HealthEquity, Inc. provides technology-enabled services platforms to consumers and employers in the United States. The company offers cloud-based platforms for individuals to make health saving and spending decisions, pay healthcare bills, compare treatment options and prices, receive personalized benefit and clinical information, earn wellness incentives, grow their savings, and make investment choices; and health savings accounts. It also provides mutual fund investment platform; and online-only automated investment advisory services through Advisor, a Web-based tool. In addition, the company offers flexible spending accounts; 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; benefits brokers and advisors; 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 headquartered in Draper, Utah.
IPO Year: 2014
Exchange: NASDAQ
Website: healthequity.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/4/2024 | $126.00 | Outperform | Mizuho |
| 11/15/2024 | $108.00 | Neutral | Goldman |
| 4/4/2024 | $101.00 | Mkt Outperform | JMP Securities |
| 4/2/2024 | $86.00 → $108.00 | Overweight | JP Morgan |
| 1/3/2024 | $84.00 | Overweight | Barclays |
| 9/21/2023 | $79.00 → $87.00 | Neutral → Outperform | Robert W. Baird |
| 10/21/2022 | $64.00 → $77.00 | Sell → Neutral | Goldman |
| 9/16/2022 | $85.00 | Overweight | KeyBanc Capital Markets |
| 7/12/2022 | $59.00 | Sell | Goldman |
| 4/11/2022 | $95.00 | Overweight | Wells Fargo |
DRAPER, Utah, Feb. 20, 2025 (GLOBE NEWSWIRE) -- HealthEquity, a leader in benefits solutions, today released new research focused on the challenges and preferences of employees who recently transitioned from fully remote work to a consistent in-office schedule. The findings highlight how factors like commuting can impact employees' return to office (RTO) experience and underscore the importance of commuter benefits in supporting a positive RTO experience. "Commuting can be the biggest hurdle in any return-to-office or existing work-from-office experience," said HealthEquity Commuter Product General Manager, Kalpi Desai. "Offering commuter benefits, from pre-tax options to parking discount
DRAPER, Utah, Feb. 18, 2025 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (NASDAQ:HQY) ("HealthEquity" or the "Company"), the nation's largest health savings account ("HSA") custodian, today announced its HSAs, HSA Assets and Total Accounts as of its fiscal year ended January 31, 2025. The Company also affirmed its guidance for fiscal 2025 and 2026, provided an updated HSA cash repricing schedule, and announced upcoming events and presentations. The total number of HSAs as of January 31, 2025 was 9.9 million, an increase of 14%, from 8.7 million as of January 31, 2024. The Company closed its fiscal year 2025 with 17.0 million Total Accounts, an increase of 9%, from 15.7 million as of January 31,
DRAPER, Utah, Jan. 28, 2025 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (NASDAQ:HQY), the nation's largest health savings account (HSA) custodian, has been recognized by two industry awards programs for its Expedited Claims tool. Both the Best in Biz Awards and the Brandon Hall Excellence in Technology Awards have honored the time-saving solution, further underscoring HealthEquity's commitment to simplifying healthcare benefits and empowering members to better manage their health and financial well-being. Expedited Claims is a member-first solution designed by HealthEquity to streamline the receipt upload process, significantly reducing manual errors, and saving members time spent managing
DRAPER, Utah, Jan. 13, 2025 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (NASDAQ:HQY) ("HealthEquity" or the "Company"), the nation's largest health savings account ("HSA") custodian, today announced estimates of HSAs, HSA Assets and Total Accounts for its fiscal year ending January 31, 2025, reflecting a strong sales year with record New HSAs from Sales and strong custodial HSA Asset growth. Estimated HSAs to be approximately 9.8 million by January 31, 2025, up from 8.7 million a year earlier.Estimated HSA Assets to be approximately $31 billion, up from $25.2 billion at the end of fiscal year 2024, with approximately $17 billion of HSA Cash. Invested balances included in the estimated assets a
DRAPER, Utah, Dec. 17, 2024 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (NASDAQ:HQY), the leader in health savings accounts (HSAs) and consumer-directed benefits, today announced it has received numerous top workplace awards over the course of the year. With honors both nationally and regionally, these accolades reflect HealthEquity's unwavering commitment to fostering an innovative, inclusive, and supportive workplace. Among its many achievements, HealthEquity was named a USA TODAY Top Workplace in 2024 and received eight Cultural Excellence Awards from Energage, including recognition for Leadership, Employee Well-Being, and Work-Life Flexibility. Regionally, HealthEquity earned distinctions
Highlights of the third quarter include: Revenue of $300.4 million, an increase of 21% compared to $249.2 million in Q3 FY24.Net income of $5.7 million, compared to $14.7 million in Q3 FY24, with non-GAAP net income of $69.4 million, an increase of 33% compared to $52.2 million in Q3 FY24.Net income per diluted share of $0.06, compared to $0.17 in Q3 FY24, with non-GAAP net income per diluted share of $0.78, compared to $0.60 in Q3 FY24.Adjusted EBITDA of $118.2 million, an increase of 24% compared to $95.6 million in Q3 FY24.9.5 million HSAs, an increase of 15% compared to Q3 FY24.Total HSA Assets of $30.0 billion, an increase of 33% compared to Q3 FY24.16.5 million Total Accounts, inc
