Economy

Health Insurance Innovations, Inc. (HIIQ) Under Analyst Spotlight

Cantor Fitzgerald reaffirmed their buy rating on shares of Health Insurance Innovations, Inc. (NASDAQ:HIIQ) in a report released on Friday, September 1st. They issued a "buy" rating and a $28.00 target price for the company.

Several research analysts recently issued reports on HIIQ shares. UBS AG upgraded Health Insurance Innovations to an outperform rating in a report on Thursday, May 4th.

06/26/2017 - Health Insurance Innovations, Inc. was downgraded to "market perform" by analysts at Raymond James.

Health Insurance Innovations, Inc.

The average 1-year price target for Health Insurance Innovations, Inc. Of the analysts surveyed by Reuters that track The Bank of New York Mellon Corporation 12 of them rate its stock a hold. The stock has a consensus recommendation of "Buy" and a consensus price objective of $31.33.

News coverage about Health Insurance Innovations (NASDAQ:HIIQ) has been trending somewhat positive this week, according to Accern Sentiment Analysis.

The P/E ratio is 17.72 and market capitalization is 273.07M.

Health Insurance Innovations Inc has a 52 week low of $4.00 and a 52 week high of $37.38 with a P/E ratio of 18.61 The company's market cap is now $0. The firm has a 50-day moving average price of $30.30 and a 200-day moving average price of $22.93.

Health Insurance Innovations (NASDAQ:HIIQ) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.13. Health Insurance Innovations had a net margin of 5.56% and a return on equity of 22.89%. The firm's revenue was up 38.9% compared to the same quarter previous year. Bank of Montreal Can purchased a new position in shares of Health Insurance Innovations in the 1st quarter valued at about $118,000. If you are reading this story on another site, it was illegally copied and reposted in violation of US & worldwide copyright law. The correct version of this report can be viewed at https://stocknewstimes.com/2017/09/21/health-insurance-innovations-hiiq-given-daily-media-impact-rating-of-0-19.html.

06/06/2014 - Dougherty & Co began new coverage on Health Insurance Innovations, Inc. giving the company a "buy" rating. Following the transaction, the chief executive officer now directly owns 104,001 shares of the company's stock, valued at $2,774,746.68. The information was declared in a document with the SEC which is accessible through the Security and Exchange Commission website.

In related news, CEO Bruce Telkamp sold 30,000 shares of the firm's stock in a transaction on Tuesday, July 18th. The shares were acquired at an average cost of $30.21 per share, with a total value of $90,630.00. Also, CFO Michael D. Hershberger unloaded 5,000 stocks of the company's shares in a trade on early Mon, Jul 3rd. The disclosure for this sale can be found here. HIIQ, however, allegedly failed to inform investors that the company's application for a key insurance license in Florida was rejected due to the state's Office of Insurance Regulation's ("OIR") discovery of undisclosed legal actions against HIIQ insiders. Bank of New York Mellon Corp increased its holdings in shares of Health Insurance Innovations by 11.5% during the 1st quarter. The shares were purchased at an average price of $25.80. Dialectic Capital Management, Lp expanded its holdings by buying 288 shares an increase of 0.1% from 12/31/2016 to 03/31/2017. On this news, HIIQ's stock fell $6.55 per share, or almost 22%, to close at $23.35 per share on September 11, 2017. Vanguard Group Inc. raised its position in Health Insurance Innovations by 92.2% during the 1st quarter. Finally, Alliancebernstein L.P. purchased a new position in shares of Health Insurance Innovations in the 2nd quarter valued at about $240,000.

Health Insurance Innovations, Inc., launched on October 26, 2012, is a developer, distributor and cloud-based administrator of individual and family health insurance plans (IFPs) and supplemental products, which include short-term medical (STM) insurance plans, and guaranteed-issue and underwritten hospital indemnity plans.



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