In a report released yesterday, Richard Close from Canaccord Genuity maintained a Buy rating on Health Insurance Innovations (NASDAQ: HIIQ), with a price target of $55. The company’s shares opened today at $26.50.
Close commented:
“We remain positive considering Agile is off to a strong start in 2Q, new distributors were added in 1Q’18 that are not contemplated in 2018 guidance, the STM 3-month rule reversal could come soon, and the multi-state investigation is nearing its completion. We maintain our BUY rating and will review our model and $55 price target after tomorrow’s conference call.”
According to TipRanks.com, Close is a 5-star analyst with an average return of 9.8% and a 55.0% success rate. Close covers the Services sector, focusing on stocks such as Envision Healthcare, Hms Holdings Corp, and Evolent Health.
Currently, the analyst consensus on Health Insurance Innovations is Strong Buy and the average price target is $48.14, representing an 81.7% upside.
In a report released today, Cantor Fitzgerald also reiterated a Buy rating on the stock with a $60 price target.
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The company has a one-year high of $37.38 and a one-year low of $12.65. Currently, Health Insurance Innovations has an average volume of 393.8K.
Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HIIQ in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Health Insurance Innovations, Inc. is a developer, distributor and virtual administrator of affordable individual and family health insurance plans and supplemental products. The company sells individual and family insurance plans that include short-term medical insurance plans and hospital indemnity plans.
