Health Insurance Innovations (HIIQ) Rating Lowered to Hold at BidaskClub

BidaskClub downgraded shares of Health Insurance Innovations (NASDAQ:HIIQ) from a buy rating to a hold rating in a report published on Saturday.

A number of other brokerages have also recently commented on HIIQ. Zacks Investment Research upgraded Health Insurance Innovations from a hold rating to a buy rating and set a $31.00 price target for the company in a research note on Thursday, January 25th. ValuEngine upgraded Health Insurance Innovations from a hold rating to a buy rating in a research note on Friday, February 2nd. Canaccord Genuity reiterated a buy rating and issued a $39.00 price target on shares of Health Insurance Innovations in a research note on Friday, December 22nd. Cantor Fitzgerald reiterated a buy rating and issued a $38.00 price target on shares of Health Insurance Innovations in a research note on Tuesday, December 12th. Finally, Northland Securities reiterated a buy rating and issued a $37.00 price target on shares of Health Insurance Innovations in a research note on Tuesday, October 17th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $33.71.

Health Insurance Innovations (NASDAQ HIIQ) opened at $24.65 on Friday. Health Insurance Innovations has a 12 month low of $12.65 and a 12 month high of $37.38. The company has a market capitalization of $407.78, a price-to-earnings ratio of 20.20 and a beta of 0.62.

In related news, insider Sheldon Wang sold 11,232 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $25.00, for a total value of $280,800.00. Following the completion of the sale, the insider now directly owns 137,769 shares in the company, valued at $3,444,225. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert S. Murley acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The stock was bought at an average price of $22.50 per share, with a total value of $112,500.00. Following the completion of the acquisition, the director now directly owns 39,734 shares of the company’s stock, valued at $894,015. The disclosure for this purchase can be found here. Insiders sold 62,464 shares of company stock valued at $1,605,100 over the last 90 days. 30.00% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of HIIQ. Schwab Charles Investment Management Inc. acquired a new stake in Health Insurance Innovations in the second quarter valued at $440,000. Bank of New York Mellon Corp increased its holdings in Health Insurance Innovations by 179.0% in the second quarter. Bank of New York Mellon Corp now owns 34,233 shares of the financial services provider’s stock valued at $805,000 after purchasing an additional 21,963 shares during the period. Wells Fargo & Company MN increased its holdings in Health Insurance Innovations by 1,292.6% in the second quarter. Wells Fargo & Company MN now owns 13,926 shares of the financial services provider’s stock valued at $327,000 after purchasing an additional 12,926 shares during the period. Alliancebernstein L.P. acquired a new stake in Health Insurance Innovations in the second quarter valued at $240,000. Finally, Teachers Advisors LLC acquired a new stake in Health Insurance Innovations during the 2nd quarter worth about $475,000. Institutional investors and hedge funds own 64.05% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Health Insurance Innovations (HIIQ) Rating Lowered to Hold at BidaskClub” was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this news story on another website, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this news story can be accessed at https://www.dispatchtribunal.com/2018/02/14/health-insurance-innovations-hiiq-rating-lowered-to-hold-at-bidaskclub.html.

Health Insurance Innovations Company Profile

Health Insurance Innovations, Inc is a developer, distributor and cloud-based administrator of individual and family health insurance plans (IFPs) and supplemental products, which include short-term medical (STM) insurance plans, and guaranteed-issue and underwritten hospital indemnity plans. The Company 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.

Analyst Recommendations for Health Insurance Innovations (NASDAQ:HIIQ)

Receive News & Ratings for Health Insurance Innovations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Health Insurance Innovations and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply