Health In Tech (HIT)
Market Price (3/15/2026): $1.8 | Market Cap: $101.6 MilSector: Information Technology | Industry: Application Software
Health In Tech (HIT)
Market Price (3/15/2026): $1.8Market Cap: $101.6 MilSector: Information TechnologyIndustry: Application Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 55% | Weak multi-year price returns2Y Excs Rtn is -97%, 3Y Excs Rtn is -134% | Stock price has recently run up significantly12M Rtn12 month market price return is 121% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -50% | Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.6% | |
| Megatrend and thematic driversMegatrends include Digital Health & Telemedicine. Themes include Telehealth Platforms, Health Data Analytics, and AI in Healthcare Management. | Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.7% | |
| High stock price volatilityVol 12M is 124% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 55% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -50% |
| Megatrend and thematic driversMegatrends include Digital Health & Telemedicine. Themes include Telehealth Platforms, Health Data Analytics, and AI in Healthcare Management. |
| Weak multi-year price returns2Y Excs Rtn is -97%, 3Y Excs Rtn is -134% |
| Stock price has recently run up significantly12M Rtn12 month market price return is 121% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.6% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.7% |
| High stock price volatilityVol 12M is 124% |
Qualitative Assessment
AI Analysis | Feedback
Health In Tech (HIT) stock has gained about 20% since 11/30/2025 because of the following key factors:
1. Robust Third Quarter 2025 Financial Results Exceeded Expectations. Health In Tech announced strong Q3 2025 financial results on November 10, 2025, just prior to the specified period. The company reported revenue of $8.5 million, marking a 90% year-over-year increase, and its nine-month revenue of $25.8 million already represented 132% of its full-year 2024 total revenue. Adjusted EBITDA also saw significant growth, rising 49% year-over-year to $1.0 million.
2. Strategic Expansion Through New Partnerships and Product Offerings. In January 2026, Health In Tech collaborated with Benefit Re to introduce over 100 customized stop-loss self-funded healthcare plans for employers. This move into new product lines and strategic partnerships signals business expansion and potential for increased revenue streams within the insurtech market.
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1. Robust Third Quarter 2025 Financial Results Exceeded Expectations. Health In Tech announced strong Q3 2025 financial results on November 10, 2025, just prior to the specified period. The company reported revenue of $8.5 million, marking a 90% year-over-year increase, and its nine-month revenue of $25.8 million already represented 132% of its full-year 2024 total revenue. Adjusted EBITDA also saw significant growth, rising 49% year-over-year to $1.0 million.
2. Strategic Expansion Through New Partnerships and Product Offerings. In January 2026, Health In Tech collaborated with Benefit Re to introduce over 100 customized stop-loss self-funded healthcare plans for employers. This move into new product lines and strategic partnerships signals business expansion and potential for increased revenue streams within the insurtech market.
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Stock Movement Drivers
Fundamental Drivers
The 18.4% change in HIT stock from 11/30/2025 to 3/14/2026 was primarily driven by a 18.4% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 3142026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.52 | 1.80 | 18.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 31 | 31 | 0.0% |
| Net Income Margin (%) | 4.7% | 4.7% | 0.0% |
| P/E Multiple | 59.7 | 70.7 | 18.4% |
| Shares Outstanding (Mil) | 56 | 56 | 0.0% |
| Cumulative Contribution | 18.4% |
Market Drivers
11/30/2025 to 3/14/2026| Return | Correlation | |
|---|---|---|
| HIT | 18.4% | |
| Market (SPY) | -3.1% | 12.6% |
| Sector (XLK) | -4.4% | 10.1% |
Fundamental Drivers
The -34.5% change in HIT stock from 8/31/2025 to 3/14/2026 was primarily driven by a -36.8% change in the company's P/E Multiple.| (LTM values as of) | 8312025 | 3142026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.75 | 1.80 | -34.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 27 | 31 | 15.1% |
| Net Income Margin (%) | 5.1% | 4.7% | -8.3% |
| P/E Multiple | 111.9 | 70.7 | -36.8% |
| Shares Outstanding (Mil) | 55 | 56 | -1.9% |
| Cumulative Contribution | -34.5% |
Market Drivers
8/31/2025 to 3/14/2026| Return | Correlation | |
|---|---|---|
| HIT | -34.5% | |
| Market (SPY) | 3.0% | 16.5% |
| Sector (XLK) | 4.4% | 17.6% |
Fundamental Drivers
The -74.5% change in HIT stock from 2/28/2025 to 3/14/2026 was primarily driven by a -4.2% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 2282025 | 3142026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.05 | 1.80 | -74.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | 31 | 0.0% |
| Net Income Margin (%) | � | 4.7% | 0.0% |
| P/E Multiple | � | 70.7 | 0.0% |
| Shares Outstanding (Mil) | 54 | 56 | -4.2% |
| Cumulative Contribution | 0.0% |
Market Drivers
2/28/2025 to 3/14/2026| Return | Correlation | |
|---|---|---|
| HIT | -74.5% | |
| Market (SPY) | 12.4% | 13.9% |
