Stock Chatter: A Look into Health Insurance Innovations, Inc. (NASDAQ:HIIQ) Shares

Health Insurance Innovations, Inc. (NASDAQ:HIIQ) currently has an Average Broker Rating of 1.6. The ABR rank within the industry stands at 194. This number is based on the 5 sell-side firms polled by Zacks.  

Each brokerage research report carries with it some form of recommendation. The brokerage firms may use different lingo for their rating systems (like saying Outperform instead of Buy), but they can all be properly sorted into our 5 level classification system that is now the industry standard. Each of the 5 classifications has a value associated with it to help compute the ABR. 

As the name implies the ABR will show you the Average of Brokerage Recommendations on a given stock. The benefit is that you quickly get a snapshot of where Wall Street stands on a stock without having to read a mountain of research reports.

Broker recommendations are made by brokerage firms (for example, JP Morgan) and are not an outright recommendation to buy or sell a share, but instead give an indication of how the broker thinks the company will perform relative to its sector. Their recommendations are issued over a particular period of time. The recommendations provided in the Research Centre are shown on a 75 day rolling basis. Each brokerage firm has its own way of rating that may make it difficult to compare broker recommendations between the brokerage houses.

For example, at one brokerage “buy” may be the strongest recommendation, while at another “buy” could be second to a “strong buy” rating. The second-highest ratings also have a number of different other names: “accumulate”, “outperform”, “moderate buy” or “overweight”.

Analysts on a consensus basis are expecting that the stock will reach $65.29 within the year.

Stock analysis typically falls into two main categories. Some investors may prefer technical analysis, and others may prefer to study the fundamentals. Many investors will keep an eye on both. Technical analysis involves trying to project future stock price movements based on prior stock activity. Technicians strive to identify chart patterns and study other historical price and volume data. Technical investors look to identify trends when assessing a stock. The trend is typically considered to be the main direction of the share price. Trends are generally categorized as either up, down, or sideways. If a bullish trend is spotted, the trader may expect the upward trend to continue and thus try to capitalize on further upward action.

Health Insurance Innovations, Inc. (NASDAQ:HIIQ) closed the last session at $34.17 and sees an average of 1343923 shares trade hands in each session. The 52-week low of the stock stands at $25.18 while the current level stands at 24.65% of the 52-week High-Low range. Looking further out we can see that the stock has moved 26.98% over the past 12 weeks and 27.83% year to date.

Research analysts are predicting that Health Insurance Innovations, Inc. (NASDAQ:HIIQ) will report earnings of $0.6 per share when the firm issues their next quarterly report. This is the consensus earnings per share number according to data from Zack’s Research.

Most recently Health Insurance Innovations, Inc. (NASDAQ:HIIQ) posted quarterly earnings of $0.98 which compared to the sell-side estimates of 0.77. The stock’s 12-month trailing earnings per share stands at $2.72. Shares have moved $-14.6 over the past month and more recently, $-9.7 over the past week heading into the earnings announcement. There are 4 analyst projections that were taken into consideration from respected brokerage firms.

4 analysts rate Health Insurance Innovations, Inc. a Buy or Strong Buy, which is 80% of all the analyst ratings.

When conducting stock analysis, investors have a wide array of various classifications to choose from. Growth stocks generally have the potential to produce above average profit growth and revenues. These types of stocks tend to expand quicker than the economy as a whole. Investors also have the option of adding cyclical stocks to the portfolio. Cyclicals are generally companies whose earnings and sales are highly correlated with that of the overall economy. When the economy is doing well, cyclical stocks may be more in favor. Investors may decide to go in another direction when the economy is dragging. When an economic downturn is underway, investors may choose to select defensive stocks. These types of stocks generally stand up well during down periods based on their insulation from the business cycle. Investors also have the option of purchasing foreign stocks to help add some diversity to the portfolio. 

This article is informational purposes only and should not be considered a recommendation to buy or sell the stock.