Brokerages expect that Health Insurance Innovations Inc (NASDAQ:HIIQ) will announce sales of $71.18 million for the current quarter, according to Zacks. Three analysts have made estimates for Health Insurance Innovations’ earnings. The lowest sales estimate is $71.09 million and the highest is $71.34 million. Health Insurance Innovations reported sales of $61.78 million in the same quarter last year, which indicates a positive year over year growth rate of 15.2%. The company is scheduled to report its next quarterly earnings report on Wednesday, August 1st.
According to Zacks, analysts expect that Health Insurance Innovations will report full-year sales of $295.10 million for the current financial year, with estimates ranging from $289.90 million to $297.90 million. For the next year, analysts forecast that the business will report sales of $328.82 million per share, with estimates ranging from $327.30 million to $330.34 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Health Insurance Innovations.
Health Insurance Innovations (NASDAQ:HIIQ) last announced its quarterly earnings data on Wednesday, May 2nd. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. The company had revenue of $67.80 million for the quarter, compared to the consensus estimate of $68.53 million. Health Insurance Innovations had a return on equity of 20.15% and a net margin of 6.17%. The firm’s revenue was up 21.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 EPS.
A number of research analysts have recently issued reports on the company. ValuEngine downgraded Health Insurance Innovations from a “buy” rating to a “hold” rating in a research note on Wednesday, June 27th. Cantor Fitzgerald reissued a “buy” rating on shares of Health Insurance Innovations in a research note on Friday, June 8th. BidaskClub raised Health Insurance Innovations from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 5th. Finally, Zacks Investment Research downgraded Health Insurance Innovations from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Health Insurance Innovations has an average rating of “Buy” and an average price target of $42.62.
Shares of Health Insurance Innovations opened at $34.50 on Friday, MarketBeat reports. The stock has a market capitalization of $558.81 million, a PE ratio of 28.67 and a beta of 0.56. Health Insurance Innovations has a 1 year low of $12.65 and a 1 year high of $37.38.
In related news, Director John Fichthorn acquired 11,162 shares of the firm’s stock in a transaction on Tuesday, June 19th. The stock was purchased at an average cost of $33.95 per share, with a total value of $378,949.90. Following the acquisition, the director now owns 7,608 shares of the company’s stock, valued at approximately $258,291.60. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael W. Kosloske sold 1,300,000 shares of the business’s stock in a transaction that occurred on Thursday, June 7th. The stock was sold at an average price of $31.00, for a total value of $40,300,000.00. Following the sale, the insider now directly owns 100 shares of the company’s stock, valued at $3,100. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 19,759 shares of company stock worth $611,607. 55.94% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Lyon Street Capital LLC increased its holdings in Health Insurance Innovations by 55.2% during the 4th quarter. Lyon Street Capital LLC now owns 1,453,484 shares of the financial services provider’s stock worth $36,264,000 after purchasing an additional 516,737 shares in the last quarter. BlackRock Inc. increased its holdings in Health Insurance Innovations by 0.5% during the 4th quarter. BlackRock Inc. now owns 823,596 shares of the financial services provider’s stock worth $20,548,000 after purchasing an additional 4,154 shares in the last quarter. P2 Capital Partners LLC bought a new stake in Health Insurance Innovations during the 1st quarter worth approximately $18,352,000. Harvest Capital Strategies LLC increased its holdings in Health Insurance Innovations by 9.0% during the 1st quarter. Harvest Capital Strategies LLC now owns 350,000 shares of the financial services provider’s stock worth $10,115,000 after purchasing an additional 28,850 shares in the last quarter. Finally, Tenzing Global Management LLC increased its holdings in Health Insurance Innovations by 346.4% during the 4th quarter. Tenzing Global Management LLC now owns 312,500 shares of the financial services provider’s stock worth $7,797,000 after purchasing an additional 242,500 shares in the last quarter. 76.27% of the stock is owned by hedge funds and other institutional investors.
About Health Insurance Innovations
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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