| Sector (XLK) | 21.9% | 12.5% |
Fundamental Drivers
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Market Drivers
2/28/2023 to 3/14/2026| Return | Correlation | |
|---|---|---|
| HIT | ||
| Market (SPY) | 73.4% | 13.8% |
| Sector (XLK) | 104.5% | 11.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| HIT Return | - | - | - | 5% | -70% | 25% | -61% |
| Peers Return | 31% | 15% | -7% | -18% | -13% | -16% | -16% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -1% | 80% |
Monthly Win Rates [3] | |||||||
| HIT Win Rate | - | - | - | 100% | 67% | 67% | |
| Peers Win Rate | 52% | 60% | 43% | 48% | 55% | 27% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| HIT Max Drawdown | - | - | - | 0% | -90% | -37% | |
| Peers Max Drawdown | -7% | -11% | -20% | -24% | -32% | -18% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -2% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: UNH, ELV, CI, HUM, CNC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/13/2026 (YTD)
How Low Can It Go
HIT has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.
| Event | XLK | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -34.0% | -25.4% |
| % Gain to Breakeven | 51.6% | 34.1% |
| Time to Breakeven | 278 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -31.5% | -33.9% |
| % Gain to Breakeven | 46.0% | 51.3% |
| Time to Breakeven | 79 days | 148 days |
| 2018 Correction | ||
| % Loss | -24.1% | -19.8% |
| % Gain to Breakeven | 31.8% | 24.7% |
| Time to Breakeven | 105 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -53.6% | -56.8% |
| % Gain to Breakeven | 115.3% | 131.3% |
| Time to Breakeven | 1,183 days | 1,480 days |
Compare to UNH, ELV, CI, HUM, CNC
In The Past
SPDR Select Sector Fund's stock fell -34.0% during the 2022 Inflation Shock from a high on 12/27/2021. A -34.0% loss requires a 51.6% gain to breakeven.
Preserve Wealth
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Asset Allocation
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About Health In Tech (HIT)
Our Mission To change the non-transparent $4.5 trillion(1) healthcare industry with innovation that removes friction and complexities with vertical integration, process simplification, automation, and digitalization. Health in Tech (“HIT”) is an insurance technology platform company, which offers a marketplace that aims to improve processes in the healthcare industry through vertical integration, process simplification, and automation. By removing friction and complexities, we streamline the underwriting, sales and service process for insurance companies, licensed brokers, and TPAs. Marketplace: We are a health insurance marketplace where insurance companies can list various stop-loss policy options for self-funded benefits plans. Licensed brokers registered on our platform can log in, upload certain required information, select policy plans, obtain a bindable quote and sell them to small businesses. Our technology enables us to medically underwrite insurance policies and usually produce bindable quotes within approximately two minutes, allowing us to deliver an integrated and seamless sales cycle. Customizable Solutions: Beyond policy underwriting and sales, our marketplace offers customization of health benefits plans, vendors, claims, and network services. Brokers can select customized plans that suit their customers. Accessibility and Savings: We make self-funded benefits plans and stop loss insurance accessible online for small businesses. We aim to deliver meaningful cost savings for low-risk, small employers with comparatively healthy employees through a digital medical underwriting process. We seek to deliver time savings for employers, brokers, TPAs, and carriers, by leveraging both external and internally developed technology. HIT was founded on the belief that self-funded benefits plans and stop loss insurance should be simple and streamlined with significant transparency. With over 30 years of industry experience of our management team, we understand the complexities of the healthcare insurance market, and we know how to integrate the multifaceted aspects of the industry. Our solutions and technology platforms do exactly this through vertical integration, process simplification, automation, and digitalization. 1) The total healthcare spending in the U.S. in 2022. According to The Centers for Medicare & Medicaid Services — National Health Expenditure Data; Frost & Sullivan --- We were incorporated in Nevada in November 2021. We have our headquarters in Stuart, Florida, with many of our team members working remotely throughout the United States. Our principal executive office is located at 701 S. Colorado Ave, Suite 1, Stuart, FL. In September 2013, our founder, Tim Johnson, established International Captive Exchange, LLC, an Iowa limited liability company, which as of November 2021 is our wholly-owned subsidiary. In March 2022, International Captive Exchange merged with DIYBS, LLC, an Iowa limited liability company, with International Captive Exchange surviving the merger. In December 2014, our founder, Tim Johnson, established Stone Mountain Risk, LLC, an Iowa limited liability company, which as of November 2021, is a wholly owned subsidiary of HIT. In March 2017, Mr. Johnson, established HI Card LLC, an Iowa limited liability company which as of November 2021, is a wholly owned subsidiary of HIT.