DRAPER, Utah, Dec. 03, 2024 (GLOBE NEWSWIRE) -- HealthEquity has announced its annual benefit trends webinar aimed at helping employers, HR professionals, and other business leaders prepare for the 2025 benefits landscape. The event will focus on benefits affordability for employers and employees, and how employers can address it. The webinar is scheduled for Tuesday, December 10, at 2 p.m. (EST). The panel-style discussion will feature seasoned benefits experts from various industries. Attendees will hear actionable recommendations for employers looking to strengthen their benefits offerings and improve outcomes, all while navigating the complexities of today's economic climate. This i
DRAPER, Utah, Nov. 19, 2024 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (NASDAQ:HQY), a leader in health savings accounts (HSAs) and consumer-directed benefits, is proud to announce Chief Marketing Officer Tia Padia has been recognized with the MarCom Visionary CMO Award for her innovative leadership in the category of Individual's Body of Work. This award recognizes Padia's creative vision to develop the HealthEquity Immersion Experience — a project that showcases HealthEquity's deep understanding of the client and member benefits journey through an interactive, immersive event. "This award goes beyond individual recognition, it's a reflection of the tremendous commitment we have at HealthEq
DRAPER, Utah, Nov. 12, 2024 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (NASDAQ:HQY) ("HealthEquity" or the "Company"), the nation's largest health savings account ("HSA") custodian, today announced that after leading the company for more than 15 years, Jon Kessler, President and Chief Executive Officer, has decided to retire effective January 6, 2025. Mr. Kessler will remain a director and act a special advisor to the Company through April 30, 2025. To succeed Mr. Kessler, the Company announced the appointment of Scott Cutler, who will join HealthEquity as President and CEO and as a director effective January 6, 2025. HealthEquity management will host a conference call for investors on Tues
DRAPER, Utah, Oct. 30, 2024 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (NASDAQ:HQY) ("HealthEquity" or the "Company"), the nation's largest health savings account ("HSA") custodian, today announced plans to release its third quarter of fiscal 2025 financial results following the close of regular stock market trading hours on Monday, December 9, 2024. Following the news release, HealthEquity management plans to host a conference call for investors on Monday, December 9, 2024, at 4:30 p.m. Eastern Time during which management will review the Company's third quarter results. HealthEquity Third Quarter Fiscal Year 2025 Results Conference CallDate:December 9, 2024Time:4:30 p.m. Eastern Time / 2:30
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8-K - HEALTHEQUITY, INC. (0001428336) (Filer)
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DRAPER, Utah, Feb. 18, 2025 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (NASDAQ:HQY) ("HealthEquity" or the "Company"), the nation's largest health savings account ("HSA") custodian, today announced its HSAs, HSA Assets and Total Accounts as of its fiscal year ended January 31, 2025. The Company also affirmed its guidance for fiscal 2025 and 2026, provided an updated HSA cash repricing schedule, and announced upcoming events and presentations. The total number of HSAs as of January 31, 2025 was 9.9 million, an increase of 14%, from 8.7 million as of January 31, 2024. The Company closed its fiscal year 2025 with 17.0 million Total Accounts, an increase of 9%, from 15.7 million as of January 31,
DRAPER, Utah, Jan. 13, 2025 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (NASDAQ:HQY) ("HealthEquity" or the "Company"), the nation's largest health savings account ("HSA") custodian, today announced estimates of HSAs, HSA Assets and Total Accounts for its fiscal year ending January 31, 2025, reflecting a strong sales year with record New HSAs from Sales and strong custodial HSA Asset growth. Estimated HSAs to be approximately 9.8 million by January 31, 2025, up from 8.7 million a year earlier.Estimated HSA Assets to be approximately $31 billion, up from $25.2 billion at the end of fiscal year 2024, with approximately $17 billion of HSA Cash. Invested balances included in the estimated assets a
DRAPER, Utah, Aug. 21, 2024 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (NASDAQ:HQY) ("HealthEquity"), the leader in health savings accounts (HSAs) and consumer-directed benefits administration, will kick off the second annual HSA WeekTM on August 26. The weeklong event will include a variety of resources to educate workers and companies about HSAs and their potential to improve healthcare savings and financial stability. According to a recent HealthEquity research study, roughly 40% of employees lack confidence in their health plan decisions and more than half wonder at times if they have chosen the right plan for their needs. The good news is that education can help. The study also found th
PACS Group, Inc. (NYSE:PACS) ("PACS" or the "Company") announced today that Evelyn Dilsaver has been appointed to serve as a member of its Board of Directors. "We're thrilled to have Evelyn join our board," said Jason Murray, PACS Chairman and CEO. "She has great experience as an accounting and finance professional, not to mention her work on the boards of several other public companies. She'll bring added perspective and expertise to the board as we work to guide PACS going forward." "I'm excited to join the PACS Board and assist the company in continuing its mission to provide quality skilled nursing care. I look forward to great things ahead for the company," added Ms. Dilsaver. Ms.
