Equities analysts forecast that Health Insurance Innovations Inc (NASDAQ:HIIQ) will report earnings of $0.31 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Health Insurance Innovations’ earnings, with the lowest EPS estimate coming in at $0.31 and the highest estimate coming in at $0.32. Health Insurance Innovations posted earnings per share of $0.61 during the same quarter last year, which would suggest a negative year-over-year growth rate of 49.2%. The company is expected to issue its next earnings results on Monday, November 4th.
On average, analysts expect that Health Insurance Innovations will report full year earnings of $4.16 per share for the current fiscal year, with EPS estimates ranging from $4.00 to $4.28. For the next year, analysts anticipate that the business will report earnings of $4.77 per share, with EPS estimates ranging from $4.50 to $5.02. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Health Insurance Innovations.
Health Insurance Innovations (NASDAQ:HIIQ) last posted its quarterly earnings data on Monday, August 5th. The financial services provider reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.46. The firm had revenue of $58.36 million during the quarter, compared to the consensus estimate of $76.76 million. Health Insurance Innovations had a return on equity of 29.83% and a net margin of 3.44%. The firm’s revenue was down 18.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.53 EPS.
A number of brokerages have recently issued reports on HIIQ. Zacks Investment Research raised Health Insurance Innovations from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Saturday, August 10th. Lake Street Capital cut their target price on Health Insurance Innovations from $50.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. ValuEngine downgraded Health Insurance Innovations from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Northland Securities reissued a “buy” rating and set a $60.00 target price on shares of Health Insurance Innovations in a research note on Tuesday, May 7th. Finally, BidaskClub downgraded Health Insurance Innovations from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $51.13.
In related news, major shareholder Michael W. Kosloske sold 41,393 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $25.59, for a total value of $1,059,246.87. Following the completion of the transaction, the insider now directly owns 320 shares of the company’s stock, valued at approximately $8,188.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Michael W. Kosloske sold 51,160 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $26.32, for a total value of $1,346,531.20. Following the completion of the transaction, the insider now directly owns 320 shares of the company’s stock, valued at $8,422.40. The disclosure for this sale can be found here. Insiders sold a total of 327,691 shares of company stock valued at $8,504,415 over the last ninety days. 47.88% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HIIQ. CenterStar Asset Management LLC purchased a new position in Health Insurance Innovations in the 2nd quarter valued at approximately $27,000. Aperio Group LLC purchased a new position in Health Insurance Innovations in the 2nd quarter valued at approximately $29,000. BNP Paribas Arbitrage SA increased its stake in Health Insurance Innovations by 8,309.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,691 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 2,659 shares in the last quarter. Macquarie Group Ltd. increased its stake in Health Insurance Innovations by 196.3% in the 4th quarter. Macquarie Group Ltd. now owns 3,556 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 2,356 shares in the last quarter. Finally, OLD Second National Bank of Aurora increased its stake in Health Insurance Innovations by 44.9% in the 2nd quarter. OLD Second National Bank of Aurora now owns 3,741 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 1,159 shares in the last quarter.
HIIQ traded down $0.13 on Monday, hitting $17.54. 514,100 shares of the company traded hands, compared to its average volume of 798,782. The stock has a market capitalization of $242.48 million, a PE ratio of 8.18 and a beta of 1.30. The company has a 50 day moving average of $22.49 and a 200-day moving average of $28.05. Health Insurance Innovations has a 12-month low of $16.70 and a 12-month high of $63.13. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.45.
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 provide 3 months to 12 months of health insurance coverage with various deductible and copay levels; health benefit insurance plans, which offer fixed cash benefits and additional benefits for procedures and services; and supplemental insurance products, including life insurance policies, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans, and pharmacy benefit cards.
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