NASDAQ:HIIQ - Health Insurance Innovations Stock Price, News, & Analysis

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$23.85 -0.10 (-0.42 %)
(As of 04/21/2019 04:00 PM ET)
Previous Close$23.85
Today's Range$23.25 - $24.43
52-Week Range$21.65 - $63.13
Volume707,844 shs
Average Volume900,449 shs
Market Capitalization$410.70 million
P/E Ratio12.96
Dividend YieldN/A
Beta1.73
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. The company offers individual and family health insurance plans, and supplemental products in concert with insurance carriers and discount benefit providers; and markets them to individuals through a network of distributors. Health Insurance Innovations, Inc. was founded in 2008 and is based in Tampa, Florida.

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Industry, Sector and Symbol

Industry Insurance agents, brokers, & service
Sub-IndustryLife & Health Insurance
SectorFinance
Current SymbolNASDAQ:HIIQ
CUSIP42225K10
Phone813-397-1187

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$351.10 million
Cash Flow$2.5079 per share
Book Value$9.61 per share

Profitability

Net Income$12.99 million

Miscellaneous

Employees222
Market Cap$410.70 million
Next Earnings Date5/1/2019 (Estimated)
OptionableOptionable

Health Insurance Innovations (NASDAQ:HIIQ) Frequently Asked Questions

What is Health Insurance Innovations' stock symbol?

Health Insurance Innovations trades on the NASDAQ under the ticker symbol "HIIQ."

How will Health Insurance Innovations' stock buyback program work?

Health Insurance Innovations declared that its Board of Directors has initiated a share repurchase program on Tuesday, October 17th 2017, which permits the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

How were Health Insurance Innovations' earnings last quarter?

Health Insurance Innovations Inc (NASDAQ:HIIQ) released its quarterly earnings results on Wednesday, March, 6th. The financial services provider reported $0.98 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.77 by $0.21. The financial services provider earned $131.90 million during the quarter, compared to analysts' expectations of $83.12 million. Health Insurance Innovations had a return on equity of 28.34% and a net margin of 4.49%. The firm's quarterly revenue was up 89.8% on a year-over-year basis. During the same period last year, the business earned $0.37 earnings per share. View Health Insurance Innovations' Earnings History.

When is Health Insurance Innovations' next earnings date?

Health Insurance Innovations is scheduled to release their next quarterly earnings announcement on Wednesday, May 1st 2019. View Earnings Estimates for Health Insurance Innovations.

What guidance has Health Insurance Innovations issued on next quarter's earnings?

Health Insurance Innovations issued an update on its FY19 earnings guidance on Wednesday, March, 6th. The company provided earnings per share (EPS) guidance of $3.20-3.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.03. The company issued revenue guidance of $430-440 million, compared to the consensus revenue estimate of $347.56 million.Health Insurance Innovations also updated its FY 2019 guidance to $3.20-3.35 EPS.

What price target have analysts set for HIIQ?

7 brokerages have issued twelve-month price targets for Health Insurance Innovations' stock. Their forecasts range from $45.00 to $80.00. On average, they expect Health Insurance Innovations' share price to reach $63.1429 in the next year. This suggests a possible upside of 164.7% from the stock's current price. View Analyst Price Targets for Health Insurance Innovations.

What is the consensus analysts' recommendation for Health Insurance Innovations?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Health Insurance Innovations in the last year. There are currently 6 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Health Insurance Innovations.

What are Wall Street analysts saying about Health Insurance Innovations stock?

Here are some recent quotes from research analysts about Health Insurance Innovations stock:
  • 1. Cantor Fitzgerald analysts commented, ". We reiterate our Overweight rating on HIIQ shares and our price target remains at $75. 27, new documents were posted concerning the pending FTC lawsuit against Steve Dorfman. As a reminder, the FTC placed a temporary restraining order on HIIQ subsequently ended its relationship with Simple and Mr. Dorfman. Recently, investors have been concerned about HIIQ’s past relationship with Simple and Mr. Dorfman. We point out that HIIQ is legally not allowed to cancel polices sold by Simple Health. It continues to collect payment on these policies as an administrator. Consumers can always chose to terminate the policies." (3/28/2019)
  • 2. According to Zacks Investment Research, "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. " (3/8/2019)
  • 3. Canaccord Genuity analysts commented, "We maintain our BUY rating on HIIQ and raise our PT to $62. The table is being set in which ’19 could be a year of accelerating revenue and adj-EBITDA growth, reversing the normalization that is contemplated in ’18. The upcoming Oct. 1 change in STM duration (3-month to 1-year) and the individual mandate penalty removal (Jan.1, ’19) should make HIIQ’s insurance products more attractive from both a financial and quality perspective. We have taken a conservative stance with respect to our estimates as not to get too far ahead of the company, but overall we are encouraged with the growth opportunity and bias that estimates move higher as ’18 progresses." (8/2/2018)

Has Health Insurance Innovations been receiving favorable news coverage?

Press coverage about HIIQ stock has been trending neutral recently, according to InfoTrie. The research group identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Health Insurance Innovations earned a coverage optimism score of 0.4 on InfoTrie's scale. They also assigned news articles about the financial services provider a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days.

Who are some of Health Insurance Innovations' key competitors?

What other stocks do shareholders of Health Insurance Innovations own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Health Insurance Innovations investors own include NVIDIA (NVDA), Micron Technology (MU), Square (SQ), Alibaba Group (BABA), Advanced Micro Devices (AMD), Energy Transfer LP Unit (ET), Veeva Systems (VEEV), Canopy Growth (CGC), Momo (MOMO) and Netflix (NFLX).

Who are Health Insurance Innovations' key executives?

Health Insurance Innovations' management team includes the folowing people:
  • Mr. Gavin D. Southwell, Pres, CEO & Director (Age 41)
  • Mr. Michael D. Hershberger, CFO, Treasurer & Sec. (Age 56)
  • Mr. Michael W. Kosloske, Founder & Director (Age 55)
  • Mr. John Evans, Investor Relations contact
  • Angela P. Bryant, Sr. VP & Gen. Counsel

Who are Health Insurance Innovations' major shareholders?

Health Insurance Innovations' stock is owned by a number of of institutional and retail investors. Top institutional investors include Peregrine Capital Management LLC (1.59%) and CAPROCK Group Inc. (0.34%). Company insiders that own Health Insurance Innovations stock include Anthony Barkett, Bruce Telkamp, Gavin Southwell, John Fichthorn, Michael D Hershberger, Michael W Kosloske, Robert S Murley and Sheldon Wang. View Institutional Ownership Trends for Health Insurance Innovations.

Which major investors are buying Health Insurance Innovations stock?

HIIQ stock was acquired by a variety of institutional investors in the last quarter, including CAPROCK Group Inc. and Peregrine Capital Management LLC. Company insiders that have bought Health Insurance Innovations stock in the last two years include Anthony Barkett, John Fichthorn and Robert S Murley. View Insider Buying and Selling for Health Insurance Innovations.

How do I buy shares of Health Insurance Innovations?

Shares of HIIQ can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Health Insurance Innovations' stock price today?

One share of HIIQ stock can currently be purchased for approximately $23.85.

How big of a company is Health Insurance Innovations?

Health Insurance Innovations has a market capitalization of $410.70 million and generates $351.10 million in revenue each year. The financial services provider earns $12.99 million in net income (profit) each year or $1.84 on an earnings per share basis. Health Insurance Innovations employs 222 workers across the globe.

What is Health Insurance Innovations' official website?

The official website for Health Insurance Innovations is http://www.hiiquote.com.

How can I contact Health Insurance Innovations?

Health Insurance Innovations' mailing address is 15438 N. FLORIDA AVENUE SUITE 201, TAMPA FL, 33613. The financial services provider can be reached via phone at 813-397-1187 or via email at [email protected]


MarketBeat Community Rating for Health Insurance Innovations (NASDAQ HIIQ)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  304 (Vote Outperform)
Underperform Votes:  204 (Vote Underperform)
Total Votes:  508
MarketBeat's community ratings are surveys of what our community members think about Health Insurance Innovations and other stocks. Vote "Outperform" if you believe HIIQ will outperform the S&P 500 over the long term. Vote "Underperform" if you believe HIIQ will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 4/21/2019 by MarketBeat.com Staff

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