Lake Street Initiates Coverage on Health Insurance Innovations Inc to Buy

Lake Street Initiates Coverage on Health Insurance Innovations Inc(NASDAQ:HIIQ). The shares have been rated Buy. The rating by Lake Street was issued on Sep 15, 2016.

Health Insurance Innovations Inc (HIIQ) shares turned negative on Tuesdays trading session with the shares closing down -0.1248 points or -2.34% at a volume of 1,56,575. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $5.53. The peak price level was also seen at $5.53 while the days lowest was $5.21. Finally the shares closed at $5.2152. The 52-week high of the shares is $8.535 while the 52-week low is $3.72. According to the latest information available, the market cap of the company is $77 M.

Health Insurance Innovations Inc(HIIQ) last announced its earnings results on Aug 8, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $44.49M. Analysts had an estimated revenue of $37.11M. Earnings per share were $0.27. Analysts had estimated an EPS of $0.06.

Several Insider Transactions has been reported to the SEC. On Aug 12, 2016, Patrick Mcnamee (CEO) purchased 15,000 shares at $4.52 per share price.Also, On Aug 12, 2016, Michael D Hershberger (CFO) purchased 1,000 shares at $4.49 per share price.On Aug 12, 2016, Josef A. Denother (COO) purchased 1,000 shares at $4.60 per share price, according to the Form-4 filing with the securities and exchange commission.

Health Insurance Innovations Inc. is a developer distributor and administrator of cloud-based individual health insurance plans and ancillary products. The Company operates through two business segments: Insurance Plan Development and Distribution (IPD) and HP. IPD segment is engaged in designing implementing and administering short-term medical (STM) and other products and the distribution of STM and other products to consumer through its call center distribution network and online purchasing. HP segment includes the business activities of HealthPocket (HP) a subsidiary of the Company including the development of and generation of referral-based and other revenues. The Company offers products such as STM plans hospital indemnity plans and ancillary products.

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