Health Insurance Innovations (NASDAQ:HIIQ) had its target price boosted by Lake Street Capital from $51.00 to $75.00 in a report published on Tuesday, October 30th, MarketBeat reports. They currently have a buy rating on the financial services provider’s stock.
Several other analysts also recently issued reports on HIIQ. ValuEngine upgraded Health Insurance Innovations from a hold rating to a buy rating in a research note on Thursday, July 5th. Cantor Fitzgerald restated a buy rating and set a $60.00 target price on shares of Health Insurance Innovations in a research note on Monday, July 30th. Zacks Investment Research upgraded Health Insurance Innovations from a hold rating to a buy rating and set a $36.00 target price for the company in a research note on Tuesday, July 31st. Canaccord Genuity restated a buy rating and set a $62.00 target price (up previously from $55.00) on shares of Health Insurance Innovations in a research note on Thursday, August 2nd. Finally, B. Riley increased their target price on Health Insurance Innovations from $45.00 to $56.00 and gave the company a buy rating in a research note on Tuesday, August 7th. One equities research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $55.62.
HIIQ stock traded up $0.58 during mid-day trading on Tuesday, hitting $35.07. The stock had a trading volume of 751,527 shares, compared to its average volume of 868,278. Health Insurance Innovations has a 1-year low of $20.30 and a 1-year high of $63.13. The firm has a market cap of $584.47 million, a P/E ratio of 29.23 and a beta of 0.93.
Health Insurance Innovations (NASDAQ:HIIQ) last issued its earnings results on Monday, October 29th. The financial services provider reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.02. The company had revenue of $74.00 million for the quarter, compared to analyst estimates of $73.39 million. Health Insurance Innovations had a return on equity of 20.81% and a net margin of 4.89%. The business’s revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 EPS. As a group, sell-side analysts forecast that Health Insurance Innovations will post 1.93 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the company. Harvest Fund Management Co. Ltd acquired a new position in shares of Health Insurance Innovations in the 3rd quarter worth approximately $119,000. Sawtooth Solutions LLC acquired a new position in shares of Health Insurance Innovations in the 3rd quarter worth approximately $211,000. Ibex Investors LLC acquired a new position in shares of Health Insurance Innovations in the 3rd quarter worth approximately $218,000. Cim LLC acquired a new position in shares of Health Insurance Innovations in the 3rd quarter worth approximately $246,000. Finally, B. Riley Wealth Management Inc. acquired a new position in shares of Health Insurance Innovations in the 3rd quarter worth approximately $294,000. 89.13% of the stock is owned by institutional investors and hedge funds.
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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