Benefytt Technologies Inc (fka HII)

[QaB2i]

BPO centers that robo call seniors are a flop

[stockguard]

https://thefly.com/landingPageNews.php?id=2993384&headline=HIIQ-Health-Insurance-Innovations-price-target-raised-to--from--at-Lake-Street

Health Insurance Innovations price target raised to $50 from $40 at Lake Street

Lake Street analyst Mark Argento raised his price target for Health Insurance Innovations to $50 from $40 and reiterates a Buy rating on the shares. While the company's Q3 sales were lower than estimates, driven by a slower than anticipated ramp of the new BPO centers focused on Medicare offerings, its profitability was strong, Argento tells investors in a research note. He reiterates a Buy rating on the shares

[stockguard]

Today Cantor says Health Insurance Innovations CEO confirmed decreased Chubb business Cantor Fitzgerald analyst Steven Halper said he spoke with Health Insurance Innovations' (HIIQ) CEO Gavin Southwell about last week's business update, after which the analyst does not believe the company intended to communicate that it was winding down its IFP business but appears to be undertaking a series of moves to improve the performance and profitability of the segment. Southwell confirmed that the company has been decreasing its business with Chubb (CB) over the period of several months and added that he expects the company to announce a new relationship with "a much larger insurance carrier," according to Halper, who noted that the company has rotated carrier relationships in the past and he views this case as no different. The analyst, who believes the risk/reward is attractive regardless of the outcome of the strategic review process, keeps an Overweight rating on Health Insurance Innovations shares, which are down 90c, 4.5%, to $18.85 near midday.

https://thefly.com/landingPageNews.php?id=3011176&headline=HIIQ;CB-Health-Insurance-Innovations-Chubb-analyst-commentary-

[stockguard]

ANALYSTS ARE BULLISH ON TOP FINANCIAL STOCKS: HEALTH INSURANCE INNOVATIONS (HIIQ) December 24, 2019



Health Insurance Innovations (HIIQ)

In a report released today, Randy Binner from B.Riley FBR reiterated a Buy rating on Health Insurance Innovations, with a price target of $45.00. The company’s shares closed last Monday at $18.70, close to its 52-week low of $15.95.

According to TipRanks.com, Binner is a 5-star analyst with an average return of 11.8% and a 63.8% success rate. Binner covers the Financial sector, focusing on stocks such as Federal National Mortgage Association, American Equity Investment Life, and National General Holdings.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Health Insurance Innovations with a $55.00 average price target, a 181.3% upside from current levels. In a report issued on December 13, Craig-Hallum also maintained a Buy rating on the stock with a $40.00 price target.

https://www.markets.co/analysts-are-bullish-on-top-financial-stocks-health-insurance-innovations-hiiq-fortress-transportation-ftai/232096/

[stockguard]

Health Insurance Innovations, Inc. (NASDAQ:HIIQ) has 213 institutional investors and shareholders that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). These institutions hold a total of 12,217,822 shares. Largest shareholders include Cannell Capital Llc, Vanguard Group Inc, P2 Capital Partners, LLC, BlackRock Inc., Susquehanna International Group, Llp, Atom Investors Lp, River Road Asset Management, LLC, Susquehanna International Group, Llp, Citadel Advisors Llc, and Nuveen Asset Management, LLC.

13D from Voss Capital

Purpose of Transaction.
The Reporting Persons purchased the Shares based on the Reporting Persons’ belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make the purchase or sale of Shares desirable, the Reporting Persons may endeavor to increase or decrease their position in the Issuer through, among other things, the purchase or sale of Shares on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Persons may deem advisable.

The Reporting Persons believe that the Issuer is one of the most misunderstood companies in the public markets. The Reporting Persons believe that the Issuer’s Shares are deeply undervalued and do not reflect the high quality of its business, its leading position in the industry, and the Issuer’s potential for long-term revenue, earnings and cash flow growth.

As the Issuer’s individual and family plan (“IFP”) business goes into partial run-off, throwing off prodigious free cash flow in 2020 and beyond, the Reporting Persons believe that the IFP business alone is worth at least $250 million due to the conservatively marked contract assets on the balance sheet. The Reporting Persons are encouraged to hear the Issuer reiterate its commitment to investing in and growing its promising Medicare business. The Issuer’s most direct trading comparable, eHealth Inc. (“EHTH”) (NASDAQ: EHTH), is valued 4.5x 2020 revenue estimates. If the Issuer were to generate close to $150 - $200 million of Medicare related revenue in 2020 and were ascribed EHTH’s 4.5x forward revenue multiple (despite growing even faster than EHTH and being more profitable), that segment alone would be worth multiples of the current Share price.

