Health Insurance Innovations Inc. (NASDAQ:HIIQ) – Analysts at Lake Street Capital issued their Q3 2016 EPS estimates for Health Insurance Innovations in a research report issued to clients and investors on Thursday. Lake Street Capital analyst M. Argento forecasts that the brokerage will post earnings per share of $0.10 for the quarter. Lake Street Capital has a “Buy” rating and a $9.00 price objective on the stock. Lake Street Capital also issued estimates for Health Insurance Innovations’ Q4 2016 earnings at $0.11 EPS, FY2016 earnings at $0.65 EPS and FY2017 earnings at $0.75 EPS.

Health Insurance Innovations (NASDAQ:HIIQ) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.21. The company earned $44.50 million during the quarter, compared to the consensus estimate of $37.11 million. Health Insurance Innovations had a return on equity of 11.78% and a net margin of 2.48%.

A number of other research firms have also recently commented on HIIQ. TheStreet upgraded Health Insurance Innovations from a “sell” rating to a “hold” rating in a research report on Monday, May 23rd. Northland Securities began coverage on Health Insurance Innovations in a research report on Tuesday, June 7th. They issued an “outperform” rating for the company. Raymond James Financial Inc. cut Health Insurance Innovations from a “strong-buy” rating to a “market perform” rating in a research report on Thursday, June 9th. Finally, Zacks Investment Research cut Health Insurance Innovations from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $7.00.

Shares of Health Insurance Innovations (NASDAQ:HIIQ) opened at 5.34 on Monday. The company has a market capitalization of $41.60 million, a P/E ratio of 11.15 and a beta of -0.29. Health Insurance Innovations has a 12 month low of $3.72 and a 12 month high of $8.54. The company has a 50-day moving average price of $5.00 and a 200-day moving average price of $5.42.

In other news, major shareholder Cannell Capital Llc purchased 11,144 shares of the company’s stock in a transaction that occurred on Wednesday, June 29th. The stock was purchased at an average cost of $3.94 per share, for a total transaction of $43,907.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick Mcnamee purchased 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The shares were purchased at an average price of $4.52 per share, with a total value of $67,800.00. The disclosure for this purchase can be found here. 52.70% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of HIIQ. Royal Bank of Canada purchased a new stake in shares of Health Insurance Innovations during the second quarter valued at approximately $127,000. Grandeur Peak Global Advisors LLC boosted its stake in shares of Health Insurance Innovations by 1.1% in the second quarter. Grandeur Peak Global Advisors LLC now owns 221,311 shares of the company’s stock valued at $870,000 after buying an additional 2,375 shares during the last quarter. Bridgeway Capital Management Inc. boosted its stake in shares of Health Insurance Innovations by 92.4% in the second quarter. Bridgeway Capital Management Inc. now owns 200,900 shares of the company’s stock valued at $790,000 after buying an additional 96,484 shares during the last quarter. KCG Holdings Inc. purchased a new stake in shares of Health Insurance Innovations during the second quarter valued at approximately $107,000. Finally, Cannell Capital LLC boosted its stake in shares of Health Insurance Innovations by 9.7% in the second quarter. Cannell Capital LLC now owns 1,170,619 shares of the company’s stock valued at $4,601,000 after buying an additional 103,061 shares during the last quarter. Hedge funds and other institutional investors own 27.82% of the company’s stock.

Health Insurance Innovations Company Profile

Health Insurance Innovations, Inc is a developer, distributor and virtual administrator of individual and family health insurance plans and supplemental products. The Company sells individual and family insurance plans (IFP) that include short-term medical (STM) insurance plans and hospital indemnity plans.

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