Shares of Health Insurance Innovations Inc (NASDAQ:HIIQ) traded up 5.1% during mid-day trading on Tuesday . The stock traded as high as $26.53 and last traded at $26.12. 1,193,745 shares traded hands during trading, an increase of 26% from the average session volume of 947,688 shares. The stock had previously closed at $24.85.

Several analysts recently issued reports on the company. BidaskClub cut Health Insurance Innovations from a “hold” rating to a “sell” rating in a research report on Monday, April 1st. Zacks Investment Research cut Health Insurance Innovations from a “buy” rating to a “hold” rating in a research report on Friday, March 8th. ValuEngine cut Health Insurance Innovations from a “sell” rating to a “strong sell” rating in a research report on Saturday, April 13th. B. Riley cut Health Insurance Innovations from a “buy” rating to a “neutral” rating and cut their target price for the stock from $50.00 to $45.00 in a research report on Wednesday, February 27th. Finally, Lake Street Capital raised their price target on Health Insurance Innovations to $80.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $60.13.

The firm has a market cap of $434.19 million, a price-to-earnings ratio of 14.20 and a beta of 1.73.

Health Insurance Innovations (NASDAQ:HIIQ) last released its quarterly earnings results on Wednesday, March 6th. The financial services provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.21. The business had revenue of $131.90 million during the quarter, compared to analysts’ expectations of $83.12 million. Health Insurance Innovations had a return on equity of 28.34% and a net margin of 4.49%. The firm’s revenue for the quarter was up 89.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 EPS. As a group, research analysts anticipate that Health Insurance Innovations Inc will post 2.67 earnings per share for the current year.

In related news, Director John Fichthorn acquired 93,742 shares of the stock in a transaction dated Wednesday, March 20th. The stock was acquired at an average cost of $29.28 per share, with a total value of $2,744,765.76. Following the purchase, the director now directly owns 72,869 shares of the company’s stock, valued at $2,133,604.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gavin Southwell sold 65,899 shares of the firm’s stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $40.31, for a total value of $2,656,388.69. Following the completion of the sale, the chief executive officer now directly owns 609,723 shares of the company’s stock, valued at $24,577,934.13. The disclosure for this sale can be found here. Insiders have sold a total of 117,666 shares of company stock valued at $4,739,789 in the last 90 days. 55.94% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of the company. GSA Capital Partners LLP lifted its stake in shares of Health Insurance Innovations by 1.2% in the 4th quarter. GSA Capital Partners LLP now owns 23,265 shares of the financial services provider’s stock valued at $622,000 after purchasing an additional 284 shares during the last quarter. Trellus Management Company LLC lifted its stake in shares of Health Insurance Innovations by 0.8% in the 1st quarter. Trellus Management Company LLC now owns 60,500 shares of the financial services provider’s stock valued at $1,623,000 after purchasing an additional 500 shares during the last quarter. Two Sigma Advisers LP lifted its stake in shares of Health Insurance Innovations by 1.1% in the 4th quarter. Two Sigma Advisers LP now owns 62,800 shares of the financial services provider’s stock valued at $1,679,000 after purchasing an additional 700 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in shares of Health Insurance Innovations by 220.3% in the 4th quarter. Meeder Asset Management Inc. now owns 2,841 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 1,954 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its stake in shares of Health Insurance Innovations by 196.3% in the 4th quarter. Macquarie Group Ltd. now owns 3,556 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 2,356 shares during the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

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About Health Insurance Innovations (NASDAQ:HIIQ)

Health Insurance Innovations, Inc operates as a cloud-based technology platform and distributor of individual and family health insurance plans, and supplemental products in the United States. It offers short-term medical plans that provide 3 months to 12 months of health insurance coverage with various deductible and copay levels; health benefit insurance plans, which offer fixed cash benefits and additional benefits for procedures and services; and supplemental insurance products, including life insurance policies, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans, and pharmacy benefit cards.

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