Health Insurance Innovations (NASDAQ:HIIQ) updated its FY 2019 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $3.20-3.35 for the period, compared to the Thomson Reuters consensus estimate of $3.05. The company issued revenue guidance of $430-440 million, compared to the consensus revenue estimate of $353.41 million.Health Insurance Innovations also updated its FY19 guidance to $3.20-3.35 EPS.
A number of equities analysts have commented on the company. Lake Street Capital boosted their price objective on Health Insurance Innovations to $80.00 and gave the stock a buy rating in a research note on Thursday. BidaskClub raised Health Insurance Innovations from a sell rating to a hold rating in a research note on Thursday, January 10th. ValuEngine lowered Health Insurance Innovations from a hold rating to a sell rating in a research note on Tuesday, December 18th. Zacks Investment Research lowered Health Insurance Innovations from a hold rating to a strong sell rating in a research note on Saturday, December 29th. Finally, B. Riley lowered Health Insurance Innovations from a buy rating to a neutral rating and cut their price target for the company from $50.00 to $45.00 in a research note on Wednesday, February 27th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Health Insurance Innovations currently has an average rating of Buy and a consensus target price of $58.88.
Shares of HIIQ opened at $37.84 on Friday. Health Insurance Innovations has a 12-month low of $21.65 and a 12-month high of $63.13. The firm has a market cap of $774.26 million, a PE ratio of 28.20 and a beta of 1.81.
In other Health Insurance Innovations news, CEO Gavin Southwell sold 65,899 shares of the stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $40.31, for a total value of $2,656,388.69. Following the completion of the sale, the chief executive officer now directly owns 609,723 shares in the company, valued at $24,577,934.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael D. Hershberger sold 3,850 shares of the stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $40.02, for a total value of $154,077.00. Following the completion of the sale, the chief financial officer now owns 85,329 shares of the company’s stock, valued at $3,414,866.58. The disclosure for this sale can be found here. Insiders sold 117,666 shares of company stock worth $4,739,789 in the last three months. Insiders own 55.94% of the company’s stock.
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About Health Insurance Innovations
Health Insurance Innovations, Inc operates as a cloud-based technology platform and distributor of individual and family health insurance plans, and supplemental products in the United States. It offers short-term medical plans that provide three months of health insurance coverage with various deductible and copay levels; health benefit insurance plans, which offer daily cash benefit for hospital treatment and doctor office visits, as well as accidental injury and death or dismemberment benefits; and supplemental insurance products, including pharmacy benefit cards, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans, and life insurance policies.
Further Reading: Cost of Equity For A Business, Investors
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