Health Insurance Innovations (NASDAQ:HIIQ) Stock Rating Reaffirmed by Lake Street Capital

Health Insurance Innovations (NASDAQ:HIIQ)‘s stock had its “buy” rating restated by equities researchers at Lake Street Capital in a research report issued on Wednesday, The Fly reports. They currently have a $50.00 price target on the financial services provider’s stock, up from their previous price target of $40.00. Lake Street Capital’s price objective suggests a potential upside of 102.92% from the stock’s current price.

HIIQ has been the topic of a number of other reports. Zacks Investment Research lowered shares of Health Insurance Innovations from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Craig Hallum reduced their price objective on shares of Health Insurance Innovations from $65.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. ValuEngine lowered shares of Health Insurance Innovations from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. BidaskClub lowered shares of Health Insurance Innovations from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th. Finally, Raymond James reduced their price objective on shares of Health Insurance Innovations from $50.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. Health Insurance Innovations currently has an average rating of “Hold” and a consensus price target of $49.14.

Health Insurance Innovations stock opened at $24.64 on Wednesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.99 and a quick ratio of 0.99. Health Insurance Innovations has a 1-year low of $16.25 and a 1-year high of $46.60. The firm has a market capitalization of $345.57 million, a P/E ratio of 13.39 and a beta of 1.43. The company’s 50-day moving average is $25.42 and its 200 day moving average is $23.40.

Health Insurance Innovations (NASDAQ:HIIQ) last posted its quarterly earnings data on Tuesday, November 12th. The financial services provider reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.52. Health Insurance Innovations had a net margin of 3.44% and a return on equity of 29.83%. The company had revenue of $75.27 million for the quarter, compared to analyst estimates of $91.23 million. During the same period in the prior year, the company posted $0.61 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. Research analysts anticipate that Health Insurance Innovations will post 3.52 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Capital Returns Management LLC grew its stake in Health Insurance Innovations by 148.2% in the 2nd quarter. Capital Returns Management LLC now owns 406,966 shares of the financial services provider’s stock worth $10,549,000 after acquiring an additional 242,981 shares in the last quarter. Jeneq Management LP grew its stake in Health Insurance Innovations by 41.4% in the 2nd quarter. Jeneq Management LP now owns 149,300 shares of the financial services provider’s stock worth $3,870,000 after acquiring an additional 43,700 shares in the last quarter. Advisor Group Inc. grew its stake in Health Insurance Innovations by 8,111.6% in the 2nd quarter. Advisor Group Inc. now owns 16,341 shares of the financial services provider’s stock worth $424,000 after acquiring an additional 16,142 shares in the last quarter. FNY Investment Advisers LLC grew its stake in Health Insurance Innovations by 685.7% in the 3rd quarter. FNY Investment Advisers LLC now owns 2,750 shares of the financial services provider’s stock worth $68,000 after acquiring an additional 2,400 shares in the last quarter. Finally, Tieton Capital Management LLC grew its stake in Health Insurance Innovations by 10.0% in the 2nd quarter. Tieton Capital Management LLC now owns 157,570 shares of the financial services provider’s stock worth $4,084,000 after acquiring an additional 14,320 shares in the last quarter. Institutional investors and hedge funds own 92.81% of the company’s stock.

Health Insurance Innovations Company Profile

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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