Investment Analysts’ Recent Ratings Changes for Health Insurance Innovations (HIIQ)

A number of research firms have changed their ratings and price targets for Health Insurance Innovations (NASDAQ: HIIQ):

  • 10/31/2018 – Health Insurance Innovations was upgraded by analysts at TheStreet from a “c” rating to a “b-” rating.
  • 10/30/2018 – Health Insurance Innovations had its price target raised by analysts at Lake Street Capital from $51.00 to $75.00. They now have a “buy” rating on the stock.
  • 10/30/2018 – Health Insurance Innovations had its price target raised by analysts at Craig Hallum from $58.00 to $65.00. They now have a “buy” rating on the stock.
  • 10/29/2018 – Health Insurance Innovations was upgraded by analysts at First Analysis from an “outperform” rating to a “strong-buy” rating. They now have a $65.00 price target on the stock.
  • 10/16/2018 – Health Insurance Innovations was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.
  • 10/11/2018 – Health Insurance Innovations was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 10/4/2018 – Health Insurance Innovations was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 9/27/2018 – Health Insurance Innovations had its price target raised by analysts at B. Riley from $56.00 to $60.00. They now have a “buy” rating on the stock.
  • 9/11/2018 – Health Insurance Innovations was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.

NASDAQ HIIQ traded down $1.34 during trading hours on Thursday, reaching $42.19. The company’s stock had a trading volume of 27,903 shares, compared to its average volume of 694,259. The stock has a market capitalization of $694.48 million, a price-to-earnings ratio of 35.16 and a beta of 0.93. Health Insurance Innovations Inc has a 1-year low of $20.30 and a 1-year high of $63.13.

Health Insurance Innovations (NASDAQ:HIIQ) last released its quarterly earnings results on Monday, October 29th. The financial services provider reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.02. The company had revenue of $74.00 million during the quarter, compared to analysts’ expectations of $73.39 million. Health Insurance Innovations had a return on equity of 20.81% and a net margin of 4.89%. Health Insurance Innovations’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 EPS. As a group, equities analysts anticipate that Health Insurance Innovations Inc will post 1.97 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in HIIQ. Point72 Asset Management L.P. acquired a new position in shares of Health Insurance Innovations during the second quarter valued at approximately $7,759,000. Peregrine Capital Management LLC acquired a new position in shares of Health Insurance Innovations during the second quarter valued at approximately $7,525,000. Penserra Capital Management LLC acquired a new position in shares of Health Insurance Innovations during the third quarter valued at approximately $12,830,000. American Century Companies Inc. raised its holdings in shares of Health Insurance Innovations by 1,809.1% during the second quarter. American Century Companies Inc. now owns 211,507 shares of the financial services provider’s stock valued at $6,842,000 after acquiring an additional 200,428 shares during the last quarter. Finally, Foundry Partners LLC acquired a new position in shares of Health Insurance Innovations during the third quarter valued at approximately $9,083,000. 87.56% of the stock is owned by institutional investors and hedge funds.

Health Insurance Innovations, Inc operates as a cloud-based technology platform and distributor of individual and family health insurance plans, and supplemental products in the United States. It offers short-term medical plans that provides three months of health insurance coverage with various deductible and copay levels; health benefit insurance plans, which offer daily cash benefit for hospital treatment and doctor office visits, as well as accidental injury and death or dismemberment benefits; and supplemental insurance products, including pharmacy benefit cards, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans, and life insurance policies.

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