Healthcare IT Industry Expert Will Support the Firm's HCIT Strategy Thomas H. Lee Partners, L.P. ("THL"), a premier private equity firm investing in middle-market growth companies, today announced the appointment of Paul Black as a consultant for the firm's healthcare investment group. Black, who brings more than 25 years of experience leading companies in healthcare information technology ("Healthcare IT"), will support the team's efforts in identifying, sourcing, and growing investment opportunities across the healthcare market. "We are very pleased to welcome Paul to THL as a consultant for the firm's healthcare group," said Shahab Vagefi, Managing Director at THL. "THL has had a longs
Mizuho initiated coverage of HealthEquity with a rating of Outperform and set a new price target of $126.00
Goldman initiated coverage of HealthEquity with a rating of Neutral and set a new price target of $108.00
JMP Securities initiated coverage of HealthEquity with a rating of Mkt Outperform and set a new price target of $101.00
JP Morgan reiterated coverage of HealthEquity with a rating of Overweight and set a new price target of $108.00 from $86.00 previously
Barclays initiated coverage of HealthEquity with a rating of Overweight and set a new price target of $84.00
Robert W. Baird upgraded HealthEquity from Neutral to Outperform and set a new price target of $87.00 from $79.00 previously
Goldman upgraded HealthEquity from Sell to Neutral and set a new price target of $77.00 from $64.00 previously
KeyBanc Capital Markets initiated coverage of HealthEquity with a rating of Overweight and set a new price target of $85.00
Goldman initiated coverage of HealthEquity with a rating of Sell and set a new price target of $59.00
Wells Fargo initiated coverage of HealthEquity with a rating of Overweight and set a new price target of $95.00
Highlights of the third quarter include: Revenue of $300.4 million, an increase of 21% compared to $249.2 million in Q3 FY24.Net income of $5.7 million, compared to $14.7 million in Q3 FY24, with non-GAAP net income of $69.4 million, an increase of 33% compared to $52.2 million in Q3 FY24.Net income per diluted share of $0.06, compared to $0.17 in Q3 FY24, with non-GAAP net income per diluted share of $0.78, compared to $0.60 in Q3 FY24.Adjusted EBITDA of $118.2 million, an increase of 24% compared to $95.6 million in Q3 FY24.9.5 million HSAs, an increase of 15% compared to Q3 FY24.Total HSA Assets of $30.0 billion, an increase of 33% compared to Q3 FY24.16.5 million Total Accounts, inc
DRAPER, Utah, Nov. 12, 2024 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (NASDAQ:HQY) ("HealthEquity" or the "Company"), the nation's largest health savings account ("HSA") custodian, today announced that after leading the company for more than 15 years, Jon Kessler, President and Chief Executive Officer, has decided to retire effective January 6, 2025. Mr. Kessler will remain a director and act a special advisor to the Company through April 30, 2025. To succeed Mr. Kessler, the Company announced the appointment of Scott Cutler, who will join HealthEquity as President and CEO and as a director effective January 6, 2025. HealthEquity management will host a conference call for investors on Tues
DRAPER, Utah, Oct. 30, 2024 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (NASDAQ:HQY) ("HealthEquity" or the "Company"), the nation's largest health savings account ("HSA") custodian, today announced plans to release its third quarter of fiscal 2025 financial results following the close of regular stock market trading hours on Monday, December 9, 2024. Following the news release, HealthEquity management plans to host a conference call for investors on Monday, December 9, 2024, at 4:30 p.m. Eastern Time during which management will review the Company's third quarter results. HealthEquity Third Quarter Fiscal Year 2025 Results Conference CallDate:December 9, 2024Time:4:30 p.m. Eastern Time / 2:30
Highlights of the second quarter include: Revenue of $299.9 million, an increase of 23% compared to $243.5 million in Q2 FY24.Net income of $35.8 million, compared to $10.6 million in Q2 FY24, with non-GAAP net income of $76.3 million, an increase of 67% compared to $45.6 million in Q2 FY24.Net income per diluted share of $0.40, compared to $0.12 in Q2 FY24, with non-GAAP net income per diluted share of $0.86, compared to $0.53 in Q2 FY24.Adjusted EBITDA of $128.3 million, an increase of 46% compared to $88.1 million in Q2 FY24.9.4 million HSAs, an increase of 15% compared to Q2 FY24.Total HSA Assets of $29.5 billion, an increase of 27% compared to Q2 FY24.16.3 million Total Accounts,
