News headlines about Health Insurance Innovations (NASDAQ:HIIQ) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Health Insurance Innovations earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 45.7455791693466 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern’s rankings:
- $0.60 Earnings Per Share Expected for Health Insurance Innovations (HIIQ) This Quarter (americanbankingnews.com)
- Head-To-Head Analysis: Health Insurance Innovations (HIIQ) vs. Fanhua (FANH) (americanbankingnews.com)
- P2 Capital reports 7.5% stake in Health Insurance Innovations (seekingalpha.com)
- Contrasting CorVel (CRVL) and Health Insurance Innovations (HIIQ) (americanbankingnews.com)
- Health Insurance Innovations, Inc. (HIIQ)- Price to Sales (P/S) Ratio under Consideration (nasdaqfortune.com)
HIIQ has been the topic of a number of analyst reports. Zacks Investment Research upgraded Health Insurance Innovations from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Thursday, January 25th. Craig Hallum reiterated a “buy” rating and set a $45.00 target price (up previously from $38.00) on shares of Health Insurance Innovations in a report on Thursday, March 1st. ValuEngine cut Health Insurance Innovations from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Raymond James upgraded Health Insurance Innovations from a “market perform” rating to an “outperform” rating and set a $34.60 target price on the stock in a report on Thursday, March 1st. Finally, B. Riley initiated coverage on Health Insurance Innovations in a report on Tuesday, February 13th. They set a “buy” rating and a $38.00 price objective on the stock. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $42.62.
Health Insurance Innovations (NASDAQ:HIIQ) last posted its quarterly earnings data on Wednesday, May 2nd. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.02. The business had revenue of $67.80 million for the quarter, compared to analysts’ expectations of $68.53 million. Health Insurance Innovations had a return on equity of 20.15% and a net margin of 6.17%. The business’s revenue was up 21.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 earnings per share. sell-side analysts forecast that Health Insurance Innovations will post 2.02 EPS for the current year.
In related news, CTO Sheldon Wang sold 5,000 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $31.80, for a total value of $159,000.00. Following the transaction, the chief technology officer now directly owns 74,001 shares of the company’s stock, valued at approximately $2,353,231.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Anthony Barkett acquired 5,512 shares of the business’s stock in a transaction on Tuesday, December 11th. The stock was bought at an average cost of $6.40 per share, for a total transaction of $35,276.80. Following the completion of the transaction, the director now directly owns 6,512 shares of the company’s stock, valued at $41,676.80. The disclosure for this purchase can be found here. Insiders purchased a total of 27,683 shares of company stock worth $566,562 over the last ninety days. Corporate insiders own 55.94% of the company’s stock.
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 provides three months of health insurance coverage with various deductible and copay levels; health benefit insurance plans, which offer daily cash benefit for hospital treatment and doctor office visits, as well as accidental injury and death or dismemberment benefits; and supplemental insurance products, including pharmacy benefit cards, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans, and life insurance policies.
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