Market Runner: What Next for Health Insurance Innovations Inc Stock After Today’s Big Increase?

Market Runner: What Next for Health Insurance Innovations Inc Stock After Today's Big Increase?

The stock of Health Insurance Innovations Inc (NASDAQ:HIIQ) is a huge mover today! About 289,403 shares traded hands or 80.28% up from the average. Health Insurance Innovations Inc (NASDAQ:HIIQ) has declined 9.16% since March 7, 2016 and is downtrending. It has underperformed by 16.76% the S&P500.
The move comes after 6 months positive chart setup for the $87.89M company. It was reported on Oct, 10 by Barchart.com. We have $12.07 PT which if reached, will make NASDAQ:HIIQ worth $92.28M more.

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 $1.64 million for 13.39 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) on Thursday, September 15 with “Buy” rating. The rating was downgraded by Raymond James on Thursday, June 9 to “Market Perform”.

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.
Moreover, Huber Cap Mgmt Lc has 0.12% invested in Health Insurance Innovations Inc (NASDAQ:HIIQ) for 735,478 shares. Geode Cap Management Ltd Liability owns 26,772 shares or 0% of their US portfolio. Morgan Stanley holds 0% or 2,100 shares in its portfolio. The California-based Blackrock Fund has invested 0% in Health Insurance Innovations Inc (NASDAQ:HIIQ). Grandeur Peak Advisors Ltd Liability Corp holds 218,936 shares or 0.27% of its portfolio. Kcg Holdg reported 27,174 shares or 0% of all its holdings. Art Advsrs Limited Liability Co holds 0% or 13,804 shares in its portfolio. Oxford Asset Management last reported 0.01% of its portfolio in the stock. Deutsche National Bank Ag last reported 36,800 shares in the company. The New York-based Springbok Mngmt Limited Co has invested 0.03% in Health Insurance Innovations Inc (NASDAQ:HIIQ). Cannell Cap Limited Liability Corporation holds 1.87% or 1.17M shares in its portfolio. Blackrock Investment Ltd Company owns 1,151 shares or 0% of their US portfolio. California Pub Employees Retirement has 0% invested in the company for 121,600 shares. The New Jersey-based Jacobs Levy Equity Management has invested 0% in Health Insurance Innovations Inc (NASDAQ:HIIQ). Royal National Bank Of Canada owns 32,266 shares or 0% of their US portfolio.

Insider Transactions: Since April 12, 2016, the stock had 11 buys, and 0 insider sales for $415,254 net activity. 3,810 Health Insurance Innovations Inc (NASDAQ:HIIQ) shares with value of $21,853 were bought by CANNELL CAPITAL LLC. Denother Josef A. bought $4,600 worth of stock or 1,000 shares. 15,000 Health Insurance Innovations Inc (NASDAQ:HIIQ) shares with value of $67,760 were bought by McNamee Patrick. Another trade for 1,000 shares valued at $4,490 was made by Hershberger Michael D on Wednesday, August 10.

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: Globenewswire.com and their article: “Health Insurance Innovations, Inc. Comments on Recent HHS Proposal and Sees No …” published on June 09, 2016 as well as Globenewswire.com‘s news article titled: “Health Insurance Innovations, Inc. Reports Record First Quarter 2016 Financial …” with publication date: May 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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