November 30, 2016 - By whatsonthorold
Health Insurance Innovations Inc’s Chief Technology Officer Sheldon Wang made a sale of 15,000 shares of the stock exchange listed company in an open market transaction dated 30-11-2016. The insider shares were unloaded at the avg market share price which was $10.6, for an aggregate sell of $158,500. Now, Sheldon Wang owns 270,001 shares which are equivalent to roughly 3.35% of Health Insurance Innovations Inc’s market capitalization. A Form 4 available for a free review here disclosed this trade activity. It was disclosed on 30-11-2016 and filled with (SEC).
Out of 2 analysts covering Health Insurance Innovations Inc (NASDAQ:HIIQ), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. $9 is the highest target while $8 is the lowest. The $8.50 average target is -36.99% below today’s ($13.49) stock price. Health Insurance Innovations Inc has been the topic of 3 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The rating was downgraded by Raymond James to “Market Perform” on Thursday, June 9. The stock of Health Insurance Innovations Inc (NASDAQ:HIIQ) earned “Buy” rating by Lake Street on Thursday, September 15.
Insitutional Activity: The institutional sentiment decreased to 1.23 in 2016 Q2. Its down 0.32, from 1.55 in 2016Q1. The ratio dropped, as 4 funds sold all Health Insurance Innovations Inc shares owned while 7 reduced positions. 13 funds bought stakes while 4 increased positions. They now own 4.10 million shares or 3.53% less from 4.25 million shares in 2016Q1.
Kcg reported 27,174 shares or 0% of all its holdings. Royal Commercial Bank Of Canada, a Ontario – Canada-based fund reported 32,266 shares. Prescott Gp Capital Management Lc last reported 0.05% of its portfolio in the stock. Vanguard Gru Inc holds 0% or 349,176 shares in its portfolio. Renaissance Ltd Liability Corp last reported 0% of its portfolio in the stock. Moreover, Oxford Asset has 0.01% invested in Health Insurance Innovations Inc (NASDAQ:HIIQ) for 68,788 shares. Northern holds 10,758 shares or 0% of its portfolio. Natl Bank Of America De holds 0% of its portfolio in Health Insurance Innovations Inc (NASDAQ:HIIQ) for 107,102 shares. Cortina Asset Mngmt Ltd Liability Company has 0.12% invested in the company for 669,515 shares. Blackrock Investment Management Limited Liability Company accumulated 1,151 shares or 0% of the stock. Blackrock Fund, a California-based fund reported 19,275 shares. Cannell Capital holds 1.87% of its portfolio in Health Insurance Innovations Inc (NASDAQ:HIIQ) for 1.17 million shares. California Employees Retirement Sys holds 121,600 shares or 0% of its portfolio. Raymond James And Associates owns 27,380 shares or 0% of their US portfolio. Huber Cap Management Lc reported 735,478 shares or 0.12% of all its holdings.
Insider Transactions: Since June 14, 2016, the stock had 6 buys, and 2 selling transactions for $715,084 net activity. CANNELL CAPITAL LLC bought 45,000 shares worth $180,435. 1,000 shares were bought by Denother Josef A., worth $4,600 on Thursday, August 11. Another trade for 39,500 shares valued at $402,089 was sold by Hershberger Michael D. McNamee Patrick bought $67,760 worth of stock. 59,000 shares were sold by Telkamp Bruce, worth $598,847.
About 396,522 shares traded hands. Health Insurance Innovations Inc (NASDAQ:HIIQ) has risen 107.93% since April 27, 2016 and is uptrending. It has outperformed by 102.70% the S&P500.
Health Insurance Innovations, Inc. is a developer, distributor and virtual administrator of individual and family health insurance plans and supplemental products. The company has a market cap of $196.71 million. The Firm sells individual and family insurance plans that include short-term medical (STM) insurance plans and hospital indemnity plans. It has a 21.49 P/E ratio. The Firm operates through Insurance Plan Development and Distribution (IPD) segment.
According to Zacks Investment Research, “Health Insurance Innovations, Inc. operates as a developer and administrator of web-based individual health insurance plans and ancillary products. Its product portfolio consists of short-term medical plans, accident, sickness & hospital medical plans, ancillary insurance, life insurance, lifestyle and discount services. Health Insurance Innovations, Inc. is based in Tampa, Florida.”
Analysts await Health Insurance Innovations Inc (NASDAQ:HIIQ) to report earnings on March, 2. They expect $0.17 EPS, up 70.00% or $0.07 from last year’s $0.1 per share. HIIQ’s profit will be $2.48 million for 19.84 P/E if the $0.17 EPS becomes a reality. After $0.33 actual EPS reported by Health Insurance Innovations Inc for the previous quarter, Wall Street now forecasts -48.48% negative EPS growth.
More notable recent Health Insurance Innovations Inc (NASDAQ:HIIQ) news were published by: Nasdaq.com which released: “Health Insurance Innovations, Inc. Appoints Gavin Southwell as Chief Executive ..” on November 15, 2016, also Marketwatch.com with their article: “Health Insurance Innovations drops 20% after downgrade” published on June 09, 2016, Globenewswire.com published: “Health Insurance Innovations, Inc. Reports Record Third Quarter 2016 Financial ..” on November 02, 2016. More interesting news about Health Insurance Innovations Inc (NASDAQ:HIIQ) were released by: Investorplace.com and their article: “Health Insurance Innovations Inc (HIIQ): Micro-Cap Roars on Earnings Beat” published on August 09, 2016 as well as Globenewswire.com‘s news article titled: “Health Insurance Innovations, Inc. To Announce Third Quarter 2016 Financial ..” with publication date: October 25, 2016.
Health Insurance Innovations, Inc., incorporated on October 26, 2012, is a developer, distributor and virtual administrator of individual and family health insurance plans and supplemental products. The Firm sells individual and family insurance plans (IFP) that include short-term medical (STM) insurance plans and hospital indemnity plans. The Firm operates through Insurance Plan Development and Distribution (IPD) segment. The Company’s products include STM, hospital indemnity plans and supplemental products. The Company’s STM plans cover individuals for over 360 days with a range of co-pay and deductible options. Individual major medical (IMM) plans cover prescription drugs, pre-existing conditions and preventive care, while STM plans provide optional coverage for prescription drugs. The Company’s hospital indemnity plans provide a daily cash benefit for hospital treatment and doctor office visits, as well as accidental injury and death or dismemberment benefits.
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