The stock of Health Insurance Innovations Inc (NASDAQ:HIIQ) hit a new 52-week high and has $14.28 target or 9.00% above today’s $13.10 share price. The 5 months bullish chart indicates low risk for the $191.08M company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $14.28 price target is reached, the company will be worth $17.20M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 745,490 shares traded hands or 91.57% up from the average. Health Insurance Innovations Inc (NASDAQ:HIIQ) has risen 85.64% since April 25, 2016 and is uptrending. It has outperformed by 79.63% the S&P500.
Analysts await Health Insurance Innovations Inc (NASDAQ:HIIQ) to report earnings on March, 2. They expect $0.17 earnings per share, up 70.00% or $0.07 from last year’s $0.1 per share. HIIQ’s profit will be $2.48M for 19.26 P/E if the $0.17 EPS becomes a reality. After $0.33 actual earnings per share reported by Health Insurance Innovations Inc for the previous quarter, Wall Street now forecasts -48.48% 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. $9 is the highest target while $8 is the lowest. The $8.50 average target is -35.11% below today’s ($13.1) stock price. 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 by Lake Street given on Thursday, September 15. 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 decreased to 1.23 in Q2 2016. Its down 0.32, from 1.55 in 2016Q1. The ratio is negative, 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 Ltd Llc accumulated 0% or 13,804 shares. Pdt Prtnrs Limited Company owns 15,200 shares or 0% of their US portfolio. Suntrust Banks Inc has 0% invested in the company for 26,971 shares. Grandeur Peak Advisors Llc has invested 0.27% of its portfolio in Health Insurance Innovations Inc (NASDAQ:HIIQ). Blackrock Invest Management Ltd Limited Liability Company, a New Jersey-based fund reported 1,151 shares. Jacobs Levy Equity Incorporated has invested 0% of its portfolio in Health Insurance Innovations Inc (NASDAQ:HIIQ). Bridgeway Capital Mgmt Inc has 0.01% invested in the company for 200,900 shares. The Massachusetts-based Geode Management Ltd Llc has invested 0% in Health Insurance Innovations Inc (NASDAQ:HIIQ). Shamrock Asset Mgmt Lc owns 150 shares or 0% of their US portfolio. Prescott Grp Capital Lc accumulated 55,828 shares or 0.05% of the stock. Cannell Ltd Liability accumulated 1.87% or 1.17 million shares. Vanguard Gp reported 349,176 shares or 0% of all its holdings. Moreover, Blackrock Fund Advisors has 0% invested in Health Insurance Innovations Inc (NASDAQ:HIIQ) for 19,275 shares. Springbok Capital Ltd Llc reported 60,657 shares or 0.03% of all its holdings. Financial Bank Of America De holds 107,102 shares or 0% of its portfolio.
Insider Transactions: Since June 14, 2016, the stock had 6 buys, and 2 insider sales for $715,084 net activity. McNamee Patrick had bought 15,000 shares worth $67,760. Telkamp Bruce also sold $598,847 worth of Health Insurance Innovations Inc (NASDAQ:HIIQ) on Thursday, November 17. Another trade for 1,000 shares valued at $4,600 was bought by Denother Josef A.. $4,490 worth of shares were bought by Hershberger Michael D on Wednesday, August 10. CANNELL CAPITAL LLC bought 45,000 shares worth $180,435.
More notable 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 with their article: “Health Insurance Innovations drops 20% after downgrade” published on June 09, 2016, Globenewswire.com published: “Health Insurance Innovations, Inc. Reports Record Third Quarter 2016 Financial …” on November 02, 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 Third Quarter 2016 Financial …” with publication date: October 25, 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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