AI Analysis | Feedback
Here are 1-3 brief analogies to describe Health In Tech (HIT):
- It's like a Kayak or Expedia for comparing and purchasing stop-loss health insurance policies for small businesses.
- Think of it as the Carvana for simplifying the online purchase of self-funded health plans and stop-loss insurance.
AI Analysis | Feedback
- Health Insurance Marketplace: An online platform where insurance companies list stop-loss policy options for self-funded benefits plans, and licensed brokers can obtain bindable quotes to sell to small businesses.
- Medical Underwriting Services: Technology-driven services that rapidly medically underwrite insurance policies and generate bindable quotes, streamlining the sales cycle.
- Customizable Benefits Plan Solutions: Services offered through the marketplace for tailoring health benefits plans, vendors, claims, and network services to suit customer needs.
AI Analysis | Feedback
Health In Tech (HIT) primarily serves other companies through its insurance technology platform. The company's major customers are categories of businesses rather than specific named entities provided in the description. These customer categories include:
- Insurance Companies (Carriers): These companies list various stop-loss policy options for self-funded benefits plans on HIT's marketplace.
- Licensed Brokers: Brokers register on the platform to access policy options, obtain bindable quotes, and sell them to small businesses.
- Third-Party Administrators (TPAs): TPAs are mentioned as benefiting from the platform's efficiencies and time savings, implying they are users or partners.
While the platform ultimately facilitates access to self-funded benefits plans and stop-loss insurance for small businesses, HIT's direct customers for its technology and services are the insurance carriers, licensed brokers, and TPAs.
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| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Is Health In Tech Stock Built to Withstand a Pullback? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to HIT.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 02282026 | BMI | Badger Meter | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 02282026 | VRNS | Varonis Systems | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 02272026 | ITRI | Itron | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 02272026 | FSLR | First Solar | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 02272026 | PEGA | Pegasystems | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
Research & Analysis
Invest in Strategies
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 216.31 |
| Mkt Cap | 42.2 |
| Rev LTM | 196,951 |
| Op Inc LTM | 1 |
| FCF LTM | 3,748 |
| FCF 3Y Avg | 4,830 |
| CFO LTM | 4,689 |
| CFO 3Y Avg | 6,053 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 12.6% |
| Rev Chg 3Y Avg | 11.4% |
| Rev Chg Q | 11.8% |
| QoQ Delta Rev Chg LTM | 2.7% |
| Op Mgn LTM | 4.2% |
| Op Mgn 3Y Avg | 4.2% |
| QoQ Delta Op Mgn LTM | -0.7% |
| CFO/Rev LTM | 3.1% |
| CFO/Rev 3Y Avg | 3.4% |
| FCF/Rev LTM | 1.9% |
| FCF/Rev 3Y Avg | 2.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 42.2 |
| P/S | 0.3 |
