Health Insurance Innovations’ (HIIQ) “Buy” Rating Reiterated at Craig Hallum
Health Insurance Innovations (NASDAQ:HIIQ)‘s stock had its “buy” rating reiterated by Craig Hallum in a report released on Thursday, The Fly reports. They presently have a $45.00 price objective on the financial services provider’s stock, up from their previous price objective of $38.00. Craig Hallum’s target price indicates a potential upside of 38.67% from the stock’s current price.
HIIQ has been the subject of a number of other reports. Zacks Investment Research raised shares of Health Insurance Innovations from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Wednesday, February 14th. ValuEngine raised shares of Health Insurance Innovations from a “hold” rating to a “buy” rating in a research note on Wednesday, February 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $60.00 price objective on shares of Health Insurance Innovations in a research note on Thursday. BidaskClub raised shares of Health Insurance Innovations from a “hold” rating to a “buy” rating in a research note on Friday, December 15th. Finally, Canaccord Genuity set a $39.00 price objective on shares of Health Insurance Innovations and gave the company a “buy” rating in a research note on Sunday, November 12th. Twelve equities research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average price target of $42.62.
Health Insurance Innovations (NASDAQ HIIQ) opened at $32.45 on Thursday. Health Insurance Innovations has a 12-month low of $12.65 and a 12-month high of $37.38. The firm has a market cap of $536.81, a PE ratio of 26.60 and a beta of 0.42.
In other news, CTO Sheldon Wang sold 5,000 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $25.00, for a total value of $125,000.00. Following the completion of the sale, the chief technology officer now directly owns 194,001 shares of the company’s stock, valued at $4,850,025. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 97,464 shares of company stock valued at $2,678,800 over the last three months. 30.00% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Bowling Portfolio Management LLC purchased a new stake in shares of Health Insurance Innovations in the fourth quarter worth approximately $2,608,000. Comerica Bank purchased a new stake in shares of Health Insurance Innovations in the third quarter worth approximately $473,000. Emerald Mutual Fund Advisers Trust lifted its position in shares of Health Insurance Innovations by 3.1% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 462,963 shares of the financial services provider’s stock worth $6,713,000 after purchasing an additional 14,008 shares in the last quarter. California State Teachers Retirement System purchased a new stake in shares of Health Insurance Innovations in the second quarter worth approximately $465,000. Finally, Wells Fargo & Company MN lifted its position in shares of Health Insurance Innovations by 1,292.6% in the second quarter. Wells Fargo & Company MN now owns 13,926 shares of the financial services provider’s stock worth $327,000 after purchasing an additional 12,926 shares in the last quarter. 64.05% of the stock is owned by institutional investors and hedge funds.
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Health Insurance Innovations Company Profile
Health Insurance Innovations, Inc is a developer, distributor and cloud-based administrator of individual and family health insurance plans (IFPs) and supplemental products, which include short-term medical (STM) insurance plans, and guaranteed-issue and underwritten hospital indemnity plans. The Company also develops, distributes and administers supplemental products, which include a range of additional insurance and non-insurance products, such as pharmacy benefit cards, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans, and life insurance policies that are purchased as supplements to IFP.
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