Health Insurance Innovations, Inc. (NASDAQ:HIIQ) CFO Michael D. Hershberger sold 5,000 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $23.22, for a total value of $116,100.00. Following the completion of the transaction, the chief financial officer now directly owns 105,369 shares in the company, valued at approximately $2,446,668.18. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of Health Insurance Innovations, Inc. (NASDAQ:HIIQ) traded down 0.86% during trading on Thursday, hitting $23.15. The stock had a trading volume of 184,213 shares. The company has a market cap of $273.56 million, a PE ratio of 20.89 and a beta of 0.64. The stock’s 50 day moving average is $22.18 and its 200-day moving average is $18.49. Health Insurance Innovations, Inc. has a 12-month low of $3.73 and a 12-month high of $25.60.

Health Insurance Innovations (NASDAQ:HIIQ) last posted its quarterly earnings data on Wednesday, May 3rd. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.05. Health Insurance Innovations had a return on equity of 20.05% and a net margin of 4.77%. The business had revenue of $55.87 million for the quarter, compared to analysts’ expectations of $54.18 million. Analysts forecast that Health Insurance Innovations, Inc. will post $1.44 earnings per share for the current year.

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Several large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its stake in Health Insurance Innovations by 96.0% in the first quarter. Goldman Sachs Group Inc. now owns 77,001 shares of the financial services provider’s stock valued at $1,232,000 after buying an additional 37,711 shares during the period. Lyon Street Capital LLC acquired a new stake in Health Insurance Innovations during the first quarter valued at about $8,772,000. Tudor Investment Corp ET AL acquired a new stake in Health Insurance Innovations during the first quarter valued at about $648,000. Summit Partners Public Asset Management LLC acquired a new stake in Health Insurance Innovations during the first quarter valued at about $4,320,000. Finally, Symmetry Peak Management LLC acquired a new stake in Health Insurance Innovations during the first quarter valued at about $504,000. Institutional investors and hedge funds own 70.48% of the company’s stock.

Several equities analysts have recently commented on HIIQ shares. Canaccord Genuity started coverage on Health Insurance Innovations in a research note on Monday, March 13th. They issued a “buy” rating and a $28.00 price target on the stock. Cantor Fitzgerald started coverage on Health Insurance Innovations in a research note on Thursday, March 30th. They issued an “overweight” rating and a $30.00 price target on the stock. TheStreet lowered Health Insurance Innovations from a “b-” rating to a “c” rating in a research note on Thursday, April 6th. Zacks Investment Research lowered Health Insurance Innovations from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. Finally, Raymond James Financial, Inc. raised Health Insurance Innovations from a “market perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a research note on Thursday, May 4th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $25.50.

Health Insurance Innovations Company Profile

Health Insurance Innovations, Inc is a developer, distributor and cloud-based administrator of individual and family health insurance plans (IFPs) and supplemental products, which include short-term medical (STM) insurance plans, and guaranteed-issue and underwritten hospital indemnity plans. The Company also develops, distributes and administers supplemental products, which include a range of additional insurance and non-insurance products, such as pharmacy benefit cards, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans, and life insurance policies that are purchased as supplements to IFP.

Insider Buying and Selling by Quarter for Health Insurance Innovations (NASDAQ:HIIQ)

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