Equities research analysts expect Health Insurance Innovations Inc (NASDAQ:HIIQ) to report earnings per share of $0.60 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Health Insurance Innovations’ earnings. The highest EPS estimate is $0.63 and the lowest is $0.57. Health Insurance Innovations reported earnings of $0.46 per share during the same quarter last year, which indicates a positive year over year growth rate of 30.4%. The business is scheduled to issue its next earnings report on Wednesday, November 7th.
On average, analysts expect that Health Insurance Innovations will report full-year earnings of $2.48 per share for the current financial year, with EPS estimates ranging from $2.40 to $2.55. For the next year, analysts anticipate that the business will report earnings of $2.91 per share, with EPS estimates ranging from $2.75 to $3.05. Zacks’ EPS calculations are an average based on a survey of analysts that cover Health Insurance Innovations.
Health Insurance Innovations (NASDAQ:HIIQ) last issued its quarterly earnings data on Wednesday, August 1st. The financial services provider reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.03. The company had revenue of $71.70 million for the quarter, compared to analysts’ expectations of $70.51 million. Health Insurance Innovations had a return on equity of 19.43% and a net margin of 5.39%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.46 earnings per share.
HIIQ has been the topic of a number of analyst reports. ValuEngine cut Health Insurance Innovations from a “buy” rating to a “hold” rating in a research note on Wednesday, June 27th. BidaskClub cut Health Insurance Innovations from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 4th. B. Riley upped their target price on Health Insurance Innovations from $45.00 to $56.00 and gave the company a “buy” rating in a research note on Tuesday, August 7th. Zacks Investment Research raised Health Insurance Innovations from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Tuesday, July 31st. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $60.00 target price on shares of Health Insurance Innovations in a research note on Monday, July 30th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Health Insurance Innovations currently has an average rating of “Buy” and an average price target of $48.83.
HIIQ opened at $48.69 on Tuesday. The company has a market cap of $1.03 billion, a PE ratio of 40.94 and a beta of 0.54. Health Insurance Innovations has a one year low of $18.45 and a one year high of $63.13.
In related news, insider Sheldon Wang sold 10,000 shares of the stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $37.05, for a total value of $370,500.00. Following the transaction, the insider now owns 38,675 shares of the company’s stock, valued at $1,432,908.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO of HealthPocket, Inc. division Bruce Telkamp sold 7,517 shares of the stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $43.20, for a total value of $324,734.40. The disclosure for this sale can be found here. In the last three months, insiders sold 24,110 shares of company stock worth $980,909. 55.94% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in HIIQ. Point72 Asset Management L.P. bought a new position in Health Insurance Innovations in the second quarter worth approximately $7,759,000. Peregrine Capital Management LLC bought a new position in Health Insurance Innovations in the second quarter worth approximately $7,525,000. American Century Companies Inc. grew its stake in Health Insurance Innovations by 1,809.1% in the second quarter. American Century Companies Inc. now owns 211,507 shares of the financial services provider’s stock worth $6,842,000 after purchasing an additional 200,428 shares in the last quarter. Foundry Partners LLC bought a new position in Health Insurance Innovations in the third quarter worth approximately $9,083,000. Finally, Argent Capital Management LLC lifted its holdings in Health Insurance Innovations by 170.9% during the second quarter. Argent Capital Management LLC now owns 127,700 shares of the financial services provider’s stock worth $4,131,000 after buying an additional 80,555 shares during the period. 86.89% of the stock is currently owned by institutional investors.
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 provides three months of health insurance coverage with various deductible and copay levels; health benefit insurance plans, which offer daily cash benefit for hospital treatment and doctor office visits, as well as accidental injury and death or dismemberment benefits; and supplemental insurance products, including pharmacy benefit cards, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans, and life insurance policies.
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