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

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$23.72 -0.30 (-1.25 %)
(As of 05/19/2019 04:00 PM ET)
Previous Close$23.72
Today's Range$22.75 - $23.97
52-Week Range$18.27 - $63.13
Volume1.07 million shs
Average Volume1.04 million shs
Market Capitalization$330.42 million
P/E Ratio12.89
Dividend YieldN/A
Beta1.61
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$2.5101 per share
Book Value$7.12 per share

Profitability

Net Income$12.99 million

Miscellaneous

Employees222
Market Cap$330.42 million
Next Earnings Date8/7/2019 (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 authorized a share repurchase program on Tuesday, October 17th 2017, which allows the company to repurchase $50,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

How were Health Insurance Innovations' earnings last quarter?

Health Insurance Innovations Inc (NASDAQ:HIIQ) released its quarterly earnings results on Monday, May, 6th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by $0.08. The financial services provider had revenue of $87.33 million for the quarter, compared to the consensus estimate of $83.58 million. Health Insurance Innovations had a return on equity of 28.56% and a net margin of 3.48%. Health Insurance Innovations's revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.70 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, August 7th 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 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?

8 analysts have issued 1 year price objectives for Health Insurance Innovations' stock. Their predictions range from $45.00 to $75.00. On average, they expect Health Insurance Innovations' share price to reach $59.00 in the next year. This suggests a possible upside of 148.7% from the stock's current price. View Analyst Price Targets for Health Insurance Innovations.

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

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Health Insurance Innovations in the last year. There are currently 7 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. Northland Securities analysts commented, "We believe these items provide tremendous optionality for HIIQ in 2019 and 2020. Further the set up into 2019 reminds us of eHealth (ticker EHTH) when they adopted ASC 606 15 months ago, take a look at that chart. Reiterate OP and 2019 Top Pick." (5/7/2019)
  • 2. 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)
  • 3. 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)
  • 4. 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?

Media stories about HIIQ stock have trended somewhat positive recently, according to InfoTrie. The research firm ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Health Insurance Innovations earned a news impact score of 1.9 on InfoTrie's scale. They also assigned media coverage about the financial services provider a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next few days.

Who are some of Health Insurance Innovations' key competitors?

Some companies that are related to Health Insurance Innovations include Goosehead Insurance (GSHD), AA (AATDF), Crawford & Company (CRD.A), Crawford & Company (CRD.B) and Marketing Alliance (MAAL).

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), Square (SQ), Micron Technology (MU), Alibaba Group (BABA), Canopy Growth (CGC), Energy Transfer LP Unit (ET), Netflix (NFLX), Veeva Systems (VEEV), Advanced Micro Devices (AMD) and CVS Health (CVS).

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 W. Kosloske, Founder & Director (Age 55)
  • Mr. Michael D. Hershberger, CFO, Treasurer & Sec. (Age 56)
  • 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 retail and institutional investors. Top institutional investors include TimesSquare Capital Management LLC (8.05%), Cannell Capital LLC (5.16%), BlackRock Inc. (4.87%), State of New Jersey Common Pension Fund D (3.25%), River Road Asset Management LLC (2.30%) and B. Riley Financial Inc. (2.19%). 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 selling Health Insurance Innovations stock?

HIIQ stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Marshall Wace LLP, TimesSquare Capital Management LLC, Gabelli Funds LLC, Wells Fargo & Company MN, Marshall Wace North America L.P., SG Americas Securities LLC and Kornitzer Capital Management Inc. KS. Company insiders that have sold Health Insurance Innovations company stock in the last year include Bruce Telkamp, Gavin Southwell, John Fichthorn, Michael D Hershberger, Michael W Kosloske and Sheldon Wang. View Insider Buying and Selling 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 River Road Asset Management LLC, Morgan Stanley, B. Riley Financial Inc., Wasatch Advisors Inc., Cannell Capital LLC, State of New Jersey Common Pension Fund D, Raymond James & Associates and 361 Capital 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 $23.72.

How big of a company is Health Insurance Innovations?

Health Insurance Innovations has a market capitalization of $330.42 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.hiiq.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:  313 (Vote Outperform)
Underperform Votes:  209 (Vote Underperform)
Total Votes:  522
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 5/19/2019 by MarketBeat.com Staff

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