A number of firms have modified their ratings and price targets on shares of Health Insurance Innovations (NASDAQ: HIIQ) recently:

  • 11/1/2017 – Health Insurance Innovations had its “buy” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $38.00 price target on the stock. They wrote, “3Q17 results were solid. HIIQ reported strong 3Q17 results with revenue and EPS above FactSet consensus expectations and our estimates. Revenue of $63.3 million (+37.4% y/y) was above FactSet consensus of $58.3 million and our estimate of $62.8 million. Revenue growth was primarily driven by an increase in policies in force. In the quarter, HIIQ has seen a sales mix shift to more Health Benefits Plans. Adjusted EBITDA of 20.3% expanded 270bps, reflecting inherent leverage in the model. Adjusted EPS was $0.46 vs. FactSet consensus of $0.39 and our estimate of $0.45.””
  • 10/17/2017 – Health Insurance Innovations was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $24.00 price target on the stock. According to Zacks, “Health Insurance Innovations, Inc. operates as a developer and administrator of web-based individual health insurance plans and ancillary products. Its product portfolio consists of short-term medical plans, accident, sickness & hospital medical plans, ancillary insurance, life insurance, lifestyle and discount services. Health Insurance Innovations, Inc. is based in Tampa, Florida. “
  • 10/17/2017 – Health Insurance Innovations had its “buy” rating reaffirmed by analysts at Northland Securities. They now have a $37.00 price target on the stock.
  • 10/16/2017 – Health Insurance Innovations had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $39.00 price target on the stock. They wrote, “Date and time of first dissemination: October 16, 2017, 09:40 ET Date and time of production: October 16, 2017, 09:40 ET Target Price / Valuation Methodology: Health Insurance Innovations – HIIQ Our $39 PT is based on an 12.6x target multiple on our 2018 adj. EBITDA estimate. Our target multiple is a 25% discount to a peer group of non-provider health and insurance related technology companies.””
  • 10/11/2017 – Health Insurance Innovations was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Health Insurance Innovations, Inc. operates as a developer and administrator of web-based individual health insurance plans and ancillary products. Its product portfolio consists of short-term medical plans, accident, sickness & hospital medical plans, ancillary insurance, life insurance, lifestyle and discount services. Health Insurance Innovations, Inc. is based in Tampa, Florida. “
  • 10/2/2017 – Health Insurance Innovations was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 9/28/2017 – Health Insurance Innovations was downgraded by analysts at TheStreet from a “b-” rating to a “c” rating.
  • 9/25/2017 – Health Insurance Innovations had its “buy” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $38.00 price target on the stock. They wrote, “This morning, HIIQ filed an 8-K which indicates, in our opinion, an improving regulatory outlook.””
  • 9/13/2017 – Health Insurance Innovations had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $39.00 price target on the stock.
  • 9/12/2017 – Health Insurance Innovations had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $38.00 price target on the stock.

Health Insurance Innovations (NASDAQ:HIIQ) last issued its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.11. The firm had revenue of $63.34 million for the quarter, compared to analysts’ expectations of $59.30 million. Health Insurance Innovations had a net margin of 5.98% and a return on equity of 22.26%. The company’s quarterly revenue was up 37.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 earnings per share.

In other news, CEO of HealthPocket Bruce Telkamp sold 9,970 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $36.19, for a total transaction of $360,814.30. Following the transaction, the insider now directly owns 19,500 shares in the company, valued at $705,705. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert S. Murley bought 3,000 shares of Health Insurance Innovations stock in a transaction dated Friday, September 1st. The shares were bought at an average price of $30.21 per share, for a total transaction of $90,630.00. Following the completion of the transaction, the director now directly owns 34,734 shares of the company’s stock, valued at approximately $1,049,314.14. The disclosure for this purchase can be found here. Insiders have sold 60,077 shares of company stock worth $1,945,858 over the last ninety days. Insiders own 30.00% of the company’s stock.

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.

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