| P/EBIT | 8.5 |
| P/E | 14.3 |
| P/CFO | 14.0 |
| Total Yield | 8.0% |
| Dividend Yield | 2.2% |
| FCF Yield 3Y Avg | 5.2% |
| D/E | 0.5 |
| Net D/E | -0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -7.0% |
| 3M Rtn | -16.3% |
| 6M Rtn | -14.5% |
| 12M Rtn | -31.5% |
| 3Y Rtn | -40.7% |
| 1M Excs Rtn | -4.9% |
| 3M Excs Rtn | -10.6% |
| 6M Excs Rtn | -18.0% |
| 12M Excs Rtn | -51.1% |
| 3Y Excs Rtn | -112.1% |
Price Behavior
Price Behavior
| Market Price | $1.80 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 12/23/2024 | |
| Distance from 52W High | -52.3% | |
| 50 Days | 200 Days | |
| DMA Price | $1.40 | $4.55 |
| DMA Trend | up | indeterminate |
| Distance from DMA | 28.6% | -60.5% |
| 3M | 1YR | |
| Volatility | 98.5% | 120.7% |
| Downside Capture | -46.78 | 110.09 |
| Upside Capture | 288.83 | 173.94 |
| Correlation (SPY) | 14.8% | 18.0% |
HIT Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.28 | 1.71 | 1.09 | 1.60 | 1.08 | 0.72 |
| Up Beta | 2.73 | 3.20 | 5.91 | 3.80 | 1.20 | 1.64 |
| Down Beta | 0.17 | -0.22 | 2.03 | 2.30 | 1.17 | -0.01 |
| Up Capture | 453% | 102% | -73% | -32% | -26% | -2% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 9 | 15 | 26 | 54 | 120 | 147 |
| Down Capture | 123% | 299% | -40% | 150% | 113% | 72% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 11 | 25 | 32 | 66 | 123 | 139 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HIT | |
|---|---|---|---|---|
| HIT | 34.4% | 124.6% | 0.82 | - |
| Sector ETF (XLK) | 30.0% | 26.8% | 0.95 | 18.5% |
| Equity (SPY) | 19.6% | 18.9% | 0.81 | 18.9% |
| Gold (GLD) | 71.9% | 26.3% | 2.05 | 2.8% |
| Commodities (DBC) | 19.3% | 17.3% | 0.89 | 4.6% |
| Real Estate (VNQ) | 6.2% | 16.3% | 0.19 | 8.4% |
| Bitcoin (BTCUSD) | -15.3% | 44.2% | -0.25 | 17.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HIT | |
|---|---|---|---|---|
| HIT | -19.1% | 139.2% | 0.36 | - |
| Sector ETF (XLK) | 17.7% | 24.7% | 0.64 | 11.7% |
| Equity (SPY) | 13.1% | 17.0% | 0.61 | 13.9% |
| Gold (GLD) | 24.1% | 17.3% | 1.14 | 2.1% |
| Commodities (DBC) | 11.2% | 19.0% | 0.47 | 3.8% |
| Real Estate (VNQ) | 4.8% | 18.8% | 0.16 | 9.2% |
| Bitcoin (BTCUSD) | 6.3% | 56.7% | 0.33 | 12.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HIT | |
|---|---|---|---|---|
| HIT | -10.0% | 139.2% | 0.36 | - |
| Sector ETF (XLK) | 21.8% | 24.2% | 0.82 | 11.7% |
| Equity (SPY) | 14.5% | 17.9% | 0.70 | 13.9% |
| Gold (GLD) | 14.4% | 15.6% | 0.77 | 2.1% |
| Commodities (DBC) | 8.6% | 17.6% | 0.40 | 3.8% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.23 | 9.2% |
| Bitcoin (BTCUSD) | 67.4% | 66.8% | 1.07 | 12.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/12/2025 | -14.9% | -35.8% | -50.7% |
| 7/21/2025 | 25.2% | 21.5% | 137.8% |
| 3/17/2025 | -18.2% | -22.8% | -15.6% |
| SUMMARY STATS | |||
| # Positive | 1 | 1 | 1 |
| # Negative | 2 | 2 | 2 |
| Median Positive | 25.2% | 21.5% | 137.8% |
| Median Negative | -16.6% | -29.3% | -33.1% |
| Max Positive | 25.2% | 21.5% | 137.8% |
| Max Negative | -18.2% | -35.8% | -50.7% |
External Quote Links
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| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
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