Health Insurance Innovations Inc (HIIQ) Receives $59.38 Average Target Price from Brokerages

Shares of Health Insurance Innovations Inc (NASDAQ:HIIQ) have received a consensus rating of “Buy” from the twelve ratings firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $59.38.

A number of analysts recently commented on HIIQ shares. BidaskClub lowered Health Insurance Innovations from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 4th. ValuEngine lowered Health Insurance Innovations from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 16th. B. Riley decreased their price objective on Health Insurance Innovations to $55.00 and set a “buy” rating for the company in a report on Friday, December 21st. Zacks Investment Research lowered Health Insurance Innovations from a “hold” rating to a “strong sell” rating in a report on Saturday, December 29th. Finally, TheStreet raised Health Insurance Innovations from a “c” rating to a “b-” rating in a report on Wednesday, October 31st.

In other Health Insurance Innovations news, Director Robert S. Murley bought 6,500 shares of the business’s stock in a transaction dated Monday, December 17th. The shares were purchased at an average price of $30.85 per share, for a total transaction of $200,525.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 55.94% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in HIIQ. Renaissance Technologies LLC lifted its stake in Health Insurance Innovations by 6.1% in the second quarter. Renaissance Technologies LLC now owns 1,012,300 shares of the financial services provider’s stock valued at $32,748,000 after purchasing an additional 57,800 shares during the last quarter. BlackRock Inc. lifted its stake in Health Insurance Innovations by 6.9% in the third quarter. BlackRock Inc. now owns 839,358 shares of the financial services provider’s stock valued at $51,745,000 after purchasing an additional 54,419 shares during the last quarter. Ashford Capital Management Inc. lifted its stake in Health Insurance Innovations by 11.2% in the third quarter. Ashford Capital Management Inc. now owns 561,188 shares of the financial services provider’s stock valued at $34,597,000 after purchasing an additional 56,663 shares during the last quarter. Vanguard Group Inc. lifted its stake in Health Insurance Innovations by 9.3% in the third quarter. Vanguard Group Inc. now owns 545,693 shares of the financial services provider’s stock valued at $33,642,000 after purchasing an additional 46,286 shares during the last quarter. Finally, Vanguard Group Inc lifted its stake in Health Insurance Innovations by 9.3% in the third quarter. Vanguard Group Inc now owns 545,693 shares of the financial services provider’s stock valued at $33,642,000 after purchasing an additional 46,286 shares during the last quarter. Hedge funds and other institutional investors own 79.18% of the company’s stock.

Shares of HIIQ stock traded up $2.09 during mid-day trading on Tuesday, hitting $35.78. The company’s stock had a trading volume of 828,453 shares, compared to its average volume of 673,139. Health Insurance Innovations has a 52 week low of $21.20 and a 52 week high of $63.13. The firm has a market cap of $606.33 million, a PE ratio of 29.82 and a beta of 1.35.

Health Insurance Innovations (NASDAQ:HIIQ) last posted its quarterly earnings data on Monday, October 29th. The financial services provider reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.02. Health Insurance Innovations had a return on equity of 20.81% and a net margin of 4.89%. The firm had revenue of $74.00 million during the quarter, compared to analyst estimates of $73.39 million. During the same period last year, the company posted $0.46 EPS. The business’s quarterly revenue was up 16.4% on a year-over-year basis. On average, equities analysts forecast that Health Insurance Innovations will post 1.83 earnings per share for the current year.

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.

See Also: How to Invest in the Dividend Aristocrat Index

Analyst Recommendations for Health Insurance Innovations (NASDAQ:HIIQ)

Receive News & Ratings for Health Insurance Innovations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Health Insurance Innovations and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply