Lake Street Capital started coverage on shares of Health Insurance Innovations Inc. (NASDAQ:HIIQ) in a report issued on Thursday. The firm issued a buy rating and a $9.00 price target on the stock.

Several other research analysts also recently commented on HIIQ. TheStreet raised Health Insurance Innovations from a sell rating to a hold rating in a report on Monday, May 23rd. Northland Securities started coverage on Health Insurance Innovations in a report on Tuesday, June 7th. They issued an outperform rating on the stock. Raymond James Financial Inc. downgraded Health Insurance Innovations from a strong-buy rating to a market perform rating in a report on Thursday, June 9th. Finally, Zacks Investment Research downgraded Health Insurance Innovations from a buy rating to a hold rating in a report on Thursday, July 28th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $7.00.

Health Insurance Innovations (NASDAQ:HIIQ) opened at 5.34 on Thursday. The company has a 50 day moving average of $5.00 and a 200 day moving average of $5.42. The company has a market capitalization of $41.60 million, a price-to-earnings ratio of 11.15 and a beta of -0.29. Health Insurance Innovations has a 52 week low of $3.72 and a 52 week high of $8.54.

Health Insurance Innovations (NASDAQ:HIIQ) last announced its earnings results on Monday, August 8th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.06 by $0.21. The business had revenue of $44.50 million for the quarter, compared to the consensus estimate 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 will post $0.64 EPS for the current fiscal year.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Health Insurance Innovations by 64.1% in the second quarter. Vanguard Group Inc. now owns 349,176 shares of the company’s stock valued at $1,372,000 after buying an additional 136,401 shares during the period. Cannell Capital LLC boosted its position in Health Insurance Innovations by 9.7% in the second quarter. Cannell Capital LLC now owns 1,170,619 shares of the company’s stock valued at $4,601,000 after buying an additional 103,061 shares during the period. Bridgeway Capital Management Inc. boosted its stake in shares of Health Insurance Innovations by 92.4% in the second quarter. Bridgeway Capital Management Inc. now owns 200,900 shares of the company’s stock valued at $790,000 after buying an additional 96,484 shares during the last quarter. Oxford Asset Management acquired a new stake in shares of Health Insurance Innovations during the second quarter valued at approximately $270,000. Finally, Prescott Group Capital Management L.L.C. acquired a new stake in shares of Health Insurance Innovations during the second quarter valued at approximately $219,000. Hedge funds and other institutional investors own 27.82% of the company’s stock.

Health Insurance Innovations Company Profile

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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