Health Insurance Innovations, Inc. (HIIQ)’s Multiple Top Points to Lower Stock Risks

July 14, 2018 - By Duane Lopez

Health Insurance Innovations, Inc. (NASDAQ:HIIQ) Logo

Investors sentiment increased to 1.32 in 2018 Q1. Its up 0.37, from 0.95 in 2017Q4. It increased, as 10 investors sold Health Insurance Innovations, Inc. shares while 34 reduced holdings. 32 funds opened positions while 26 raised stakes. 11.01 million shares or 4.00% more from 10.59 million shares in 2017Q4 were reported.
Moreover, Bnp Paribas Arbitrage Sa has 0% invested in Health Insurance Innovations, Inc. (NASDAQ:HIIQ) for 2,425 shares. 43,580 were accumulated by Art Advsrs Limited Liability Corporation. Ameritas Prtnrs reported 983 shares. Walleye Trading holds 0% of its portfolio in Health Insurance Innovations, Inc. (NASDAQ:HIIQ) for 4,180 shares. Hancock Holdg Co reported 0.01% stake. Manufacturers Life Insurance The owns 9,848 shares. Aqr Management holds 0.01% of its portfolio in Health Insurance Innovations, Inc. (NASDAQ:HIIQ) for 194,736 shares. Moreover, Axa has 0% invested in Health Insurance Innovations, Inc. (NASDAQ:HIIQ) for 16,500 shares. 23,220 were accumulated by Alliancebernstein L P. Qs Llc stated it has 306 shares or 0% of all its holdings. Legal & General Group Public Ltd invested in 1,999 shares or 0% of the stock. Millennium Mngmt Ltd owns 369,959 shares. Goldman Sachs Gp holds 137,208 shares. Moreover, Engineers Gate Manager Lp has 0.09% invested in Health Insurance Innovations, Inc. (NASDAQ:HIIQ) for 47,647 shares. Ameriprise Fincl reported 85,393 shares.

Since January 25, 2018, it had 2 insider buys, and 5 insider sales for $43.26 million activity. BARKETT ANTHONY bought $99,439 worth of stock. Another trade for 9,970 shares valued at $360,799 was made by Telkamp Bruce on Thursday, March 29. On Friday, May 4 FICHTHORN JOHN bought $133,223 worth of Health Insurance Innovations, Inc. (NASDAQ:HIIQ) or 5,000 shares. Wang Sheldon also sold $141,500 worth of Health Insurance Innovations, Inc. (NASDAQ:HIIQ) shares.

The stock of Health Insurance Innovations, Inc. (HIIQ) shows a multiple tops pattern with $34.34 target or 5.00 % above today’s $32.70 share price. The 5 months chart pattern indicates low risk for the $577.99M company. It was reported on Jul, 14 by Finviz.com. If the $34.34 price target is reached, the company will be worth $28.90 million more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock decreased 1.51% or $0.5 during the last trading session, reaching $32.7. About 198,539 shares traded. Health Insurance Innovations, Inc. (NASDAQ:HIIQ) has risen 44.10% since July 14, 2017 and is uptrending. It has outperformed by 31.53% the S&P500.

Analysts await Health Insurance Innovations, Inc. (NASDAQ:HIIQ) to report earnings on August, 1. They expect $0.53 EPS, up 15.22 % or $0.07 from last year’s $0.46 per share. HIIQ’s profit will be $9.37M for 15.42 P/E if the $0.53 EPS becomes a reality. After $0.36 actual EPS reported by Health Insurance Innovations, Inc. for the previous quarter, Wall Street now forecasts 47.22 % EPS growth.

Health Insurance Innovations, Inc. (NASDAQ:HIIQ) Ratings Coverage

Among 8 analysts covering Health Insurance Innovations (NASDAQ:HIIQ), 8 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Health Insurance Innovations has $60.0 highest and $38.0 lowest target. $47.14’s average target is 44.16% above currents $32.7 stock price. Health Insurance Innovations had 18 analyst reports since January 26, 2018 according to SRatingsIntel. The company was maintained on Wednesday, May 2 by Cantor Fitzgerald. On Thursday, March 1 the stock rating was maintained by Craig Hallum with “Buy”. FBR Capital initiated Health Insurance Innovations, Inc. (NASDAQ:HIIQ) rating on Monday, February 12. FBR Capital has “Buy” rating and $38.0 target. The firm earned “Buy” rating on Friday, March 9 by Cantor Fitzgerald. Lake Street maintained the stock with “Buy” rating in Thursday, March 1 report. The stock of Health Insurance Innovations, Inc. (NASDAQ:HIIQ) earned “Outperform” rating by Raymond James on Thursday, March 1. The firm earned “Buy” rating on Thursday, May 3 by Canaccord Genuity. The stock has “Buy” rating by Cantor Fitzgerald on Thursday, April 12. Canaccord Genuity maintained the shares of HIIQ in report on Friday, March 2 with “Buy” rating. As per Wednesday, February 14, the company rating was maintained by Cantor Fitzgerald.

More news for Health Insurance Innovations, Inc. (NASDAQ:HIIQ) were recently published by: Investorplace.com, which released: “10 Top Stock Ideas to Beat the Blues” on July 06, 2018. Nasdaq.com‘s article titled: “Report: Exploring Fundamental Drivers Behind Health Insurance Innovations, M/I Homes, Deckers Outdoor, Evertec …” and published on June 28, 2018 is yet another important article.

Health Insurance Innovations, Inc. operates as a developer, distributor, and administrator of cloud individual health and family insurance plans, and supplemental products in the United States. The company has market cap of $577.99 million. The firm offers short-term medical plans that cover individuals for up to 364 days with various deductible and copay levels; hospital indemnity plans, which provide daily cash benefit for hospital treatment and doctor office visits, as well as accidental injury and death or dismemberment benefits; and supplemental insurance products comprising pharmacy benefit cards, dental plans, vision plans, and cancer/critical illness plans, as well as deductible and gap protection plans, and life insurance policies. It has a 25.33 P/E ratio. It creates and structures individual health and family insurance plans, and supplemental products on behalf of insurance carriers and discount benefit providers; and market them to individuals through a network of distributors.

Health Insurance Innovations, Inc. (NASDAQ:HIIQ) Institutional Positions Chart

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