Health Insurance Innovations, Inc. (HIIQ) Updates FY17 Earnings Guidance

Health Insurance Innovations, Inc. (NASDAQ:HIIQ) issued an update on its FY17 earnings guidance on Monday morning. The company provided earnings per share guidance of $1.45-1.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.53. The company issued revenue guidance of $225-230 million, compared to the consensus revenue estimate of $230.37 million.

Shares of Health Insurance Innovations, Inc. (NASDAQ HIIQ) traded up 0.92% during midday trading on Monday, hitting $21.95. 960,475 shares of the stock were exchanged. Health Insurance Innovations, Inc. has a 12-month low of $4.00 and a 12-month high of $37.38. The firm has a market cap of $273.69 million, a PE ratio of 17.76 and a beta of 0.65. The firm has a 50-day moving average price of $30.30 and a 200 day moving average price of $22.93.

Health Insurance Innovations (NASDAQ:HIIQ) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.13. The business had revenue of $61.80 million during the quarter, compared to the consensus estimate of $53.69 million. Health Insurance Innovations had a return on equity of 22.89% and a net margin of 5.56%. The business’s revenue for the quarter was up 38.9% compared to the same quarter last year. Analysts predict that Health Insurance Innovations, Inc. will post $1.53 earnings per share for the current fiscal year.

Several research analysts recently weighed in on HIIQ shares. ValuEngine downgraded shares of Health Insurance Innovations from a buy rating to a hold rating in a research note on Monday, August 14th. Zacks Investment Research raised shares of Health Insurance Innovations from a hold rating to a buy rating and set a $33.00 target price for the company in a research note on Friday, August 4th. Canaccord Genuity reissued a buy rating and issued a $39.00 target price on shares of Health Insurance Innovations in a research note on Friday, September 1st. Cantor Fitzgerald reissued a buy rating and issued a $38.00 target price on shares of Health Insurance Innovations in a research note on Friday, September 1st. Finally, Craig Hallum reissued a buy rating and issued a $38.00 target price (up previously from $28.00) on shares of Health Insurance Innovations in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $31.33.

In other news, CFO Michael D. Hershberger sold 5,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $23.22, for a total transaction of $116,100.00. Following the completion of the transaction, the chief financial officer now owns 105,369 shares of the company’s stock, valued at approximately $2,446,668.18. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Bruce Telkamp sold 30,000 shares of the company’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $26.68, for a total transaction of $800,400.00. Following the transaction, the chief executive officer now directly owns 104,001 shares of the company’s stock, valued at approximately $2,774,746.68. The disclosure for this sale can be found here. Insiders sold a total of 194,827 shares of company stock valued at $5,595,708 in the last three months. 30.00% of the stock is currently owned by corporate insiders.

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About Health Insurance Innovations

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.

Earnings History and Estimates for Health Insurance Innovations (NASDAQ:HIIQ)

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