Health Insurance Innovations (HIIQ) Given Daily Media Impact Rating of 0.15

News headlines about Health Insurance Innovations (NASDAQ:HIIQ) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Health Insurance Innovations earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 43.5610011930206 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Health Insurance Innovations (NASDAQ:HIIQ) opened at $25.95 on Thursday. The company has a market cap of $429.28, a price-to-earnings ratio of 21.27 and a beta of 0.65. Health Insurance Innovations has a fifty-two week low of $12.65 and a fifty-two week high of $37.38.

Health Insurance Innovations (NASDAQ:HIIQ) last issued its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.11. The company had revenue of $63.34 million for the quarter, compared to analyst estimates of $59.30 million. Health Insurance Innovations had a net margin of 5.98% and a return on equity of 21.32%. Health Insurance Innovations’s revenue was up 37.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.33 earnings per share. equities research analysts expect that Health Insurance Innovations will post 1.39 earnings per share for the current fiscal year.

Health Insurance Innovations declared that its Board of Directors has approved a share repurchase program on Monday, October 16th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

A number of analysts have weighed in on HIIQ shares. Zacks Investment Research cut shares of Health Insurance Innovations from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $38.00 target price on shares of Health Insurance Innovations in a research note on Wednesday, November 1st. Canaccord Genuity set a $39.00 target price on shares of Health Insurance Innovations and gave the stock a “buy” rating in a research note on Sunday, November 12th. BidaskClub lowered shares of Health Insurance Innovations from a “buy” rating to a “hold” rating in a report on Saturday, December 9th. Finally, ValuEngine upgraded shares of Health Insurance Innovations from a “buy” rating to a “strong-buy” rating in a report on Monday, October 2nd. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $32.67.

In other news, Director Robert S. Murley bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were acquired at an average price of $22.50 per share, for a total transaction of $112,500.00. Following the completion of the acquisition, the director now directly owns 39,734 shares in the company, valued at $894,015. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Sheldon Wang sold 1,232 shares of the business’s stock in a transaction on Friday, December 28th. The shares were sold at an average price of $25.00, for a total transaction of $30,800.00. Following the completion of the transaction, the chief technology officer now owns 137,769 shares in the company, valued at approximately $3,444,225. The disclosure for this sale can be found here. In the last quarter, insiders have sold 57,464 shares of company stock worth $1,463,600. 30.00% of the stock is owned by company insiders.

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About Health Insurance Innovations

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.

Insider Buying and Selling by Quarter for Health Insurance Innovations (NASDAQ:HIIQ)

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