Health Insurance Innovations Inc (NASDAQ:HIIQ) – Equities research analysts at B. Riley dropped their Q2 2019 EPS estimates for Health Insurance Innovations in a report issued on Wednesday, June 26th, according to Zacks Investment Research. B. Riley analyst R. Binner now expects that the financial services provider will earn $0.29 per share for the quarter, down from their prior forecast of $0.37.
HIIQ has been the subject of several other reports. Lake Street Capital dropped their price target on Nautilus from $8.00 to $5.00 and set a “hold” rating for the company in a report on Tuesday, May 7th. TheStreet raised shares of Rent-A-Center from a “c” rating to a “b-” rating in a research report on Tuesday, May 7th. BidaskClub raised shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a research report on Friday, July 12th. Northland Securities reissued a “buy” rating and set a $12.00 target price on shares of Medallion Financial in a research report on Tuesday, May 7th. Finally, ValuEngine cut shares of Virtu Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, June 18th. Two research analysts have rated the stock with a sell rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $56.11.
Health Insurance Innovations (NASDAQ:HIIQ) last released its quarterly earnings data on Monday, May 6th. The financial services provider reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.08). The firm had revenue of $87.33 million for the quarter, compared to analyst estimates of $83.58 million. Health Insurance Innovations had a net margin of 3.48% and a return on equity of 28.56%. The company’s revenue was up 15.0% compared to the same quarter last year. During the same period last year, the business earned $0.70 EPS.
Several hedge funds and other institutional investors have recently bought and sold shares of HIIQ. Millennium Management LLC acquired a new stake in shares of Health Insurance Innovations during the fourth quarter valued at about $11,197,000. River Road Asset Management LLC acquired a new position in Health Insurance Innovations during the 1st quarter worth approximately $10,621,000. Cannell Capital LLC grew its holdings in Health Insurance Innovations by 66.9% during the 4th quarter. Cannell Capital LLC now owns 777,836 shares of the financial services provider’s stock worth $20,792,000 after acquiring an additional 311,829 shares in the last quarter. B. Riley Financial Inc. grew its holdings in Health Insurance Innovations by 97.1% during the 1st quarter. B. Riley Financial Inc. now owns 377,608 shares of the financial services provider’s stock worth $10,127,000 after acquiring an additional 185,988 shares in the last quarter. Finally, Wasatch Advisors Inc. grew its holdings in Health Insurance Innovations by 103.9% during the 1st quarter. Wasatch Advisors Inc. now owns 288,943 shares of the financial services provider’s stock worth $7,749,000 after acquiring an additional 147,245 shares in the last quarter.
In related news, major shareholder Michael W. Kosloske sold 41,393 shares of the firm’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $25.59, for a total value of $1,059,246.87. Following the sale, the insider now directly owns 320 shares of the company’s stock, valued at $8,188.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Michael W. Kosloske sold 51,160 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $26.32, for a total value of $1,346,531.20. Following the completion of the sale, the insider now directly owns 320 shares in the company, valued at $8,422.40. The disclosure for this sale can be found here. Insiders sold 327,691 shares of company stock worth $8,504,415 in the last three months. Insiders own 47.88% of the company’s stock.
About Health Insurance Innovations
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.
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