Health Insurance Innovations (NASDAQ:HIIQ) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided EPS guidance of $2.45-$2.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.95. The company issued revenue guidance of $290-$300 million, compared to the consensus revenue estimate of $273.16 million.
Shares of Health Insurance Innovations (NASDAQ:HIIQ) traded up $0.05 during trading on Wednesday, hitting $31.20. 487,587 shares of the stock were exchanged, compared to its average volume of 396,337. Health Insurance Innovations has a twelve month low of $12.65 and a twelve month high of $37.38. The firm has a market capitalization of $511.94, a price-to-earnings ratio of 26.22 and a beta of 0.62.
HIIQ has been the topic of a number of recent analyst reports. Canaccord Genuity reiterated a buy rating and set a $39.00 price target on shares of Health Insurance Innovations in a research note on Friday, December 22nd. BidaskClub raised shares of Health Insurance Innovations from a hold rating to a buy rating in a report on Friday, December 15th. Cantor Fitzgerald reissued a buy rating and set a $38.00 price objective on shares of Health Insurance Innovations in a report on Tuesday, December 12th. ValuEngine raised shares of Health Insurance Innovations from a hold rating to a buy rating in a report on Friday, February 2nd. Finally, Zacks Investment Research raised shares of Health Insurance Innovations from a hold rating to a buy rating and set a $31.00 price objective on the stock in a report on Thursday, January 25th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $33.71.
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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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