Somewhat Positive News Coverage Very Unlikely to Impact Health Insurance Innovations (HIIQ) Share Price

News articles about Health Insurance Innovations (NASDAQ:HIIQ) have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Health Insurance Innovations earned a news impact score of 2.00 on their scale. InfoTrie also gave headlines about the financial services provider an news buzz score of 2 out of 10, meaning that recent news coverage is very unlikely to have an impact on the stock’s share price in the next several days.

NASDAQ:HIIQ traded up $2.20 during mid-day trading on Friday, hitting $23.76. The company had a trading volume of 1,096,001 shares, compared to its average volume of 942,011. Health Insurance Innovations has a 1 year low of $21.19 and a 1 year high of $63.13. The firm has a market capitalization of $409.05 million, a PE ratio of 12.91 and a beta of 1.62.

Health Insurance Innovations (NASDAQ:HIIQ) last released its quarterly earnings data on Wednesday, March 6th. The financial services provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.77 by $0.21. Health Insurance Innovations had a return on equity of 28.34% and a net margin of 4.49%. The company had revenue of $131.90 million for the quarter, compared to analyst estimates of $83.12 million. During the same period last year, the company posted $0.37 earnings per share. The firm’s revenue was up 89.8% compared to the same quarter last year. On average, research analysts predict that Health Insurance Innovations will post 2.67 EPS for the current fiscal year.

Several brokerages recently weighed in on HIIQ. BidaskClub raised Health Insurance Innovations from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 22nd. B. Riley lowered Health Insurance Innovations from a “buy” rating to a “neutral” rating and cut their target price for the stock from $50.00 to $45.00 in a research report on Wednesday, February 27th. Zacks Investment Research lowered Health Insurance Innovations from a “buy” rating to a “hold” rating in a research report on Friday, March 8th. ValuEngine raised Health Insurance Innovations from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. Finally, Lake Street Capital increased their target price on Health Insurance Innovations to $80.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $60.13.

In other news, CFO Michael D. Hershberger sold 1,074 shares of the firm’s stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $40.00, for a total transaction of $42,960.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Fichthorn bought 93,742 shares of the stock in a transaction dated Wednesday, March 20th. The shares were acquired at an average price of $29.28 per share, with a total value of $2,744,765.76. Following the completion of the purchase, the director now directly owns 72,869 shares of the company’s stock, valued at $2,133,604.32. The disclosure for this purchase can be found here. Insiders sold 107,666 shares of company stock worth $4,339,589 over the last three months. 47.88% of the stock is currently owned by corporate insiders.

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Health Insurance Innovations Company Profile

Health Insurance Innovations, Inc operates as a cloud-based technology platform and distributor of individual and family health insurance plans, and supplemental products in the United States. It offers short-term medical plans that provide 3 months to 12 months of health insurance coverage with various deductible and copay levels; health benefit insurance plans, which offer fixed cash benefits and additional benefits for procedures and services; and supplemental insurance products, including life insurance policies, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans, and pharmacy benefit cards.

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