What Next for Health Insurance Innovations Inc (HIIQ) Stock After Making 52-Week High?

August 3, 2017 - By Vivian Currie

Investors sentiment increased to 1.47 in 2016 Q4. Its up 0.24, from 1.23 in 2016Q3. It is positive, as 10 investors sold Health Insurance Innovations Inc shares while 9 reduced holdings. 20 funds opened positions while 8 raised stakes. 3.83 million shares or 9.31% more from 3.50 million shares in 2016Q3 were reported.
Driehaus Capital Ltd Liability Corp holds 0.12% of its portfolio in Health Insurance Innovations Inc (NASDAQ:HIIQ) for 188,690 shares. Clarivest Asset Ltd Liability Corp invested 0.01% of its portfolio in Health Insurance Innovations Inc (NASDAQ:HIIQ). Columbia Prns L L C Investment holds 0.29% or 182,152 shares in its portfolio. Bridgeway Mngmt Incorporated stated it has 0.04% in Health Insurance Innovations Inc (NASDAQ:HIIQ). Granite Point Management Limited Partnership reported 1.42% in Health Insurance Innovations Inc (NASDAQ:HIIQ). Tower Rech Capital Limited Com (Trc), a New York-based fund reported 723 shares. Blackrock Inv Mngmt Ltd stated it has 0% of its portfolio in Health Insurance Innovations Inc (NASDAQ:HIIQ). California Employees Retirement Sys reported 25,000 shares. Blackrock Fund Advisors invested in 0% or 27,660 shares. Prelude Capital Limited Liability holds 65,052 shares or 0.14% of its portfolio. Wells Fargo & Mn holds 0% or 11,144 shares. 19,450 were reported by Thompson Davis & Com Inc. Morgan Stanley, a New York-based fund reported 20,694 shares. Vanguard Grp accumulated 211,386 shares or 0% of the stock. Suntrust Banks invested in 26,971 shares or 0% of the stock.

Since February 13, 2017, it had 1 buying transaction, and 21 insider sales for $43.44 million activity. 7,560 Health Insurance Innovations Inc (NASDAQ:HIIQ) shares with value of $126,818 were sold by Wang Sheldon. Another trade for 8,014 shares valued at $181,116 was made by Telkamp Bruce on Thursday, June 1. 3.00 million shares were sold by Kosloske Michael W, worth $39.48M on Monday, March 13. The insider Murley Robert S bought $140,770.

The stock of Health Insurance Innovations Inc (NASDAQ:HIIQ) hit a new 52-week high and has $31.08 target or 5.00 % above today’s $29.60 share price. The 8 months bullish chart indicates low risk for the $467.38 million company. The 1-year high was reported on Aug, 3 by Barchart.com. If the $31.08 price target is reached, the company will be worth $23.37M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 612,315 shares traded or 31.51% up from the average. Health Insurance Innovations Inc (NASDAQ:HIIQ) has risen 227.83% since August 3, 2016 and is uptrending. It has outperformed by 211.13% the S&P500.

Analysts await Health Insurance Innovations Inc (NASDAQ:HIIQ) to report earnings on August, 14. They expect $0.33 earnings per share, up 22.22 % or $0.06 from last year’s $0.27 per share. HIIQ’s profit will be $5.21 million for 22.42 P/E if the $0.33 EPS becomes a reality. After $0.36 actual earnings per share reported by Health Insurance Innovations Inc for the previous quarter, Wall Street now forecasts -8.33 % negative EPS growth.

Health Insurance Innovations Inc (NASDAQ:HIIQ) Ratings Coverage

Among 6 analysts covering Health Insurance Innovations Inc (NASDAQ:HIIQ), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Health Insurance Innovations Inc had 14 analyst reports since August 13, 2015 according to SRatingsIntel. The firm earned “Market Perform” rating on Monday, June 26 by Raymond James. On Friday, December 30 the stock rating was maintained by Lake Street with “Buy”. The rating was downgraded by Raymond James on Thursday, June 9 to “Market Perform”. Canaccord Genuity maintained it with “Buy” rating and $3000 target in Friday, July 28 report. The stock has “Buy” rating by Canaccord Genuity on Wednesday, July 12. The firm has “Buy” rating by Northland Capital given on Wednesday, August 2. The rating was initiated by Lake Street on Thursday, September 15 with “Buy”. Northland Capital maintained it with “Buy” rating and $2700 target in Friday, June 30 report. The rating was maintained by Cantor Fitzgerald on Monday, July 17 with “Buy”. The rating was maintained by Craig Hallum with “Buy” on Thursday, August 3.

More notable recent Health Insurance Innovations Inc (NASDAQ:HIIQ) news were published by: Nasdaq.com which released: “Health Insurance Innovations, Inc. Reports Record Second Quarter 2017 …” on August 02, 2017, also Globenewswire.com with their article: “Health Insurance Innovations, Inc. to Present at B. Riley & Co.’s 18th Annual …” published on May 24, 2017, Nasdaq.com published: “Health Insurance Innovations, Inc. (Nasdaq: HIIQ) to Ring The Nasdaq Stock …” on July 25, 2017. More interesting news about Health Insurance Innovations Inc (NASDAQ:HIIQ) were released by: Nasdaq.com and their article: “Health Insurance Innovations, Inc. To Announce Second Quarter 2017 Financial …” published on July 19, 2017 as well as Benzinga.com‘s news article titled: “20 Biggest Mid-Day Gainers For Thursday” with publication date: August 03, 2017.

Health Insurance Innovations, Inc. is a developer, distributor and cloud administrator of individual and family health insurance plans and supplemental products, which include short-term medical (STM) insurance plans, and guaranteed-issue and underwritten hospital indemnity plans. The company has market cap of $467.38 million. The Firm 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. It has a 28.27 P/E ratio. The Company’s STM plans are provided up to six months, 11 months, or 364 days of health insurance coverage with a range of deductible and copay levels.

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