Health Insurance Innovations Inc. (NASDAQ:HIIQ) shares saw strong trading volume on Monday . 225,161 shares traded hands during trading, an increase of 18% from the previous session’s volume of 190,879 shares.The stock last traded at $5.36 and had previously closed at $5.20.

A number of equities analysts have recently commented on the company. Lake Street Capital assumed coverage on Health Insurance Innovations in a research report on Thursday. They set a “buy” rating and a $9.00 price objective for the company. Zacks Investment Research raised Health Insurance Innovations from a “hold” rating to a “strong-buy” rating and set a $5.00 price objective for the company in a research report on Thursday, August 11th. Raymond James Financial Inc. downgraded Health Insurance Innovations from a “strong-buy” rating to a “market perform” rating in a research report on Thursday, June 9th. Northland Securities initiated coverage on Health Insurance Innovations in a research report on Tuesday, June 7th. They set an “outperform” rating for the company. Finally, TheStreet upgraded Health Insurance Innovations from a “sell” rating to a “hold” rating in a research note on Monday, May 23rd. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $7.00.

The firm has a 50 day moving average of $5.00 and a 200-day moving average of $5.42. The firm has a market capitalization of $41.60 million, a PE ratio of 11.15 and a beta of -0.29.

Health Insurance Innovations (NASDAQ:HIIQ) last issued its earnings results on Monday, August 8th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.21. The business had revenue of $44.50 million for the quarter, compared to analysts’ expectations of $37.11 million. Health Insurance Innovations had a return on equity of 11.78% and a net margin of 2.48%. On average, equities analysts forecast that Health Insurance Innovations Inc. will post $0.64 EPS for the current year.

In related news, CEO Patrick Mcnamee bought 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The shares were acquired at an average cost of $4.52 per share, for a total transaction of $67,800.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Cannell Capital Llc bought 11,144 shares of the firm’s stock in a transaction that occurred on Wednesday, June 29th. The stock was bought at an average price of $3.94 per share, for a total transaction of $43,907.36. The disclosure for this purchase can be found here. 52.70% of the stock is owned by corporate insiders.

Several institutional investors have recently modified their holdings of the company. Grandeur Peak Global Advisors LLC boosted its position in shares of Health Insurance Innovations by 1.1% in the second quarter. Grandeur Peak Global Advisors LLC now owns 221,311 shares of the company’s stock worth $870,000 after buying an additional 2,375 shares during the last quarter. KCG Holdings Inc. acquired a new position in shares of Health Insurance Innovations during the second quarter worth $107,000. Royal Bank of Canada acquired a new position in shares of Health Insurance Innovations during the second quarter worth $127,000. Prescott Group Capital Management L.L.C. acquired a new position in shares of Health Insurance Innovations during the second quarter worth $219,000. Finally, Oxford Asset Management acquired a new position in shares of Health Insurance Innovations during the second quarter worth $270,000. Institutional investors and hedge funds own 27.82% of the company’s stock.

About Health Insurance Innovations

Health Insurance Innovations, Inc is a developer, distributor and virtual administrator of individual and family health insurance plans and supplemental products. The Company sells individual and family insurance plans (IFP) that include short-term medical (STM) insurance plans and hospital indemnity plans.

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