Economy

Health Insurance Innovations, Inc. (HIIQ) Updates Q3 Earnings Guidance

Health Insurance Innovations, Inc. (HIIQ) Updates Q3 Earnings Guidance

It worsened, as 17 investors sold Health Insurance Innovations Inc shares while 21 reduced holdings. 43 funds opened positions while 19 raised stakes.

Health Insurance Innovations, Inc. has a 12-month low of $4.00 and a 12-month high of $37.38. Finally, Capital World Investors acquired a new position in Health Insurance Innovations during the 2nd quarter valued at about $11,680,000.

Health Insurance Innovations, Inc. most recently reported earnings per share (EPS) of $0.46 for the June 2017 versus $0.27 in the same quarter a year ago, representing 70% growth. The portion of a company's profit allocated to each outstanding share of common stock was $3.62 a share in the trailing twelve months. National Bank & Trust Of New York Mellon has 34,233 shares. Finally, ValuEngine upgraded shares of Health Insurance Innovations from a hold rating to a buy rating in a research note on Friday, September 1st. Tudor Investment Corp ET AL acquired a new position in Health Insurance Innovations during the 1st quarter valued at about $648,000. After $0.46 actual EPS reported by Health Insurance Innovations Inc for the previous quarter, Wall Street now forecasts -19.57% negative EPS growth. Barclays Public Ltd Co accumulated 0% or 8,763 shares. Columbia Prtn L L C Inv Mgmt stated it has 103,385 shares.

Since May 1, 2017, it had 1 buy, and 12 insider sales for $2.90 million activity. Alliancebernstein L.P. acquired a new position in shares of Health Insurance Innovations during the 2nd quarter worth about $240,000.

In other Health Insurance Innovations news, CEO Bruce Telkamp sold 15,000 shares of the stock in a transaction that occurred on Monday, July 17th. (NASDAQ:HIIQ) appreciated by 4.42% at $18.9, after hitting low of $18.25 in an intra-day trade. Short shares increased 955,649 over that timeframe.

The company, which partners with insurance companies to develop health insurance products, saw its stock price drop from almost $35 in latter August to $14.50 by late September after reports of investigations into its marketing practices and market pressure from short sellers. Its up 5.06% from 1.59 million shares, reported previously. Days to cover increased 1.0 to 2.0 and the percentage of shorted shares is 0.32% as of September 29. Globeflex Cap Lp has invested 0.03% in Health Insurance Innovations Inc (NASDAQ:HIIQ).

Sixers Joel Embiid practiced Monday, probable for Wednesday's opener
Embiid played 14 minutes, 45 seconds in Wednesday's preseason game against the Brooklyn Nets in Uniondale, N.Y. Then he followed with 14:33 in Friday's game versus the Miami Heat in Kansas City.

Health Insurance Innovations (NASDAQ:HIIQ) last posted its earnings results on Wednesday, August 2nd. It has outperformed by 211.13% the S&P500. The company has market cap of $310.76 million.

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. It has a 20.32 P/E ratio. The Company's STM plans are provided up to six months, 11 months, or 364 days of health insurance coverage with a range of deductible and copay levels. Analysts expect next quarter's EPS will be $0.37 and the next full year EPS is projected to be $1.83. Therefore 83% are positive.

The analysts 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". The stock presently has an average rating of "Buy" and a consensus target price of $31.33.

A number of analysts have recently weighed in on the stock. Craig Hallum restated a "buy" rating and issued a $38.00 price target (up from $28.00) on shares of Health Insurance Innovations in a research report on Thursday, August 3rd. Health Insurance Innovations had a net margin of 11.25% and a return on equity of 23.82%. The rating was downgraded by Raymond James on Monday, June 26 to "Market Perform". As per Wednesday, January 4, the company rating was initiated by Piper Jaffray. Cantor Fitzgerald maintained it with "Buy" rating and $38.0 target in Monday, September 25 report. Craig Hallum maintained Health Insurance Innovations Inc (NASDAQ:HIIQ) rating on Thursday, August 3.

