How to Buy Healthequity Stock
Healthequity Inc
HealthEquity, Inc. provides technology-enabled services platforms to consumers and employers in the United States.
Healthequity stock last closed at $79.87, down 0.5% from the previous day, and has increased 35.9% in one year. It has overperformed other stocks in the Health Information Services industry by 0.63 percentage points. Healthequity stock is currently +63.47% from its 52-week low of $48.86, and -5.47% from its 52-week high of $84.49.
At the moment, there are 86.16M shares of HQY outstanding. The market capitalization of HQY is $6.88B. In the past 24 hours, 429,632 HQY shares were traded.
How to Buy Healthequity Stock
Wondering how to invest in Healthequity stock? Here's how.
- Choose where to buy Healthequity stock: You need to decide on an online brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you decide where to buy Healthequity stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Choose your method of payment and add your info.
- Analyze Healthequity stock: The Healthequity ticker symbol is HQY. Is Healthequity stock a good investment? Should you buy shares of HQY? How do HQY's underlying business fundamentals look? Do top analysts think Healthequity is a good buy? Why has HQY's stock price moved recently? (Hint: Our stock market research tools can help you figure out if HQY is a good stock to buy).
- Execute your HQY trade: Decide if you will purchase HQY shares at the current market price or use a limit order to purchase HQY stock at a particular price.
- Keep an eye on your HQY investment: Create a watchlist to get the latest news on your new investment in Healthequity stock.
Step 1: Choose where to buy Healthequity stock
You need a brokerage account to access the NASDAQ market and buy HQY stock.
Our recommended brokerage: eToro
Based on our analysis, eToro is the best stock brokerage. eToro gives you:
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Open eToro AccountStep 2: Create a brokerage account
Now that you've picked the right brokerage, you'll need to fill out some personal info so you can invest in HQY stock today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to create a new brokerage account.
- Submit your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have finished signing up on stock market apps, your next step is to transfer the money for your investment:
Watch this video walkthrough if you need help transferring funds into your new investment account.
Step 4: Analyze Healthequity stock
Once you have figured out the best place to buy Healthequity stock, it's absolutely critical to research their stock prior to investing, so you truly comprehend the risk and upside.
Healthequity stock data
Healthequity Overview
WallStreetZen was created to help everyday investors perform better fundamental analysis in less time.
You can see all of the due diligence checks on HQY's stock page.
Is HQY stock overvalued?
You can use many financial metrics, analyses, models, and charts to gauge HQY's fair value.
Using relative valuations methods:
- HQY could be overvalued based on its P/E ratio of 122.88x, relative to Health Information Services industry P/E ratio of 75.64x
- HQY could be overvalued based on its P/B ratio of 3.38x, relative to Health Information Services industry P/B ratio of 3.37x
- HQY could be overvalued based on its PEG ratio of 1.47x
You can do additional valuation analysis on HQY's stock here.
HQY Financial Health Overview
Positive Financial Indicators:
- HQY profit margin has gone up from -3% to 5.6% in the past year.
- HQY's operating cash flow of $242.83M allows it to safely service it's debt of $933.14M.
- There are more short-term assets than short-term liabilities on the HQY balance sheet.
Negative Financial Indicators:
- HQY earnings of $130.50M is not enough to cover its interest payments.
- HQY has a relatively high debt to equity ratio of 0.56.
- There are more long-term liabilities than short-term assets on the HQY balance sheet.
- Total HQY debt is higher than 5 years ago, relative to shareholder equity.
Is HQY stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 9 sell side analysts who research HQY, the consensus analyst rating on HQY is a Strong Buy
Please note that analyst forecasts are not recommendations, nor are they investment advice.
Most Recent HQY Analyst Upgrades/Downgrades
David Larsen, a bottom 12% analyst from BTIG maintains HQY with a strong buy rating and raises their HQY price target from $100.00 to $110.00, on Mar 20, 2024.
Allen Lutz, a bottom 20% analyst from Bank of America maintains HQY with a strong buy rating and raises their HQY price target from $93.00 to $97.00, on Mar 20, 2024.
An analyst from Barclays maintains HQY with a strong buy rating and raises their HQY price target from $84.00 to $104.00, on Feb 23, 2024.
Gregory Peters, a top 5% analyst from Raymond James maintains HQY with a buy rating and raises their HQY price target from $90.00 to $95.00, on Dec 13, 2023.
Stan Berenshteyn, a top 35% analyst from Wells Fargo maintains HQY with a strong buy rating and raises their HQY price target from $89.00 to $93.00, on Dec 6, 2023.
You can dig deeper into what analysts are forecasting on the Healthequity stock forecast page.
HQY Technical Indicators
HQY Growth Numbers
Last year, HQY earnings were $55.71M. Over the past five year, HQY's earnings have increased by -11.54% per year. This was slower than the Health Information Services industry average of -5.6%.
Last year, HQY revenue was $999.59M. In the past 5 year, HQY's revenue has gone up by 28.33% per year. This was faster than the Health Information Services industry average of 19.83%.
Find out more about HQY's earnings and revenue performance here.
Are HQY executives and large shareholders buying or selling the stock?
In the last 12 months, executives and large shareholders at HQY have sold more shares than they have bought.
Delano Ladd, EVP GC CORPORATE SECRETARY of HQY, was the latest HQY insider to sell. They sold $135,723.66 worth of HQY stock on Apr 3, 2024.
Learn more about who owns HQY stock here.
Can I get consistent income from HQY stock?
No, Healthequity doesn't provide an income stream by paying out dividends.
What do other investors have to say about HQY?
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Execute your HQY trade
There are two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally the easiest way to buy. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a particular dollar amount, place a limit order.
Click the Open Trade button and eToro will execute your order.
If you need additional assistance investing in stocks on eToro, click the how to video below:
Step 6: Keep an eye on your HQY investment
Now that you own some HQY stock, you'll want to stay up-to-date on your new company.
Create a watchlist to track your HQY stock.
HQY Feed
How to Buy Stock in Healthequity
To summarize, here are the 6 steps for buying Healthequity stock:
- Choose where to buy Healthequity stock
- Create a brokerage account
- Put funds into your brokerage account
- Analyze Healthequity stock
- Execute your HQY trade
- Keep an eye on your HQY investment
If you need a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get the latest scoop on your investment in Healthequity, get started below.
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