The total amount of shares outstanding is 232.19M, giving the company a market capitalization of about 1.60B. The mean target price as estimated by the analysts for the company has been recorded at $10.44.
"This morning, HIIQ filed an 8-K which indicates, in our opinion, an improving regulatory outlook.", Cantor Fitzgerald's analyst wrote. A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range. Craig Hallum started coverage on shares of Health Insurance Innovations in a research report on Monday, June 12th. Canaccord Genuity restated a "buy" rating and issued a $39.00 price target (up from $30.00) on shares of Health Insurance Innovations in a research report on Friday, August 4th. The target implies a -13.77% decrease from where the shares are now trading. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. Checking in on some other technical levels, the 14-day RSI is now at 19.25, the 7-day stands at 9.65, and the 3-day is sitting at 1.18.
In taking a look at technical levels, shares are trading 204.51% away from the 50 day simple moving average and 103.12% away from the 200 day simple moving average. The stock sank -60.78% last month and is down -21.01 this year.
RM LAW Announces Class Action Lawsuit Against Health Insurance Innovations, Inc. The average analysts gave this company a mean recommendation of 1.90.
Moving toward the return on equity, that was booked as 5.60%, while return on assets was 0.80%. Its revenue totaled $53.69 million down -3.9% from the previous quarter.
On average, analysts expect that Health Insurance Innovations will report full-year earnings of $1.56 per share for the current year, with EPS estimates ranging from $1.50 to $1.65.
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In other news, insider Sheldon Wang sold 4,530 shares of Health Insurance Innovations stock in a transaction dated Thursday, September 7th.
According to Fitbit, Inc.'s Insider ownership is at 0.10%. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
In other Health Insurance Innovations news, CFO Michael D. Hershberger sold 5,000 shares of the firm's stock in a transaction on Monday, July 3rd. They may also be used to assist the trader figure out proper support and resistance levels for the stock. The Beta factor for the stock is listed at 1.40. The disclosure for this sale can be found here. Stock's intraday price range hit the peak level of $7.06 and touched the lowest level of $6.8 besides its fifty two weeks range was $5.62- $17.18.
A number of hedge funds have recently bought and sold shares of HIIQ. PNC Financial Services Group Inc. purchased a new stake in shares of Health Insurance Innovations during the second quarter worth about $113,000. The shares price has positioned -41.37% down over the past quarter while it has directed -11.60% toward a falling position throughout past six months. Renaissance Technologies LLC increased its stake in Health Insurance Innovations by 68.3% in the 2nd quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Health Insurance Innovations by 7,616.4% during the second quarter. The company's quarterly EPS surprised Wall Street by as much as -27% to the downside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. Bank of Montreal Can purchased a new position in Health Insurance Innovations in the 1st quarter worth about $118,000. Institutional owners hold 84.50% stake in the company, while insiders ownership held at 6.30%.
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.