News coverage about Health Insurance Innovations (NASDAQ:HIIQ) has been trending positive recently, AlphaOne Sentiment reports. The research firm, a subsidiary of Accern, identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Health Insurance Innovations earned a media sentiment score of 0.49 on AlphaOne’s scale. AlphaOne also assigned news headlines about the financial services provider an impact score of 62 out of 100, indicating that recent media coverage is somewhat likely to have an impact on the company’s share price in the near future.
Here are some of the headlines that may have impacted AlphaOne Sentiment Analysis’s rankings:
- Health Insurance Innovations Inc (NASDAQ:HIIQ): Stock Institutional Investors Like – Weekly Register (weeklyregister.com)
- Zacks: Analysts Expect Health Insurance Innovations Inc (HIIQ) Will Post Earnings of $0.33 Per Share (americanbankingnews.com)
- Insider Selling: Health Insurance Innovations, Inc. (HIIQ) Insider Sells 5,149 Shares of Stock (americanbankingnews.com)
- Health Insurance Innovations (HIIQ) Gets Craig-Hallum Civerage … – UtahHerald.com (utahherald.com)
- Craig-Hallum Starts Health Insurance Innovations (HIIQ) at Buy – StreetInsider.com (streetinsider.com)
Health Insurance Innovations (NASDAQ:HIIQ) traded up 12.70% during mid-day trading on Friday, reaching $24.85. 918,990 shares of the company were exchanged. The company has a 50 day moving average of $20.83 and a 200-day moving average of $17.76. Health Insurance Innovations has a 1-year low of $3.73 and a 1-year high of $24.85. The company has a market capitalization of $293.65 million, a price-to-earnings ratio of 22.43 and a beta of 0.65.
Health Insurance Innovations (NASDAQ:HIIQ) last issued its earnings results on Wednesday, May 3rd. The financial services provider reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.05. Health Insurance Innovations had a net margin of 4.77% and a return on equity of 20.05%. The company had revenue of $55.87 million for the quarter, compared to the consensus estimate of $54.18 million. On average, equities research analysts forecast that Health Insurance Innovations will post $1.44 EPS for the current year.
Several analysts have recently issued reports on HIIQ shares. TheStreet upgraded shares of Health Insurance Innovations from a “c” rating to a “b-” rating in a research report on Monday, May 22nd. Zacks Investment Research upgraded shares of Health Insurance Innovations from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Friday, June 2nd. Craig Hallum started coverage on shares of Health Insurance Innovations in a research report on Monday, June 12th. They set a “buy” rating and a $28.00 target price on the stock. Canaccord Genuity started coverage on shares of Health Insurance Innovations in a research report on Monday, March 13th. They set a “buy” rating and a $28.00 target price on the stock. Finally, Raymond James Financial, Inc. upgraded shares of Health Insurance Innovations from a “market perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a research report on Thursday, May 4th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $25.33.
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In other news, CEO of HealthPocket and Consumer Division Bruce Telkamp sold 9,750 shares of the business’s stock in a transaction that occurred on Monday, April 17th. The shares were sold at an average price of $15.10, for a total value of $147,225.00. Following the sale, the insider now directly owns 111,251 shares of the company’s stock, valued at approximately $1,679,890.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sheldon Wang sold 5,149 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $21.60, for a total transaction of $111,218.40. Following the completion of the sale, the insider now directly owns 228,751 shares in the company, valued at $4,941,021.60. The disclosure for this sale can be found here. Insiders have sold 148,391 shares of company stock worth $2,847,153 over the last ninety days. 30.00% of the stock is owned by insiders.
About Health Insurance Innovations
Health Insurance Innovations, Inc is a developer, distributor and cloud-based administrator of individual and family health insurance plans (IFPs) and supplemental products, which include short-term medical (STM) insurance plans, and guaranteed-issue and underwritten hospital indemnity plans. The Company also develops, distributes and administers supplemental products, which include a range of additional insurance and non-insurance products, such as pharmacy benefit cards, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans, and life insurance policies that are purchased as supplements to IFP.
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