DRAPER, Utah, Aug. 13, 2024 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (NASDAQ:HQY) ("HealthEquity" or the "Company"), the nation's largest health savings account ("HSA") custodian, today announced plans to release its second quarter of fiscal 2025 financial results following the close of regular stock market trading hours on Tuesday, September 3, 2024. Following the news release, HealthEquity management plans to host a conference call for investors on Tuesday, September 3, 2024, at 4:30 p.m. Eastern Time during which management will review the Company's second quarter results. HealthEquity Second Quarter Fiscal Year 2025 Results Conference CallDate:September 3, 2024Time:4:30 p.m. Eastern Time
Highlights of the first quarter include: Revenue of $287.6 million, an increase of 18% compared to $244.4 million in Q1 FY24.Net income of $28.8 million, compared to $4.1 million in Q1 FY24, with non-GAAP net income of $70.3 million, an increase of 64% compared to $42.8 million in Q1 FY24.Net income per diluted share of $0.33, compared to $0.05 in Q1 FY24, with non-GAAP net income per diluted share of $0.80, compared to $0.50 in Q1 FY24.Adjusted EBITDA of $117.4 million, an increase of 36% compared to $86.6 million in Q1 FY24.9.1 million HSAs, an increase of 13% compared to Q1 FY24.Total HSA Assets of $27.3 billion, an increase of 22% compared to Q1 FY24.16.0 million Total Accounts, i
DRAPER, Utah, May 07, 2024 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (NASDAQ:HQY) ("HealthEquity" or the "Company"), the nation's largest health savings account ("HSA") custodian, today announced plans to release its first quarter of fiscal 2025 financial results following the close of regular stock market trading hours on Monday, June 3, 2024. Following the news release, HealthEquity management plans to host a conference call for investors on Monday, June 3, 2024, at 4:30 p.m. Eastern Time during which management will review the Company's first quarter results. HealthEquity First Quarter Fiscal Year 2025 Results Conference CallDate:June 3, 2024Time:4:30 p.m. Eastern Time / 2:30 p.m. Moun
Highlights of the fiscal year include: Revenue of $999.6 million, an increase of 16% compared to $861.7 million in FY23.Net income of $55.7 million, compared to net loss of $26.1 million in FY23, with non-GAAP net income of $195.5 million, compared to $114.5 million in FY23.Net income per diluted share of $0.64, compared to net loss per diluted share of $0.31 in FY23, with non-GAAP net income per diluted share of $2.25, compared to $1.36 in FY23.Adjusted EBITDA of $369.2 million, an increase of 36% compared to $272.3 million in FY23.8.7 million HSAs, an increase of 9% compared to FY23.Total HSA Assets of $25.2 billion, an increase of 14% compared to FY23.15.7 million Total Accounts, includi
DRAPER, Utah, March 05, 2024 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (NASDAQ:HQY) ("HealthEquity" or the "Company"), the nation's largest health savings account ("HSA") custodian, today announced plans to release its fourth quarter and fiscal year end 2024 financial results following the close of regular stock market trading hours on Tuesday, March 19, 2024. Following the news release, HealthEquity management plans to host a conference call for investors on Tuesday, March 19, 2024, at 4:30 p.m. ET during which management will review the Company's financial results. HealthEquity Fourth Quarter and Fiscal Year End 2024 Results Conference Call Date:March 19, 2024Time:4:30 p.m. East
Highlights of the third quarter include: Revenue of $249.2 million, an increase of 15% compared to $216.1 million in Q3 FY23.Net income of $14.7 million, compared to net loss of $1.6 million in Q3 FY23, with non-GAAP net income of $52.2 million, an increase of 61% compared to $32.4 million in Q3 FY23.Net income per diluted share of $0.17, compared to net loss per diluted share of $0.02 in Q3 FY23, with non-GAAP net income per diluted share of $0.60, compared to $0.38 in Q3 FY23.Adjusted EBITDA of $95.6 million, an increase of 30% compared to $73.4 million in Q3 FY23.8.3 million HSAs, an increase of 8% compared to Q3 FY23.Total HSA Assets of $22.6 billion, an increase of 12% compared to Q3 F