Shares of Health Insurance Innovations Inc. (NASDAQ:HIIQ) saw unusually-high trading volume on Friday . Approximately 116,786 shares were traded during mid-day trading, a decline of 7% from the previous session’s volume of 125,481 shares.The stock last traded at $4.03 and had previously closed at $4.07.

Several research analysts recently commented on the company. TheStreet raised Health Insurance Innovations from a “sell” rating to a “hold” rating in a research report on Monday, May 23rd. Raymond James Financial Inc. cut Health Insurance Innovations from a “strong-buy” rating to a “market perform” rating in a research report on Thursday, June 9th. Northland Securities assumed coverage on Health Insurance Innovations in a research report on Tuesday, June 7th. They issued an “outperform” rating for the company. Finally, Zacks Investment Research raised Health Insurance Innovations from a “hold” rating to a “strong-buy” rating and set a $7.25 target price for the company in a research report on Thursday, May 12th.

The stock’s 50-day moving average price is $5.01 and its 200 day moving average price is $5.81. The company has a market capitalization of $30.76 million and a P/E ratio of 20.73.

Health Insurance Innovations (NASDAQ:HIIQ) last posted its earnings results on Monday, May 9th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.14. Equities analysts anticipate that Health Insurance Innovations Inc. will post $0.43 EPS for the current year.

In other Health Insurance Innovations news, major shareholder Cannell Capital Llc bought 8,399 shares of the firm’s stock in a transaction that occurred on Friday, May 6th. The shares were acquired at an average cost of $6.22 per share, with a total value of $52,241.78. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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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