Critical Comparison: Health In Tech (HIT) vs. Its Competitors

Health In Tech (NASDAQ:HIT) is one of 96 public companies in the “Healthcare Technology” industry, but how does it contrast to its peers? We will compare Health In Tech to related businesses based on the strength of its earnings, analyst recommendations, dividends, profitability, institutional ownership, valuation and risk.

Analyst Recommendations

This is a summary of current recommendations and price targets for Health In Tech and its peers, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Health In Tech	1	0	0	1	2.50
Health In Tech Competitors	414	1451	2667	87	2.53

Health In Tech presently has a consensus target price of $4.00, indicating a potential upside of 258.74%. As a group, “Healthcare Technology” companies have a potential upside of 74.88%. Given Health In Tech’s higher probable upside, research analysts plainly believe Health In Tech is more favorable than its peers.

Volatility and Risk

Health In Tech has a beta of 2.88, suggesting that its stock price is 188% more volatile than the S&P 500. Comparatively, Health In Tech’s peers have a beta of 1.20, suggesting that their average stock price is 20% more volatile than the S&P 500.

Valuation and Earnings

This table compares Health In Tech and its peers revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Health In Tech	$34.08 million	N/A	-55.75
Health In Tech Competitors	$329.78 million	-$23.71 million	9.23

Health In Tech’s peers have higher revenue, but lower earnings than Health In Tech. Health In Tech is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares Health In Tech and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Health In Tech	N/A	N/A	N/A
Health In Tech Competitors	-771.10%	-40.22%	-17.79%

Institutional & Insider Ownership

41.9% of shares of all “Healthcare Technology” companies are owned by institutional investors. 77.7% of Health In Tech shares are owned by insiders. Comparatively, 15.8% of shares of all “Healthcare Technology” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Summary

Health In Tech beats its peers on 7 of the 12 factors compared.

Health In Tech Company Profile

Health in Tech, Inc. engages in the provision of insurance technology platforms which offer a marketplace of processes in the healthcare industry. Its services include Stone Mountain Risk, eDIYBS, HI Card, HI Performance Network, and Ancillary Products. The company was founded by Tim Johnson in 2014 and is headquartered in Stuart, FL.