Could Health Insurance Innovations Inc (HIIQ) Decline After Today’s Huge Increase?

September 13, 2017 - By Marie Mckinney

Investors sentiment increased to 1.47 in 2016 Q4. Its up 0.24, from 1.23 in 2016Q3. It is positive, as 10 investors sold Health Insurance Innovations Inc shares while 9 reduced holdings. 20 funds opened positions while 8 raised stakes. 3.83 million shares or 9.31% more from 3.50 million shares in 2016Q3 were reported.
White Pine Capital Ltd Limited Liability Company accumulated 74,125 shares. Federated Pa invested in 897 shares or 0% of the stock. Prelude Cap Management Limited Liability Co accumulated 65,052 shares. State Bank Of Mellon Corporation accumulated 11,004 shares or 0% of the stock. Granite Point Cap L P holds 1.42% in Health Insurance Innovations Inc (NASDAQ:HIIQ) or 100,000 shares. Moreover, Vanguard has 0% invested in Health Insurance Innovations Inc (NASDAQ:HIIQ) for 211,386 shares. Engineers Gate Manager L P has 0.05% invested in Health Insurance Innovations Inc (NASDAQ:HIIQ). Northern holds 0% or 17,113 shares. Moreover, Suntrust Banks has 0% invested in Health Insurance Innovations Inc (NASDAQ:HIIQ) for 26,971 shares. 165,900 were accumulated by Bridgeway Management. Wells Fargo And Comm Mn has invested 0% in Health Insurance Innovations Inc (NASDAQ:HIIQ). 20,694 are owned by Morgan Stanley. The New Jersey-based Jacobs Levy Equity Mgmt has invested 0.01% in Health Insurance Innovations Inc (NASDAQ:HIIQ). Renaissance Technologies Ltd Liability Corporation stated it has 0.01% of its portfolio in Health Insurance Innovations Inc (NASDAQ:HIIQ). Clarivest Asset Limited Com holds 0.01% or 13,308 shares.

Since March 15, 2017, it had 1 buy, and 14 insider sales for $3.14 million activity. $33,800 worth of Health Insurance Innovations Inc (NASDAQ:HIIQ) shares were sold by Wang Sheldon. Telkamp Bruce sold $489,525 worth of stock. The insider Hershberger Michael D sold 15,000 shares worth $305,585. Murley Robert S also bought $140,770 worth of Health Insurance Innovations Inc (NASDAQ:HIIQ) on Thursday, May 18.

The stock of Health Insurance Innovations Inc (NASDAQ:HIIQ) is a huge mover today! About 1.68 million shares traded or 60.00% up from the average. Health Insurance Innovations Inc (NASDAQ:HIIQ) has risen 227.83% since September 13, 2016 and is uptrending. It has outperformed by 211.13% the S&P500.
The move comes after 8 months positive chart setup for the $349.39M company. It was reported on Sep, 13 by Barchart.com. We have $23.00 PT which if reached, will make NASDAQ:HIIQ worth $27.95 million more.

Health Insurance Innovations Inc (NASDAQ:HIIQ) Ratings Coverage

Among 6 analysts covering Health Insurance Innovations Inc (NASDAQ:HIIQ), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Health Insurance Innovations Inc had 18 analyst reports since August 13, 2015 according to SRatingsIntel. The rating was maintained by Lake Street on Friday, December 30 with “Buy”. On Monday, June 26 the stock rating was downgraded by Raymond James to “Market Perform”. The rating was maintained by Cantor Fitzgerald with “Buy” on Monday, September 11. The rating was maintained by Canaccord Genuity with “Buy” on Friday, July 28. Raymond James downgraded the shares of HIIQ in report on Thursday, June 9 to “Market Perform” rating. The stock of Health Insurance Innovations Inc (NASDAQ:HIIQ) earned “Buy” rating by Northland Capital on Wednesday, August 2. The firm earned “Buy” rating on Thursday, August 3 by Craig Hallum. Northland Capital maintained the shares of HIIQ in report on Tuesday, September 5 with “Buy” rating. As per Wednesday, July 12, the company rating was maintained by Canaccord Genuity. The stock has “Buy” rating by Northland Capital on Friday, June 30.

More notable recent Health Insurance Innovations Inc (NASDAQ:HIIQ) news were published by: Businesswire.com which released: “INVESTOR ALERT: Law Offices of Howard G. Smith Commences Investigation on …” on September 11, 2017, also Globenewswire.com with their article: “HEALTH INSURANCE INNOVATIONS SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY …” published on September 12, 2017, Businesswire.com published: “HEALTH INSURANCE INNOVATIONS LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi …” on September 12, 2017. More interesting news about Health Insurance Innovations Inc (NASDAQ:HIIQ) were released by: Businesswire.com and their article: “HEALTH INSURANCE INNOVATIONS INVESTIGATION INITIATED by Former Louisiana …” published on September 11, 2017 as well as Benzinga.com‘s news article titled: “Health Insurance Innovations And Fraud: Here’s What You Need To Know” with publication date: September 12, 2017.

Health Insurance Innovations, Inc. is a developer, distributor and cloud administrator of individual and family health insurance plans and supplemental products, which include short-term medical (STM) insurance plans, and guaranteed-issue and underwritten hospital indemnity plans. The company has market cap of $349.39 million. The Firm 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. It has a 18.3 P/E ratio. The Company’s STM plans are provided up to six months, 11 months, or 364 days of health insurance coverage with a range of deductible and copay levels.

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