The M&A environment in the insurance technology and brokerage space has rarely been more active than it is today with numerous well capitalized private equity firms and strategic acquirers buying similar businesses at valuation multiples above 4.0x EV/Sales. The table below shows precedent transactions that have occurred just within the last eight months.

https://www.sec.gov/Archives/edgar/data/1561387/000092189519003059/sc13d10925hea_12232019.htm

[stockguard]

Cantor Fitzgerald (12/20) - Before the market open today, 12/20, HIIQ provided an update regarding its business strategy and ongoing strategic review process. We spoke with management following the news release. The company remains focused on building out its Medicare business, which we believe should be a core long-term growth driver. We believe HIIQ's Medicare progress has been successful thus far, recognizing it is still early.

The company indicated to us that it will be de-emphasizing its legacy IFP business going forward. We note that this does not mean the company will exit the business in the near term. Additionally, HIIQ is focused on maximizing cash flows in its IFP business and enhancing its e-commerce capabilities. The company believes that its existing book of IFP business (e.g., policies in force, expected renewals) should generate about $170 million in net cash flows from existing IFP contract assets and commissions payable. Importantly, HIIQ expects that a "significant amount" of this operating cash flow will be available in 2020. Management indicated to us that the company will monetize the future revenue stream to help cash flow. We note that eHealth (EHTH - Overweight) took a similar strategy (credit agreement) in 2018.

We believe this suggests the company has financial stability and should be able to generate cash flow in the near-term. We believe this may make the asset more attractive to a potential buyer. We note that the company's strategic review process remains ongoing. We believe HIIQ could provide an update soon, recognizing that this could come after January. We continue to view the shares as highly compelling at current levels.

[stockguard]

$HIIQ FWIW Cantor Fitzgerald analyst Steven Halper weighed in on Health Insurance Innovations provided an update on its business strategy and ongoing strategic review process. Halper spoke to management after the news release. He highlighted:

The company reiterated its commitment to building out its growing Medicare business while de-emphasizing its legacy IFP business. HIIQ also indicated that a significant amount of operating cash flows should be available in the near term.

We view the company's cash flow outlook positively as it suggests to us that HIIQ has financial stability. We continue to believe the company is well-positioned in the attractive Medicare market.

We continue to view the shares as highly compelling at current levels

The analyst reiterated an Overweight rating and $80.00 price target on HIIQ.

[whytestocks]

News: $HIIQ Health Insurance Innovations, Inc. Provides Update on Medicare Sales Data

TAMPA, Fla., Dec. 12, 2019 (GLOBE NEWSWIRE) -- Health Insurance Innovations, Inc. (NASDAQ:HIIQ), a leading cloud-based technology platform and distributor of affordable health insurance, life insurance and supplemental products, today announced preliminary results for the 2020 Medicare Annu...

Read the whole news HIIQ - Health Insurance Innovations, Inc. Provides Update on Medicare Sales Data

[whytestocks]

News: $HIIQ Survey: More Than Half of Americans Have Avoided Medical Care Due To Cost

MOUNTAIN VIEW, Calif. , Nov. 22, 2019 /PRNewswire/ -- If there is one thing a majority of Americans can agree on, it's that healthcare costs are too expensive and they want upfront pricing. HealthPocket , a free information source designed to help consumers find medical coverage t...

In case you are interested HIIQ - Survey: More Than Half of Americans Have Avoided Medical Care Due To Cost

[whytestocks]

News: $HIIQ Health Insurance Innovations (HIIQ) Q3 2019 Earnings Call Transcript

Image source: The Motley Fool. Health Insurance Innovations   (NASDAQ: HIIQ) Q3 2019 Earnings Call Nov 12, 2019 , 5:00 p.m. ET Mike Hershberger Continue reading

In case you are interested HIIQ - Health Insurance Innovations (HIIQ) Q3 2019 Earnings Call Transcript

[IOUBLOKE1]

72% shorted

[QaB2i]

How’s Dorfman? It ain’t over

[QaB2i]

$10 bucks cummin ... maybe a buyer for this nothing proprietary product at $5

[QaB2i]

Bloomberg article coming soon for HIIQ
it won’t be complimentary

[1611]

Way, way, way, undervalued. Loading zone. IMO.

[QaB2i]

Selling this all day long ..,

[whytestocks]

News: $HIIQ Health Insurance Innovations, Inc. Announces Exploration of Strategic Alternatives

TAMPA, Fla., July 26, 2019 (GLOBE NEWSWIRE) -- Health Insurance Innovations, Inc. (NASDAQ:HIIQ) (“HIIQ” or “the Company”), a leading cloud-based technology platform and distributor of affordable health insurance, life insurance and supplemental plans, today ...

Got this from Health Insurance Innovations, Inc. Announces Exploration of Strategic Alternatives

[QaB2i]

Who would buy those liabilities?

[behindthebid]

Everything You Need For Your Premarket Including HealthInsuranceInnovations

Health Insurance Innovations $HIIQ announced its interested in selling itself. Every day there is a Premarket Breakfast post with what's going on, why, gappers and sentiment. Today's Post is at

https://www.behindthebid.com/posts/premarket-breakfast-for-friday-july-26th

[QaB2i]

Two Tampa companies accused of selling 'virtually worthless' health insurance plans to hundreds of thousands of consumers nationwide
A federal class action complaint says the Tampa companies targeted a 'vulnerable' group of Americans.

https://www.google.com/amp/s/www.tampabay.com/business/two-tampa-companies-accused-of-selling-virtually-worthless-health-insurance-plans-to-hundreds-of-thousands-of-consumers-nationwide-20190613/%3Ftemplate%3Damp

[whytestocks]

News: $HIIQ Health Insurance Innovations, Inc. Appoints Domenick DiCicco as Chief Compliance Officer & Counsel

TAMPA, Fla., June 28, 2019 (GLOBE NEWSWIRE) -- Health Insurance Innovations, Inc. (NASDAQ:HIIQ) (“HIIQ”), a leading cloud-based technology platform and distributor of affordable health insurance, life insurance and supplemental plans, today announced the appointment of Domenic...

Find out more https://marketwirenews.com/news-releases/health-insurance-innovations-inc-appoints-domenick-dicicco-as-c-8429718.html

[whytestocks]

News: $HIIQ Health Insurance Innovations, Inc. Announces Transformative Acquisition and Other Material Corporate Developments

Re-enters the 65+ Insurance Market Further Diversifies Business/Product Offering Raises 2019 Financial Outlook Signs New $215 Million Credit Agreement TAMPA, Fla., June 06, 2019 (GLOBE NEWSWIRE) -- Health Insurance Innovations, Inc. (NASDAQ:HIIQ) (“HIIQ” or “t...

Got this from https://marketwirenews.com/news-releases/health-insurance-innovations-inc-announces-transformative-acquisition-and-other-material-corporate-developments-8309940.html

[whytestocks]

News: $HIIQ CONSUMER ALERT: LKLSG Investigating Potential Lawsuit Against Health Insurance Innovations LLC Arising Out of Alleged Simple Health Scam

MIAMI , May 14, 2019 /PRNewswire/ -- In a recent federal court filing, a court-appointed Receiver said he "plans to further investigate the role of Health Insurance Innovations, Inc. ("HII") in what he termed "a classic bait-and-switch scam" perpetrated by Simple Health Plans, LLC ("Simpl...

Read the whole news https://marketwirenews.com/news-releases/consumer-alert-lklsg-investigating-potential-lawsuit-against-health-insurance-innovations-llc-arising-out-of-alleged-simple-health-scam-8182388.html

[QaB2i]

Coming apart like overcooked osso bucco

[whytestocks]

News: $HIIQ Health Insurance Innovations, Inc. Reports First Quarter 2019 Results

Revenue of $87.3 million, up 15% YoY Reaffirms 2019 Revenue and Adjusted EBITDA Guidance Raises 2019 Adjusted EPS Guidance - $3.50 to $3.75 TAMPA, Fla., May 06, 2019 (GLOBE NEWSWIRE) -- Health Insurance Innovations, Inc. (NASDAQ:HIIQ), a leading cloud-based technology platform and d...

Find out more https://marketwirenews.com/news-releases/health-insurance-innovations-inc-reports-first-quarter-2019-results-8126248.html

[QaB2i]

At 10 it’s still over valued

[QaB2i]

Perfect.

