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

June 19, 2017 - By Michael Collier

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.
Art Advsr Limited stated it has 0.05% of its portfolio in Health Insurance Innovations Inc (NASDAQ:HIIQ). Deutsche Bank Ag holds 187,454 shares. Driehaus Lc holds 0.12% of its portfolio in Health Insurance Innovations Inc (NASDAQ:HIIQ) for 188,690 shares. Jacobs Levy Equity Mgmt Inc stated it has 25,773 shares. Granite Point Management L P has 1.42% invested in Health Insurance Innovations Inc (NASDAQ:HIIQ). Texas-based Bridgeway Cap has invested 0.04% in Health Insurance Innovations Inc (NASDAQ:HIIQ). New York-based Engineers Gate Manager L P has invested 0.05% in Health Insurance Innovations Inc (NASDAQ:HIIQ). Suntrust Banks invested in 26,971 shares or 0% of the stock. California Employees Retirement Sys invested 0% of its portfolio in Health Insurance Innovations Inc (NASDAQ:HIIQ). Thompson Davis And Inc invested in 19,450 shares or 0.57% of the stock. Bogle Investment Limited Partnership De has invested 0.26% in Health Insurance Innovations Inc (NASDAQ:HIIQ). Navellier Assoc Inc owns 24,678 shares. Morgan Stanley has 20,694 shares for 0% of their portfolio. Comml Bank Of Ny Mellon holds 0% or 11,004 shares. Northern Corporation invested 0% of its portfolio in Health Insurance Innovations Inc (NASDAQ:HIIQ).

Since January 19, 2017, it had 1 buying transaction, and 22 sales for $50.79 million activity. 15,000 shares were sold by Hershberger Michael D, worth $305,585 on Tuesday, May 9. 7,000 shares were bought by Murley Robert S, worth $140,770. On Thursday, May 11 the insider Telkamp Bruce sold $411,238. On Monday, June 12 the insider Wang Sheldon sold $111,218. 3.00M Health Insurance Innovations Inc (NASDAQ:HIIQ) shares with value of $39.48 million were sold by Kosloske Michael W. On Thursday, January 19 the insider CANNELL CAPITAL LLC sold $7.35M.

The stock of Health Insurance Innovations Inc (NASDAQ:HIIQ) hit a new 52-week high and has $24.49 target or 4.00 % above today’s $23.55 share price. The 8 months bullish chart indicates low risk for the $419.07M company. The 1-year high was reported on Jun, 19 by Barchart.com. If the $24.49 price target is reached, the company will be worth $16.76 million 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 221,775 shares traded. Health Insurance Innovations Inc (NASDAQ:HIIQ) has risen 227.83% since June 19, 2016 and is uptrending. It has outperformed by 211.13% the S&P500.

Investors wait Health Insurance Innovations Inc (NASDAQ:HIIQ) to report on August, 14. its quarterly earnings Wall Street analysts expect $0.36 earnings per share, up $0.09 or 33.33 % from last year’s $0.27 same quarter earnings. This translates into $6.40M profit for HIIQ giving the stock a 16.42 P/E. This is assuming the current $0.36 EPS is accurate. Health Insurance Innovations Inc’s Wall Street analysts see 0.00 % EPS growth, taking into account the $0.36 EPS reproted in the previous quarter,

Health Insurance Innovations Inc (NASDAQ:HIIQ) Ratings Coverage

Among 4 analysts covering Health Insurance Innovations Inc (NASDAQ:HIIQ), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Health Insurance Innovations Inc had 6 analyst reports since August 13, 2015 according to SRatingsIntel. The company was downgraded on Thursday, June 9 by Raymond James. Lake Street initiated it with “Buy” rating and $9 target in Thursday, September 15 report. Lake Street maintained it with “Buy” rating and $20 target in Friday, December 30 report.

More notable recent Health Insurance Innovations Inc (NASDAQ:HIIQ) news were published by: Seekingalpha.com which released: “Health Insurance Innovations’ (HIIQ) CEO Gavin Southwell on Q4 2016 Results …” on March 02, 2017, also Globenewswire.com with their article: “Health Insurance Innovations, Inc. To Announce First Quarter 2017 Financial …” published on April 24, 2017, Globenewswire.com published: “Health Insurance Innovations, Inc. Reports Record First Quarter 2017 Financial …” on May 03, 2017. More interesting news about Health Insurance Innovations Inc (NASDAQ:HIIQ) were released by: Zacks.com and their article: “Health Insurance Innovations (HIIQ) Jumps: Stock Up 12.7%” published on June 19, 2017 as well as Reuters.com‘s news article titled: “BRIEF-Health Insurance Innovations reports Q1 GAAP earnings per share $0.58” with publication date: May 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 $419.07 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 22.49 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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