Notable Mover: A Reversal for Health Insurance Innovations Inc Is Not Near. The Stock Rises Again

Notable Mover: A Reversal for Health Insurance Innovations Inc Is Not Near. The Stock Rises Again

The stock of Health Insurance Innovations Inc (NASDAQ:HIIQ) is a huge mover today! About 233,934 shares traded hands or 35.39% up from the average. Health Insurance Innovations Inc (NASDAQ:HIIQ) has risen 14.16% since April 8, 2016 and is uptrending. It has outperformed by 8.51% the S&P500.
The move comes after 7 months positive chart setup for the $109.00 million company. It was reported on Nov, 10 by Barchart.com. We have $18.65 PT which if reached, will make NASDAQ:HIIQ worth $176.58 million 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 $1.68M for 16.18 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 firm has “Buy” rating given on Thursday, September 15 by Lake Street. The stock of Health Insurance Innovations Inc (NASDAQ:HIIQ) has “Market Perform” rating given on Thursday, June 9 by Raymond James.

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 Q2 2016. Its up 0.55, from 1 in 2016Q1. The ratio improved, 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.
Deutsche Fincl Bank Ag has invested 0% of its portfolio in Health Insurance Innovations Inc (NASDAQ:HIIQ). Pdt Prtn Lc holds 15,200 shares or 0% of its portfolio. Blackrock Fund reported 19,275 shares or 0% of all its holdings. Moreover, Bridgeway Capital has 0.01% invested in Health Insurance Innovations Inc (NASDAQ:HIIQ) for 200,900 shares. The Wisconsin-based Cortina Asset Mngmt Ltd has invested 0.12% in Health Insurance Innovations Inc (NASDAQ:HIIQ). Vanguard Grp has 0% invested in the company for 349,176 shares. Huber Cap Mgmt Ltd Llc holds 0.12% of its portfolio in Health Insurance Innovations Inc (NASDAQ:HIIQ) for 735,478 shares. Prescott Gp Cap Mgmt Limited Co last reported 55,828 shares in the company. Manufacturers Life Insurance The holds 0% of its portfolio in Health Insurance Innovations Inc (NASDAQ:HIIQ) for 1,218 shares. Oxford Asset has invested 0.01% of its portfolio in Health Insurance Innovations Inc (NASDAQ:HIIQ). Springbok Capital Mgmt Ltd Liability Corp holds 0.03% of its portfolio in Health Insurance Innovations Inc (NASDAQ:HIIQ) for 60,657 shares. Grandeur Peak Global Advisors Ltd Com has 0.27% invested in the company for 218,936 shares. Kcg has 27,174 shares for 0% of their US portfolio. Jacobs Levy Equity last reported 0% of its portfolio in the stock. Commercial Bank Of America Corporation De holds 0% or 107,102 shares in its portfolio.

Insider Transactions: Since May 18, 2016, the stock had 7 insider purchases, and 0 selling transactions for $289,580 net activity. The insider Hershberger Michael D bought 1,000 shares worth $4,490. The insider CANNELL CAPITAL LLC bought 600 shares worth $3,728. The insider Denother Josef A. bought $4,600. Shares for $67,760 were bought by McNamee Patrick on Wednesday, August 10.

More important recent Health Insurance Innovations Inc (NASDAQ:HIIQ) news were published by: Globenewswire.com which released: “Health Insurance Innovations, Inc. Reports Record Third Quarter 2016 Financial …” on November 02, 2016, also Marketwatch.com published article titled: “Health Insurance Innovations drops 20% after downgrade”, Investorplace.com published: “Health Insurance Innovations Inc (HIIQ): Micro-Cap Roars on Earnings Beat” on August 09, 2016. More interesting news about Health Insurance Innovations Inc (NASDAQ:HIIQ) was released by: Globenewswire.com and their article: “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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