BMO Capital has initiated coverage on Healthequity Inc (HQY) with a Market Perform rating as of November 12, 2025. This marks the firm's first assessment of the company, which provides technology-enabled services for healthcare and spending decisions. Healthequity, headquartered in Draper, Utah, manages consumer tax-advantaged health savings accounts (HSAs) and other consumer-directed benefits, employing 3,105 full-time workers.
As of November 8, 2025, Healthequity has a market capitalization of $8.0 billion, a price-to-earnings ratio (P/E) of 54.79, and earnings per share (EPS) of 1.65. The company is set to report its next earnings on March 15, 2026, with an estimated EPS of $0.94 and revenue of $335.9 million.
Analyst consensus indicates a Buy rating, with recent actions reflecting a range of views. BMO's initiation adds to the mix, as it underscores the ongoing interest in Healthequity's growth potential amid evolving industry dynamics.