Health Insurance Innovations (HIIQ) PT Raised to $75.00 at Lake Street Capital

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Health Insurance Innovations (NASDAQ:HIIQ) had its target price upped by Lake Street Capital from $51.00 to $75.00 in a report published on Tuesday morning, The Fly reports. They currently have a buy rating on the financial services provider’s stock.

A number of other research firms also recently commented on HIIQ. BidaskClub downgraded Health Insurance Innovations from a strong-buy rating to a buy rating in a research report on Thursday, October 4th. B. Riley boosted their target price on Health Insurance Innovations from $45.00 to $56.00 and gave the stock a buy rating in a research report on Tuesday, August 7th. ValuEngine downgraded Health Insurance Innovations from a buy rating to a hold rating in a research report on Saturday, July 14th. Zacks Investment Research upgraded Health Insurance Innovations from a hold rating to a buy rating and set a $36.00 target price on the stock in a research report on Tuesday, July 31st. Finally, Cantor Fitzgerald reiterated a buy rating and set a $60.00 target price on shares of Health Insurance Innovations in a research report on Monday, July 30th. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $55.62.

HIIQ opened at $49.46 on Tuesday. The firm has a market cap of $719.15 million, a price-to-earnings ratio of 41.22 and a beta of 0.54. Health Insurance Innovations has a one year low of $19.40 and a one year high of $63.13.

Health Insurance Innovations (NASDAQ:HIIQ) last posted its earnings results on Monday, October 29th. The financial services provider reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.02. The company had revenue of $74.00 million for the quarter, compared to the consensus estimate of $73.39 million. Health Insurance Innovations had a return on equity of 20.56% and a net margin of 4.89%. Health Insurance Innovations’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.46 earnings per share. As a group, equities analysts predict that Health Insurance Innovations will post 1.97 EPS for the current year.

In other news, CEO of HealthPocket, Inc. division Bruce Telkamp sold 7,517 shares of the business’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $43.20, for a total value of $324,734.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sheldon Wang sold 6,593 shares of the business’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $43.33, for a total value of $285,674.69. The disclosure for this sale can be found here. Insiders own 55.94% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its holdings in shares of Health Insurance Innovations by 6.1% in the second quarter. Renaissance Technologies LLC now owns 1,012,300 shares of the financial services provider’s stock worth $32,748,000 after acquiring an additional 57,800 shares during the last quarter. Cannell Capital LLC raised its holdings in shares of Health Insurance Innovations by 2.1% in the second quarter. Cannell Capital LLC now owns 751,793 shares of the financial services provider’s stock worth $24,321,000 after acquiring an additional 15,700 shares during the last quarter. Ashford Capital Management Inc. raised its holdings in shares of Health Insurance Innovations by 14.5% in the second quarter. Ashford Capital Management Inc. now owns 504,525 shares of the financial services provider’s stock worth $16,321,000 after acquiring an additional 63,943 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Health Insurance Innovations in the second quarter worth $7,759,000. Finally, Peregrine Capital Management LLC acquired a new position in shares of Health Insurance Innovations in the second quarter worth $7,525,000. 87.32% of the stock is owned by institutional investors.

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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Analyst Recommendations for Health Insurance Innovations (NASDAQ:HIIQ)

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