Health Insurance Innovations (NASDAQ:HIIQ) Stock Rating Lowered by BidaskClub

Health Insurance Innovations (NASDAQ:HIIQ) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Friday, BidAskClub reports.

Other research analysts also recently issued reports about the company. Lake Street Capital decreased their price target on Nautilus from $8.00 to $5.00 and set a “hold” rating for the company in a report on Tuesday, May 7th. Zacks Investment Research downgraded Essential Properties Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, June 13th. TheStreet raised Rent-A-Center from a “c” rating to a “b-” rating in a report on Tuesday, May 7th. ValuEngine downgraded Virtu Financial from a “hold” rating to a “sell” rating in a report on Tuesday, June 18th. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $75.00 price target on shares of Health Insurance Innovations in a report on Thursday, March 28th. Two analysts have rated the stock with a sell rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $56.11.

Health Insurance Innovations stock opened at $22.99 on Friday. Health Insurance Innovations has a 52 week low of $18.27 and a 52 week high of $63.13. The firm has a market capitalization of $320.20 million, a P/E ratio of 10.59 and a beta of 1.30. The business’s 50-day moving average price is $26.17.

Health Insurance Innovations (NASDAQ:HIIQ) last released its earnings results on Monday, May 6th. The financial services provider reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.08). Health Insurance Innovations had a return on equity of 28.56% and a net margin of 3.48%. The firm had revenue of $87.33 million for the quarter, compared to analyst estimates of $83.58 million. During the same period last year, the firm earned $0.70 EPS. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. As a group, equities analysts expect that Health Insurance Innovations will post 3.29 earnings per share for the current fiscal year.

In other news, major shareholder Michael W. Kosloske sold 28,802 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $26.13, for a total transaction of $752,596.26. Following the completion of the transaction, the insider now directly owns 320 shares of the company’s stock, valued at approximately $8,361.60. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Michael W. Kosloske sold 52,526 shares of the company’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $25.29, for a total value of $1,328,382.54. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 327,691 shares of company stock valued at $8,504,415. Corporate insiders own 47.88% of the company’s stock.

Several hedge funds have recently made changes to their positions in HIIQ. Sanders Morris Harris LLC acquired a new position in shares of Health Insurance Innovations in the 2nd quarter valued at $372,000. Trexquant Investment LP lifted its stake in Health Insurance Innovations by 94.0% during the 1st quarter. Trexquant Investment LP now owns 121,590 shares of the financial services provider’s stock worth $3,261,000 after acquiring an additional 58,900 shares in the last quarter. White Pine Capital LLC acquired a new position in Health Insurance Innovations during the 1st quarter worth about $1,048,000. Thompson Siegel & Walmsley LLC acquired a new position in Health Insurance Innovations during the 1st quarter worth about $787,000. Finally, B. Riley Financial Inc. lifted its stake in Health Insurance Innovations by 97.1% during the 1st quarter. B. Riley Financial Inc. now owns 377,608 shares of the financial services provider’s stock worth $10,127,000 after acquiring an additional 185,988 shares in the last quarter.

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 provide 3 months to 12 months of health insurance coverage with various deductible and copay levels; health benefit insurance plans, which offer fixed cash benefits and additional benefits for procedures and services; and supplemental insurance products, including life insurance policies, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans, and pharmacy benefit cards.

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Analyst Recommendations for Health Insurance Innovations (NASDAQ:HIIQ)

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