year-end. Put activity is concentrated at lower strikes (80), acting as a hedge against downside rather than a primary bet on decline.


Info Dump

Attribute Value
52 Week Change 0.051097393
Address1 15 West Scenic Pointe Drive
Address2 Suite 100
All Time High 116.65
All Time Low 15.8
Ask 97.07
Ask Size 1
Audit Risk 6
Average Analyst Rating 1.3 - Strong Buy
Average Daily Volume10 Day 920,220
Average Daily Volume3 Month 871,883
Average Volume 871,883
Average Volume10Days 920,220
Beta 0.233
Bid 70.26
Bid Size 2
Board Risk 1
Book Value 24.395
City Draper
Compensation As Of Epoch Date 1,798,675,200
Compensation Risk 1
Country United States
Crypto Tradeable 0
Currency USD
Current Price 96.37
Current Ratio 3.437
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 97.99
Day Low 92.77
Debt To Equity 48.094
Display Name HealthEquity
Earnings Call Timestamp End 1,787,833,800
Earnings Call Timestamp Start 1,787,833,800
Earnings Growth 0.344
Earnings Quarterly Growth 0.288
Earnings Timestamp 1,787,833,800
Earnings Timestamp End 1,787,833,800
Earnings Timestamp Start 1,787,833,800
Ebitda 501,323,008
Ebitda Margins 0.3749
Enterprise To Ebitda 18.848
Enterprise To Revenue 7.066
Enterprise Value 9,449,050,112
Eps Current Year 4.71907
Eps Forward 5.47266
Eps Trailing Twelve Months 2.77
Esg Populated 0
Exchange NMS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 97.7538
Fifty Day Average Change -1.3837967
Fifty Day Average Change Percent -0.014155937
Fifty Two Week Change Percent 5.1097393
Fifty Two Week High 107.62
Fifty Two Week High Change -11.25
Fifty Two Week High Change Percent -0.10453447
Fifty Two Week Low 72.76
Fifty Two Week Low Change 23.61
Fifty Two Week Low Change Percent 0.32449147
Fifty Two Week Range 72.76 - 107.62
Financial Currency USD
First Trade Date Milliseconds 1,406,813,400,000
Float Shares 81,924,262
Forward Eps 5.47266
Forward P E 17.609352
Free Cashflow 370,328,512
Full Exchange Name NasdaqGS
Full Time Employees 2,814
Fullday Change 2.98
Fullday Change Percent 3.19092
Fullday Price 96.9781
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,785,542,400
Gross Margins 0.70677
Gross Profits 945,116,992
Has Pre Post Market Data 1
Held Percent Insiders 0.021440001
Held Percent Institutions 1.10501
Implied Shares Outstanding 82,715,296
Industry Health Information Services
Industry Disp Health Information Services
Industry Key health-information-services
Is Earnings Date Estimate 0
Language en-US
Last Fiscal Year End 1,769,817,600
Long Business Summary HealthEquity, Inc. provides technology-enabled services platforms to consumers and employers in the United States. It offers health savings accounts (HAS); investment platform; online-only automated investment advisory services through Advisor, a Web-based tool. The company also provides flexible spending accounts (FSA) 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. In addition, the company offers HSA and FSA members with access to certain healthcare products, programs, and services through its marketplace. It serves clients through a direct sales force; and brokers and advisors, 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.
Long Name HealthEquity, Inc.
Market us_market
Market Cap 7,971,273,216
Market State CLOSED
Max Age 86,400
Message Board Id finmb_11129585
Most Recent Quarter 1,777,507,200
Net Income To Common 230,704,000
Next Fiscal Year End 1,801,353,600
Non Diluted Market Cap 7,724,781,493
Number Of Analyst Opinions 15
Open 93.62
Operating Cashflow 489,881,984
Operating Margins 0.29343998
Overall Risk 1
Payout Ratio 0.0
Peg Ratio 1.5
Phone 801 727 1000
Post Market Change 0.6081009
Post Market Change Percent 0.6310064
Post Market Price 96.9781
Post Market Time 1,787,959,805
Previous Close 93.39
Price Eps Current Year 20.421398
Price Hint 2
Price To Book 3.9503996
Price To Sales Trailing12 Months 5.9610515
Profit Margins 0.17252001
Quick Ratio 2.854
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key strong_buy
Recommendation Mean 1.33333
Region US
Regular Market Change 2.98
Regular Market Change Percent 3.19092
Regular Market Day High 97.99
Regular Market Day Low 92.77
Regular Market Day Range 92.77 - 97.99
Regular Market Open 93.62
Regular Market Previous Close 93.39
Regular Market Price 96.37
Regular Market Time 1,787,947,201
Regular Market Volume 2,258,890
Return On Assets 0.064559996
Return On Equity 0.11062
Revenue Growth 0.072
Revenue Per Share 15.627
Sand P52 Week Change 0.20504117
Sector Healthcare
Sector Disp Healthcare
Sector Key healthcare
Share Holder Rights Risk 2
Shares Outstanding 82,715,296
Shares Percent Shares Out 0.0493
Shares Short 4,117,660
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 5,036,614
Short Name HealthEquity, Inc.
Short Percent Of Float 0.0652
Short Ratio 5.83
Source Interval 15
State UT
Symbol HQY
Target High Price 135.0
Target Low Price 105.0
Target Mean Price 118.53333
Target Median Price 120.0
Total Cash 265,368,992
Total Cash Per Share 3.174
Total Debt 984,681,984
Total Revenue 1,337,225,984
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps 2.77
Trailing P E 34.790615
Trailing Peg Ratio 1.3375
Triggerable 1
Two Hundred Day Average 89.4752
Two Hundred Day Average Change 6.894806
Two Hundred Day Average Change Percent 0.07705829
Type Disp Equity
Volume 2,258,890
Website https://www.healthequity.com
Zip 84,020