[QaB2i]

https://www.philly.com/health/obamacare-skimpy-health-plan-villanova-professor-20190405.html?outputType=amp

[QaB2i]

This’s like a capital federation starship officials offense guys selling poo poo telling folkies they forget to buy it Smokey like so shady business into filling fools with their money creation insurance companies that have never owned paid workers worthlessness it all ends in tears and Mercedes Benz pretty as they are more sons of Tampa flailing around like lost swingers at barmitzvahs

[VortMax]

Compliance issues but products in demand more than ever. Easy to find the right balance point. Look for the products to strengthen some and commissions to come down....overall profits here will be over 100m by 2020 market cap just 400m today

[QaB2i]

We are selling this one short it’s a total pig with worms eating it from the inside out.
Get yourself some borrow

[QaB2i]

u got it eom

[QaB2i]

timber!!

[QaB2i]

Just gets better and better

[QaB2i]

Perfect. Eom

[KOmani]

Vicious tweet hits the Health Insurance sector:

SCOOP: House Dems led by @FrankPallone are launching an investigation into some of the biggest companies that sell short-term health insurance plans (which they say are misleading consumers and drawing them away from the more comprehensive but more expensive ACA market)

— Alice Miranda Ollstein (@AliceOllstein) March 13, 2019

[VortMax]

Weird one. Good earnings but riddled with compliant issues. They just lost products in virginia and south carolina this week

[QaB2i]

I’m a seller. All day long

[budgetthis]

Excellent......we are so undervalued.

[VortMax]

$3B valuation here? PPS $200 link

So HIIQ did $60M in 2018 and will do $100M in 2019 and is in a much larger market then GoodRx who does discount drug cards only. HIIQ does discount drug cards paired with short term health. Heck, roll Good RX in here.

In fact, HIIQ should do $100M in 2019 and $150M in 2020, have no doubt that the amount of people looking for short term medical up by 5x starting in 2019 due no tax and that those who buy short term will keep it longer than they have in the past 4 years.

https://www.cnbc.com/2018/06/20/goodrx-acquisition-talks-could-fetch-3-billion.html

[VortMax]

not sure what to say but I do believe 75 PPS in Nov and 80s in December hoping to cash in on calls. all IMO

[VortMax]

My estimates 5.0 EPS 2019 7.50 EPS 2020 9.50 EPS 2021

They went from 50,000 plans sold to 400,000 last 4 years and people buy knowing there was a tax penalty.

Starting January 2019 no tax penalty to own = 5x as many people looking for short term medical as its half price of an ACA plan

[budgetthis]

Thanks Vort......good stuff here.....appreciate it !!

[VortMax]

pure rocket ship. they sell short term health plans, the darling of Trump. they have ramped business in the past 4 years under Obama restrictions from $5M to $60M profits annually. I expect them to double profits just in the next 12 months, from 2.50 EPS to 5.0 as now you can buy these for Jan 1st and not have to worry about a tax penalty.

These guys ramped from 50,000 plans on the books to 400,000 in the last 4 years with anyone buying knowing they still had to pay a penalty.

I expect them to go from 400,000 plans on the books to 800,000 in just the next 12 months.

call it 4.50 EPS for 2019 and I'd say has to be 25 PE so $100 PPS

[VortMax]

75 to 100 here NOW!

[VortMax]

no more tax penalty! HIIQ doubles enrollment in 2019. I'm thinking 5.0 EPS actually. HIIQ hinting at double the business in all PR

[budgetthis]

Looking good, Vortmax.....thanks for the great DD on this beauty.

[VortMax]

HIIQ selling on Healthcare.gov is what this means. 2.5 profit per share in 2018 will be 4.0 in 2019 as profit increases by 50% due the fed allowing people to stay on the plans more than 3 months. LIFETIME VALUE OF EVERY ENROLLMENT JUMPING BY 50% AT LEAST IN 2019 DUE TO THIS.

4.0 turns intoto 8.0 2020 AS PLANS SOLD BY MORE WEBSITES.

PPS 90 should be now, and $125 in 2019.....

https://www.cms.gov/blog/new-state-relief-and-empowerment-waiver-guidance-gives-states-tools-help-fix-broken-health-insurance

[VortMax]

Basically 90 per share here looking at 2019. 2019 likely 85m to 90m earnings

[VortMax]

they repurchased 310,00 shares in Q3, or 2% of all stock in just 1 Q for a small cap OMFG