Notable Reporting: What’s in Health Insurance Innovations Inc After Today’s Huge Decline?

Notable Reporting: What's in Health Insurance Innovations Inc After Today's Huge Decline?

The stock of Health Insurance Innovations Inc (NASDAQ:HIIQ) is a huge mover today! About 849,825 shares traded hands or 234.27% up from the average. Health Insurance Innovations Inc (NASDAQ:HIIQ) has risen 76.67% since April 13, 2016 and is uptrending. It has outperformed by 72.75% the S&P500.
The move comes after 5 months negative chart setup for the $143.71M company. It was reported on Nov, 15 by Barchart.com. We have $7.92 PT which if reached, will make NASDAQ:HIIQ worth $14.37M less.

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. Lake Street initiated Health Insurance Innovations Inc (NASDAQ:HIIQ) on Thursday, September 15 with “Buy” rating. On Thursday, June 9 the stock rating was downgraded by Raymond James to “Market Perform”.

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 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.
Art Advisors Lc owns 13,804 shares or 0% of their US portfolio. Cna Fincl Corp accumulated 0.01% or 14,859 shares. Kcg Inc reported 27,174 shares or 0% of all its holdings. Cortina Asset Management Ltd accumulated 0.12% or 669,515 shares. Oxford Asset Mngmt last reported 68,788 shares in the company. Bridgeway Mngmt holds 200,900 shares or 0.01% of its portfolio. Thompson Davis holds 7,000 shares or 0.04% of its portfolio. Suntrust Banks has 26,971 shares for 0% of their US portfolio. Huber Mgmt Limited Liability Corp last reported 0.12% of its portfolio in the stock. Northern Tru last reported 0% of its portfolio in the stock. Royal National Bank & Trust Of Canada reported 32,266 shares or 0% of all its holdings. Blackrock Fund accumulated 0% or 19,275 shares. The Ontario – Canada-based Manufacturers Life Insurance The has invested 0% in Health Insurance Innovations Inc (NASDAQ:HIIQ). The Germany-based Deutsche Fincl Bank Ag has invested 0% in Health Insurance Innovations Inc (NASDAQ:HIIQ). Cannell Ltd Liability Company holds 1.87% or 1.17M shares in its portfolio.

Insider Transactions: Since May 18, 2016, the stock had 6 insider buys, and 0 selling transactions for $285,852 net activity. CANNELL CAPITAL LLC bought 2,913 shares worth $11,491. Denother Josef A. bought $4,600 worth of stock. Hershberger Michael D bought $4,490 worth of stock. Another trade for 15,000 shares valued at $67,760 was made by McNamee Patrick on Wednesday, August 10.

More recent Health Insurance Innovations Inc (NASDAQ:HIIQ) news were published by: Nasdaq.com which released: “Health Insurance Innovations, Inc. Appoints Gavin Southwell as Chief Executive …” on November 15, 2016. Also Marketwatch.com published the news titled: “Health Insurance Innovations drops 20% after downgrade” on June 09, 2016. Globenewswire.com‘s news article titled: “Health Insurance Innovations, Inc. Reports Record Third Quarter 2016 Financial …” with publication date: November 02, 2016 was also an interesting one.

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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