Health Insurance Innovations Sees Unusually Large Options Volume (HIIQ)

Health Insurance Innovations Inc (NASDAQ:HIIQ) was the target of unusually large options trading on Monday. Stock traders bought 12,712 put options on the company. This represents an increase of 1,016% compared to the typical daily volume of 1,139 put options.

NASDAQ:HIIQ opened at $34.50 on Tuesday. Health Insurance Innovations has a 52-week low of $20.30 and a 52-week high of $63.13. The firm has a market cap of $635.47 million, a price-to-earnings ratio of 28.75 and a beta of 0.93.

Health Insurance Innovations (NASDAQ:HIIQ) last posted its quarterly earnings data on Monday, October 29th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.02. Health Insurance Innovations had a return on equity of 20.81% and a net margin of 4.89%. The firm had revenue of $74.00 million for the quarter, compared to the consensus estimate of $73.39 million. During the same quarter in the prior year, the business earned $0.46 EPS. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. Equities analysts expect that Health Insurance Innovations will post 1.93 earnings per share for the current year.

A number of large investors have recently bought and sold shares of HIIQ. Harvest Fund Management Co. Ltd acquired a new position in shares of Health Insurance Innovations in the 3rd quarter valued at $119,000. Sawtooth Solutions LLC acquired a new position in shares of Health Insurance Innovations in the 3rd quarter valued at $211,000. Ibex Investors LLC acquired a new position in shares of Health Insurance Innovations in the 3rd quarter valued at $218,000. Cim LLC acquired a new position in shares of Health Insurance Innovations in the 3rd quarter valued at $246,000. Finally, Thompson Siegel & Walmsley LLC acquired a new position in shares of Health Insurance Innovations in the 2nd quarter valued at $259,000. 89.13% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently commented on the company. B. Riley increased their price target on Health Insurance Innovations from $56.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, September 27th. ValuEngine upgraded Health Insurance Innovations from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 11th. BidaskClub downgraded Health Insurance Innovations from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 4th. TheStreet raised Health Insurance Innovations from a “c” rating to a “b-” rating in a report on Wednesday, October 31st. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $65.00 price objective on shares of Health Insurance Innovations in a report on Thursday, August 16th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Health Insurance Innovations currently has a consensus rating of “Buy” and an average price target of $55.62.

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About Health Insurance Innovations

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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