Health Insurance Innovations Inc (NASDAQ:HIIQ)'s stock had its "buy" rating reaffirmed by equities researchers at Canaccord Genuity in a note issued to investors on Monday. Highlights Strength of Business" published on September 27, 2017 as well as Businesswire.com's news article titled: "Cohen Milstein Sellers & Toll PLLC Announces Investigation of Health Insurance ..." with publication date: "October 06, 2017.


  • Chrome for Windows Can Now Recover from Software Infections

    Finally, Chrome Cleanup has been completely redesigned with a new, simpler user interface, making it easier to see what will be removed.
    Opko Health, Inc. (OPK) Shares Bought by Piedmont Investment Advisors LLC

    Opko Health, Inc. (OPK) Shares Bought by Piedmont Investment Advisors LLC

    The biotechnology company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD lifted its stake in Opko Health by 14.8% in the second quarter.

    Mohawks' drug patent plan takes a hit with judge's ruling

    White, a spokesman for the tribe, said it was "in the process of reviewing the decision and its impact on our patent business". The deal is created to protect Allergan against an inter partes patent challenge at the U.S.
  • Umb Bank NA/mo Modifies Its Ownership in Activision Blizzard, Inc (ATVI) Stock

    Trust Of Vermont reported 1,037 shares stake. 5,315 shares valued at $319,166 were sold by Oscher Ronald J on Friday, May 19. It also reduced Pinnacle Financial Partners (NASDAQ:PNFP) stake by 725,523 shares and now owns 231,342 shares.
    Fan who caught Justin Turner's walk-off homer gave it back

    Fan who caught Justin Turner's walk-off homer gave it back

    Darvish pitched five innings while allowing one run and getting seven strikeouts in Game 3 of the NLDS against the Diamondbacks. Carl Edwards Jr. came in and got a strike out on a curve to end the inning. "It's incredible. ...
    Retailers Remove Anne Frank Halloween Costume After Backlash

    Retailers Remove Anne Frank Halloween Costume After Backlash

    The costume is being marketed as "Child World War II Evacuee Girl Costume" on the retail giant's website. A spokesman for the store tweeted that the costume has been pulled, according to the Daily Mail .
  • Ankara to close air space to northern Iraq, extend state of emergency

    Ankara to close air space to northern Iraq, extend state of emergency

    The emergency gives broad powers to the executive, allowing the Turkish president and his cabinet to rule by decree. The state of emergency has been extended four times, in October 2016, in January, April and July this year.
    Carrie Fisher Once Gave a Cow Tongue to a Sexual Predator

    Carrie Fisher Once Gave a Cow Tongue to a Sexual Predator

    Reynolds and Fisher often attended galas, red carpets and other events together. Among those she confided in was Fisher, who made a decision to take action.
    Guilty verdict in trial over 2016 Chelsea bombing that hurt 30

    Guilty verdict in trial over 2016 Chelsea bombing that hurt 30

    Police defused a second device in Chelsea and found five additional pipe bombs in Rahimi's hometown of Elizabeth, New Jersey. It took jurors just four hours of deliberations to convict Ahmad Khan Rahimi, 29, of New Jersey, after an eight-day trial.
  • Milwaukee Bucks Rumors: Denver Nuggets also interested in Richard Jefferson

    The Milwaukee Bucks first emerged as the top suitors in trying to sign Jefferson after he clears waivers on Monday. There are reportedly 3-4 teams interested in Jefferson including Milwaukee and Denver.
    Ex-Liverpool Player Suso Scores Sublime Goal In Milan Derby

    Ex-Liverpool Player Suso Scores Sublime Goal In Milan Derby

    Ricardo Rodriguez was adjudged to have fouled Danilo D'Ambrosio as Inter prepared to take a corner in the last minute. Vincenzo Montella , manager of Milan , is understandably under the pump after losing the high-profile derby.
    Giants expected to reinstate Dominique Rodgers-Cromartie for Week 7

    Giants expected to reinstate Dominique Rodgers-Cromartie for Week 7

    Through the first five weeks, the Giants were 70:30 in passes to rushes; last night, the ratio was 57:43. For now it's going to be Sullivan's job to try to end that drought as the playcaller.