The stock of Health Insurance Innovations Inc (NASDAQ:HIIQ) is a huge mover today! The stock increased 13.40% or $0.65 during the last trading session, hitting $5.5. About 471,519 shares traded hands or 232.48% up from the average. Health Insurance Innovations Inc (NASDAQ:HIIQ) has declined 21.39% since March 28, 2016 and is downtrending. It has underperformed by 26.11% the S&P500.
The move comes after 6 months positive chart setup for the $79.50 million company. It was reported on Oct, 28 by Barchart.com. We have $9.63 PT which if reached, will make NASDAQ:HIIQ worth $59.63M more.
Analysts await Health Insurance Innovations Inc (NASDAQ:HIIQ) to report earnings on November, 14. They expect $0.11 earnings per share, up 37.50% or $0.03 from last year’s $0.08 per share. HIIQ’s profit will be $1.59M for 12.50 P/E if the $0.11 EPS becomes a reality. After $0.27 actual earnings per share reported by Health Insurance Innovations Inc for the previous quarter, Wall Street now forecasts -59.26% negative EPS growth.
Health Insurance Innovations Inc (NASDAQ:HIIQ) Ratings Coverage
Out of 2 analysts covering Health Insurance Innovations Inc (NASDAQ:HIIQ), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Health Insurance Innovations Inc has been the topic of 3 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The stock of Health Insurance Innovations Inc (NASDAQ:HIIQ) has “Market Perform” rating given on Thursday, June 9 by Raymond James. As per Thursday, September 15, the company rating was initiated by Lake Street.
According to Zacks Investment Research, “Health Insurance Innovations, Inc. operates as a developer and administrator of web-based individual health insurance plans and ancillary products. Its product portfolio consists of short-term medical plans, accident, sickness & hospital medical plans, ancillary insurance, life insurance, lifestyle and discount services. Health Insurance Innovations, Inc. is based in Tampa, Florida.”
Insitutional Activity: The institutional sentiment increased to 1.55 in 2016 Q2. Its up 0.55, from 1 in 2016Q1. The ratio is positive, as 4 funds sold all Health Insurance Innovations Inc shares owned while 7 reduced positions. 13 funds bought stakes while 4 increased positions. They now own 4.10 million shares or 3.53% less from 4.25 million shares in 2016Q1.
Geode Capital Management Ltd Co has invested 0% of its portfolio in Health Insurance Innovations Inc (NASDAQ:HIIQ). Springbok Management Ltd Liability Com owns 60,657 shares or 0.03% of their US portfolio. Shamrock Asset Management Limited Liability has 0% invested in the company for 150 shares. Cannell Cap Llc holds 1.17M shares or 1.87% of its portfolio. California Public Employees Retirement Sys holds 121,600 shares or 0% of its portfolio. Cna holds 14,859 shares or 0.01% of its portfolio. Manufacturers Life Insurance Company The holds 0% of its portfolio in Health Insurance Innovations Inc (NASDAQ:HIIQ) for 1,218 shares. Grandeur Peak Advsrs Lc accumulated 0.27% or 218,936 shares. Renaissance Technologies Limited Liability Company has 0% invested in the company for 33,500 shares. Thompson Davis Inc last reported 7,000 shares in the company. Oxford Asset Management has 68,788 shares for 0.01% of their US portfolio. Vanguard holds 0% or 349,176 shares in its portfolio. Morgan Stanley has invested 0% of its portfolio in Health Insurance Innovations Inc (NASDAQ:HIIQ). Cortina Asset Management Ltd Liability holds 0.12% or 669,515 shares in its portfolio. Deutsche State Bank Ag last reported 0% of its portfolio in the stock.
Insider Transactions: Since May 6, 2016, the stock had 8 buys, and 0 insider sales for $341,799 net activity. $4,490 worth of Health Insurance Innovations Inc (NASDAQ:HIIQ) was bought by Hershberger Michael D. $4,600 worth of Health Insurance Innovations Inc (NASDAQ:HIIQ) was bought by Denother Josef A. on Thursday, August 11. CANNELL CAPITAL LLC had bought 600 shares worth $3,728 on Wednesday, May 18. McNamee Patrick bought $67,760 worth of stock or 15,000 shares.
More notable recent Health Insurance Innovations Inc (NASDAQ:HIIQ) news were published by: Globenewswire.com which released: “Health Insurance Innovations, Inc. To Announce Third Quarter 2016 Financial …” on October 25, 2016, also Marketwatch.com with their article: “Health Insurance Innovations Inc. Cl A” published on March 04, 2013, Marketwatch.com published: “Health Insurance Innovations drops 20% after downgrade” on June 09, 2016. More interesting news about Health Insurance Innovations Inc (NASDAQ:HIIQ) were released by: Investorplace.com and their article: “Health Insurance Innovations Inc (HIIQ): Micro-Cap Roars on Earnings Beat” published on August 09, 2016 as well as Globenewswire.com‘s news article titled: “Health Insurance Innovations, Inc. To Announce Second Quarter 2016 Financial …” with publication date: July 11, 2016.
HIIQ Company Profile
Health Insurance Innovations, Inc., incorporated on October 26, 2012, is a developer, distributor and virtual administrator of individual and family health insurance plans and supplemental products. The Firm sells individual and family insurance plans (IFP) that include short-term medical (STM) insurance plans and hospital indemnity plans. The Firm operates through Insurance Plan Development and Distribution (IPD) segment. The Company’s products include STM, hospital indemnity plans and supplemental products. The Company’s STM plans cover individuals for over 360 days with a range of co-pay and deductible options. Individual major medical (IMM) plans cover prescription drugs, pre-existing conditions and preventive care, while STM plans provide optional coverage for prescription drugs. The Company’s hospital indemnity plans provide a daily cash benefit for hospital treatment and doctor office visits, as well as accidental injury and death or dismemberment benefits.
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