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

Health Insurance Innovations Inc (NASDAQ:HIIQ) issued its earnings results on Wednesday, May, 2nd. The financial services provider reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.02. The financial services provider earned $67.80 million during the quarter, compared to analysts' expectations of $68.53 million. Health Insurance Innovations had a return on equity of 20.15% and a net margin of 6.17%. The business's revenue was up 21.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.36 EPS. View Health Insurance Innovations' Earnings History.

Health Insurance Innovations issued an update on its FY18 earnings guidance on Wednesday, May, 2nd. The company provided earnings per share (EPS) guidance of $2.45-$2.55 for the period, compared to the Thomson Reuters consensus earnings per share 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 1-year price targets for Health Insurance Innovations' shares. Their forecasts range from $34.60 to $60.00. On average, they expect Health Insurance Innovations' share price to reach $44.70 in the next twelve months. View Analyst Ratings for Health Insurance Innovations.

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

Media headlines about HIIQ stock have been trending somewhat positive this week, according to Accern. The research firm identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Health Insurance Innovations earned a news sentiment score of 0.02 on Accern's scale. They also gave headlines about the financial services provider an impact score of 46.60 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next few days.

Health Insurance Innovations' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Lyon Street Capital LLC (7.77%), Cannell Capital LLC (4.39%), P2 Capital Partners LLC (3.79%), Millennium Management LLC (2.21%), Harvest Capital Strategies LLC (2.09%) and Northern Trust Corp (0.82%). 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 sold by a variety of institutional investors in the last quarter, including Cannell Capital LLC, Tenzing Global Management LLC, Lyon Street Capital LLC, Millennium Management LLC, New York State Common Retirement Fund, Trellus Management Company LLC, Alps Advisors Inc. and SG Americas Securities LLC. Company insiders that have sold Health Insurance Innovations company stock in the last year include Bruce Telkamp, John Fichthorn, Michael D Hershberger, Michael W Kosloske and Sheldon Wang. View Insider Buying and Selling for Health Insurance Innovations.

HIIQ stock was purchased by a variety of institutional investors in the last quarter, including P2 Capital Partners LLC, Tieton Capital Management LLC, Engineers Gate Manager LP, Argent Capital Management LLC, A.R.T. Advisors LLC, Harvest Capital Strategies LLC, Catalyst Capital Advisors LLC and Trexquant Investment LP. 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 $34.15.

Health Insurance Innovations has a market capitalization of $572.22 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]