Analysts Set Health Insurance Innovations Inc (NASDAQ:HIIQ) PT at $51.13

Shares of Health Insurance Innovations Inc (NASDAQ:HIIQ) have received a consensus rating of “Buy” from the eleven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $51.13.

Several brokerages recently commented on HIIQ. ValuEngine upgraded shares of Health Insurance Innovations from a “strong sell” rating to a “sell” rating in a research report on Friday, September 20th. Craig Hallum reduced their price target on shares of Health Insurance Innovations from $65.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Zacks Investment Research upgraded shares of Health Insurance Innovations from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Saturday, August 10th. Lake Street Capital reduced their price target on shares of Health Insurance Innovations from $50.00 to $40.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Finally, BidaskClub upgraded shares of Health Insurance Innovations from a “sell” rating to a “hold” rating in a research report on Tuesday.

NASDAQ:HIIQ traded up $0.06 during trading hours on Friday, reaching $21.98. 27,208 shares of the company’s stock were exchanged, compared to its average volume of 458,700. The company has a market capitalization of $310.83 million, a P/E ratio of 11.95 and a beta of 1.42. Health Insurance Innovations has a 12 month low of $16.25 and a 12 month high of $63.13. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.45. The business’s 50-day simple moving average is $19.40 and its two-hundred day simple moving average is $24.23.



Health Insurance Innovations (NASDAQ:HIIQ) last issued its quarterly earnings results on Monday, August 5th. The financial services provider reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.46. The business had revenue of $58.36 million during the quarter, compared to the consensus estimate of $76.76 million. Health Insurance Innovations had a net margin of 3.44% and a return on equity of 29.83%. The firm’s quarterly revenue was down 18.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 EPS. As a group, sell-side analysts anticipate that Health Insurance Innovations will post 3.54 earnings per share for the current fiscal year.

In other Health Insurance Innovations news, major shareholder Michael W. Kosloske sold 52,526 shares of the stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $25.29, for a total value of $1,328,382.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Michael W. Kosloske sold 48,409 shares of the stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $26.21, for a total transaction of $1,268,799.89. Following the completion of the sale, the insider now owns 320 shares of the company’s stock, valued at approximately $8,387.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 222,290 shares of company stock valued at $5,755,557. Insiders own 47.88% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. White Pine Capital LLC raised its holdings in shares of Health Insurance Innovations by 12.9% during the 2nd quarter. White Pine Capital LLC now owns 44,120 shares of the financial services provider’s stock valued at $1,144,000 after purchasing an additional 5,055 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in shares of Health Insurance Innovations during the 2nd quarter valued at $413,000. Nuveen Asset Management LLC bought a new position in shares of Health Insurance Innovations during the 2nd quarter valued at $12,981,000. Connors Investor Services Inc. raised its holdings in shares of Health Insurance Innovations by 60.9% during the 2nd quarter. Connors Investor Services Inc. now owns 105,055 shares of the financial services provider’s stock valued at $2,723,000 after purchasing an additional 39,777 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Health Insurance Innovations by 573.1% during the 2nd quarter. AQR Capital Management LLC now owns 98,978 shares of the financial services provider’s stock valued at $2,566,000 after purchasing an additional 84,273 shares in the last quarter. Institutional investors own 98.55% of the company’s stock.

Health Insurance Innovations Company Profile

Health Insurance Innovations, Inc operates as a cloud-based technology platform and distributor of individual and family health insurance plans, and supplemental products in the United States. It offers short-term medical plans that provide 3 months to 12 months of health insurance coverage with various deductible and copay levels; health benefit insurance plans, which offer fixed cash benefits and additional benefits for procedures and services; and supplemental insurance products, including life insurance policies, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans, and pharmacy benefit cards.

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Analyst Recommendations for Health Insurance Innovations (NASDAQ:HIIQ)

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