Health Insurance Innovations, Inc. (HIIQ) Forms Multiple Top Chart Pattern; Strong Momentum for Buyers Coming

July 14, 2018 - By Alicia Butler

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.
Friess Associates Lc holds 0.23% or 98,836 shares. Advsr Asset Mngmt Inc invested in 12,512 shares or 0.01% of the stock. Granite Point L P has invested 0.07% of its portfolio in Health Insurance Innovations, Inc. (NASDAQ:HIIQ). Tiaa Cref Mngmt Limited Liability Com has 0% invested in Health Insurance Innovations, Inc. (NASDAQ:HIIQ) for 29,063 shares. 13,342 were accumulated by State Board Of Administration Of Florida Retirement Systems. Lyon Street Cap Ltd Liability Co holds 12.12% or 1.30 million shares. Vanguard Group accumulated 491,790 shares. Prudential Public Limited Com stated it has 0.03% in Health Insurance Innovations, Inc. (NASDAQ:HIIQ). The Mississippi-based Hancock Company has invested 0.01% in Health Insurance Innovations, Inc. (NASDAQ:HIIQ). Moreover, Bridgeway Mngmt has 0.03% invested in Health Insurance Innovations, Inc. (NASDAQ:HIIQ). Petrus Tru Communications Lta invested in 0.09% or 13,169 shares. Gabelli Funds Ltd Liability Company stated it has 52,500 shares. Thompson Davis And Incorporated stated it has 375 shares or 0.03% of all its holdings. Capital World Investors holds 0% or 597,000 shares. P2 Capital Prns Lc owns 635,000 shares for 1.79% of their portfolio.

Since January 25, 2018, it had 2 buys, and 5 selling transactions for $43.26 million activity. $141,500 worth of Health Insurance Innovations, Inc. (NASDAQ:HIIQ) was sold by Wang Sheldon on Thursday, January 25. BARKETT ANTHONY bought $99,439 worth of stock or 3,597 shares. 1.30 million shares were sold by Kosloske Michael W, worth $40.30 million on Thursday, June 7. $133,223 worth of stock was bought by FICHTHORN JOHN on Friday, May 4.

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 firm has “Buy” rating by Cantor Fitzgerald given on Tuesday, February 20. Canaccord Genuity maintained the shares of HIIQ in report on Thursday, May 3 with “Buy” rating. Craig Hallum maintained Health Insurance Innovations, Inc. (NASDAQ:HIIQ) on Thursday, March 1 with “Buy” rating. The company was maintained on Thursday, February 15 by Canaccord Genuity. The rating was maintained by Cantor Fitzgerald with “Buy” on Wednesday, May 2. The firm has “Buy” rating given on Friday, January 26 by Canaccord Genuity. The stock of Health Insurance Innovations, Inc. (NASDAQ:HIIQ) has “Outperform” rating given on Thursday, March 1 by Raymond James. The company was maintained on Thursday, March 1 by Northland Capital. The rating was maintained by Lake Street with “Buy” on Thursday, May 3. The stock of Health Insurance Innovations, Inc. (NASDAQ:HIIQ) earned “Buy” rating by Cantor Fitzgerald on Wednesday, February 14.

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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