Health Insurance Innovations Inc (NASDAQ:HIIQ) major shareholder Michael W. Kosloske sold 6,250 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $19.14, for a total value of $119,625.00. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
HIIQ opened at $19.33 on Friday. Health Insurance Innovations Inc has a twelve month low of $15.95 and a twelve month high of $46.60. The company has a fifty day moving average of $22.91 and a 200-day moving average of $23.02. The stock has a market cap of $274.72 million, a PE ratio of 10.51 and a beta of 1.38. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.36.
Health Insurance Innovations (NASDAQ:HIIQ) last released its earnings results on Tuesday, November 12th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.52. The business had revenue of $75.27 million for the quarter, compared to analyst estimates of $91.23 million. Health Insurance Innovations had a net margin of 3.93% and a return on equity of 29.73%. Health Insurance Innovations’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 earnings per share. Sell-side analysts anticipate that Health Insurance Innovations Inc will post 3.49 EPS for the current fiscal year.
A number of equities research analysts have commented on the company. BidaskClub upgraded Health Insurance Innovations from a “strong sell” rating to a “sell” rating in a research report on Saturday, November 30th. Zacks Investment Research raised Health Insurance Innovations from a “sell” rating to a “hold” rating in a research note on Tuesday, November 19th. Lake Street Capital restated a “buy” rating and set a $50.00 price objective (up from $40.00) on shares of Health Insurance Innovations in a research report on Wednesday, November 13th. Raymond James lowered Health Insurance Innovations from an “outperform” rating to a “market perform” rating in a research note on Monday, November 18th. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $80.00 target price on shares of Health Insurance Innovations in a report on Tuesday, November 26th. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $49.86.
Hedge funds have recently bought and sold shares of the company. CenterStar Asset Management LLC acquired a new position in shares of Health Insurance Innovations in the 2nd quarter valued at about $27,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in Health Insurance Innovations during the third quarter worth approximately $27,000. Aperio Group LLC bought a new stake in Health Insurance Innovations in the second quarter worth approximately $29,000. Tower Research Capital LLC TRC increased its holdings in Health Insurance Innovations by 373.5% in the third quarter. Tower Research Capital LLC TRC now owns 1,340 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 1,057 shares in the last quarter. Finally, FNY Investment Advisers LLC lifted its stake in Health Insurance Innovations by 685.7% in the third quarter. FNY Investment Advisers LLC now owns 2,750 shares of the financial services provider’s stock valued at $68,000 after buying an additional 2,400 shares during the period. 85.44% 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 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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