Price Action To Observe: Health Insurance Innovations Inc’s Stock Is Buy After Today’s Significant Increase

Price Action To Observe: Health Insurance Innovations Inc's Stock Is Buy After Today's Significant Increase

The stock of Health Insurance Innovations Inc (NASDAQ:HIIQ) is a huge mover today! About 322,624 shares traded hands. Health Insurance Innovations Inc (NASDAQ:HIIQ) has risen 107.93% since April 27, 2016 and is uptrending. It has outperformed by 102.70% the S&P500.
The move comes after 7 months positive chart setup for the $193.27M company. It was reported on Nov, 30 by Barchart.com. We have $14.31 PT which if reached, will make NASDAQ:HIIQ worth $15.46M more.

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 $2.48 million for 19.49 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. 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) rating on Thursday, September 15. Lake Street has “Buy” rating and $9 price target. Raymond James downgraded Health Insurance Innovations Inc (NASDAQ:HIIQ) on Thursday, June 9 to “Market Perform” rating.

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.
Suntrust Banks Inc holds 0% of its portfolio in Health Insurance Innovations Inc (NASDAQ:HIIQ) for 26,971 shares. Comml Bank Of America De accumulated 107,102 shares or 0% of the stock. Royal Commercial Bank Of Canada reported 32,266 shares or 0% of all its holdings. Walleye Trading Limited Liability Corporation holds 0% or 12,900 shares in its portfolio. Northern Tru Corporation last reported 10,758 shares in the company. The California-based Huber Cap Mgmt Limited Liability Corp has invested 0.12% in Health Insurance Innovations Inc (NASDAQ:HIIQ). Product Prtn Ltd Liability Co holds 0% or 15,200 shares in its portfolio. Deutsche Bankshares Ag accumulated 0% or 36,800 shares. The California-based Blackrock Fund Advsr has invested 0% in Health Insurance Innovations Inc (NASDAQ:HIIQ). Grandeur Peak Glob Advisors Ltd Liability Com, a Us-based fund reported 218,936 shares. Moreover, Oxford Asset has 0.01% invested in Health Insurance Innovations Inc (NASDAQ:HIIQ) for 68,788 shares. Manufacturers Life Communications The accumulated 1,218 shares or 0% of the stock. Moreover, Cortina Asset Management Ltd Liability Com has 0.12% invested in Health Insurance Innovations Inc (NASDAQ:HIIQ) for 669,515 shares. Morgan Stanley accumulated 0% or 2,100 shares. Jacobs Levy Equity reported 30,526 shares or 0% of all its holdings.

Insider Transactions: Since June 14, 2016, the stock had 6 insider purchases, and 2 sales for $715,084 net activity. 39,500 shares with value of $402,089 were sold by Hershberger Michael D on Thursday, November 17. $4,600 worth of Health Insurance Innovations Inc (NASDAQ:HIIQ) was bought by Denother Josef A.. $598,847 worth of Health Insurance Innovations Inc (NASDAQ:HIIQ) was sold by Telkamp Bruce on Thursday, November 17. 15,000 shares were bought by McNamee Patrick, worth $67,760. Shares for $17,076 were bought by CANNELL CAPITAL LLC.

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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