The stock of Health Insurance Innovations Inc (NASDAQ:HIIQ) is a huge mover today! The stock decreased 2.78% or $0.15 on September 30, hitting $5.25. About 186,100 shares traded hands or 15.51% up from the average. Health Insurance Innovations Inc (NASDAQ:HIIQ) has declined 9.79% since February 29, 2016 and is downtrending. It has underperformed by 20.22% the S&P500.
The move comes after 5 months negative chart setup for the $76.88M company. It was reported on Oct, 1 by Barchart.com. We have $4.67 PT which if reached, will make NASDAQ:HIIQ worth $8.46 million less.
Analysts await Health Insurance Innovations Inc (NASDAQ:HIIQ) to report earnings on November, 14. They expect $0.11 earnings per share, up 37.50% or $0.03 from last year’s $0.08 per share. HIIQ’s profit will be $1.61M for 11.93 P/E if the $0.11 EPS becomes a reality. After $0.27 actual earnings per share reported by Health Insurance Innovations Inc for the previous quarter, Wall Street now forecasts -59.26% negative EPS growth.
Health Insurance Innovations Inc (NASDAQ:HIIQ) Ratings Coverage
Out of 2 analysts covering Health Insurance Innovations Inc (NASDAQ:HIIQ), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Health Insurance Innovations Inc has been the topic of 3 analyst reports since August 13, 2015 according to StockzIntelligence Inc. Lake Street initiated Health Insurance Innovations Inc (NASDAQ:HIIQ) rating on Thursday, September 15. Lake Street has “Buy” rating and $9 price target. The rating was downgraded by Raymond James to “Market Perform” on Thursday, June 9.
According to Zacks Investment Research, “Health Insurance Innovations, Inc. operates as a developer and administrator of web-based individual health insurance plans and ancillary products. Its product portfolio consists of short-term medical plans, accident, sickness & hospital medical plans, ancillary insurance, life insurance, lifestyle and discount services. Health Insurance Innovations, Inc. is based in Tampa, Florida.”
Insitutional Activity: The institutional sentiment increased to 1.55 in Q2 2016. Its up 0.55, from 1 in 2016Q1. The ratio is positive, as 4 funds sold all Health Insurance Innovations Inc shares owned while 7 reduced positions. 13 funds bought stakes while 4 increased positions. They now own 4.10 million shares or 3.53% less from 4.25 million shares in 2016Q1.
Grandeur Peak Global Advsrs has invested 0.27% of its portfolio in Health Insurance Innovations Inc (NASDAQ:HIIQ). Cannell Cap Limited Liability reported 1.17 million shares or 1.87% of all its holdings. The Germany-based Deutsche National Bank & Trust Ag has invested 0% in Health Insurance Innovations Inc (NASDAQ:HIIQ). Raymond James & Assocs has 27,380 shares for 0% of their US portfolio. Springbok Capital Mgmt Limited accumulated 0.03% or 60,657 shares. Geode Management Llc has 0% invested in the company for 26,772 shares. Kcg Hldg holds 0% or 27,174 shares in its portfolio. Vanguard has 0% invested in the company for 349,176 shares. Blackrock Fund Advsrs owns 19,275 shares or 0% of their US portfolio. Morgan Stanley holds 0% of its portfolio in Health Insurance Innovations Inc (NASDAQ:HIIQ) for 2,100 shares. Thompson Davis accumulated 0.04% or 7,000 shares. Prescott Group Inc Inc Capital Mgmt Limited Liability Corp holds 55,828 shares or 0.05% of its portfolio. Huber Ltd Liability Corp owns 735,478 shares or 0.12% of their US portfolio. The Texas-based Shamrock Asset Ltd Liability Com has invested 0% in Health Insurance Innovations Inc (NASDAQ:HIIQ). Cortina Asset Mgmt Ltd Liability reported 669,515 shares or 0.12% of all its holdings.
Insider Transactions: Since April 4, 2016, the stock had 12 insider purchases, and 0 sales for $437,107 net activity. Shares for $3,728 were bought by CANNELL CAPITAL LLC. 1,000 shares were bought by Hershberger Michael D, worth $4,490 on Wednesday, August 10. Another trade for 15,000 shares valued at $67,760 was made by McNamee Patrick on Wednesday, August 10. Denother Josef A. had bought 1,000 shares worth $4,600.
More notable recent Health Insurance Innovations Inc (NASDAQ:HIIQ) news were published by: Marketwatch.com which released: “Health Insurance Innovations Inc. Cl A” on March 04, 2013, also Marketwatch.com with their article: “Health Insurance Innovations drops 20% after downgrade” published on June 09, 2016, Investorplace.com published: “Health Insurance Innovations Inc (HIIQ): Micro-Cap Roars on Earnings Beat” on August 09, 2016. More interesting news about Health Insurance Innovations Inc (NASDAQ:HIIQ) were released by: Zacks.com and their article: “Health Insurance Innovations (HIIQ) Shares March Higher, Can It Continue?” published on September 08, 2016 as well as Globenewswire.com‘s news article titled: “Health Insurance Innovations, Inc. Comments on Recent HHS Proposal and Sees No …” with publication date: June 09, 2016.
HIIQ Company Profile
Health Insurance Innovations, Inc., incorporated on October 26, 2012, is a developer, distributor and virtual administrator of individual and family health insurance plans and supplemental products. The Firm sells individual and family insurance plans (IFP) that include short-term medical (STM) insurance plans and hospital indemnity plans. The Firm operates through Insurance Plan Development and Distribution (IPD) segment. The Company’s products include STM, hospital indemnity plans and supplemental products. The Company’s STM plans cover individuals for over 360 days with a range of co-pay and deductible options. Individual major medical (IMM) plans cover prescription drugs, pre-existing conditions and preventive care, while STM plans provide optional coverage for prescription drugs. The Company’s hospital indemnity plans provide a daily cash benefit for hospital treatment and doctor office visits, as well as accidental injury and death or dismemberment benefits.
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