NASDAQ:HIIQ - Health Insurance Innovations Stock Price, Price Target & More

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

Health Insurance Innovations announced that its Board of Directors has initiated a share repurchase program on Tuesday, October 17th 2017, which authorizes the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Health Insurance Innovations Inc (NASDAQ:HIIQ) announced its quarterly earnings data on Wednesday, May, 2nd. The financial services provider reported $0.52 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.50 by $0.02. The financial services provider had revenue of $67.80 million for the quarter, compared to analyst estimates of $68.53 million. Health Insurance Innovations had a return on equity of 20.15% and a net margin of 6.17%. Health Insurance Innovations's revenue for the quarter was up 21.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 EPS. View Health Insurance Innovations' Earnings History.

Health Insurance Innovations updated its FY18 earnings guidance on Wednesday, May, 2nd. The company provided earnings per share guidance of $2.45-$2.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.49. The company issued revenue guidance of $290-$300 million, compared to the consensus revenue estimate of $296.41 million.

8 brokers have issued 12 month price targets for Health Insurance Innovations' shares. Their forecasts range from $34.60 to $60.00. On average, they expect Health Insurance Innovations' stock price to reach $44.70 in the next twelve months. This suggests a possible upside of 37.4% from the stock's current price. View Analyst Ratings 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 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

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

Press coverage about HIIQ stock has been trending somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Health Insurance Innovations earned a media sentiment score of 0.15 on Accern's scale. They also gave news headlines about the financial services provider an impact score of 45.62 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next several days.

Health Insurance Innovations' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Peregrine Capital Management LLC (1.39%). Company insiders that own Health Insurance Innovations stock include Anthony Barkett, Bruce Telkamp, Cannell Capital Llc, John Fichthorn, Josef A Denother, Michael D Hershberger, Michael W Kosloske, Patrick Mcnamee, Robert S Murley and Sheldon Wang. View Institutional Ownership Trends for Health Insurance Innovations.

HIIQ stock was purchased by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC. Company insiders that have bought Health Insurance Innovations stock in the last two years include Anthony Barkett, Cannell Capital Llc, John Fichthorn, Josef A Denother, Michael D Hershberger, Patrick Mcnamee and Robert S Murley. View Insider Buying and Selling for 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.

One share of HIIQ stock can currently be purchased for approximately $32.53.

Health Insurance Innovations has a market capitalization of $555.46 million and generates $250.48 million in revenue each year. The financial services provider earns $17.88 million in net income (profit) each year or $1.20 on an earnings per share basis. Health Insurance Innovations employs 199 workers across the globe.

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]