Health Insurance Innovations Inc. (NASDAQ:HIIQ)’s share price was down 5.3% during trading on Wednesday . The company traded as low as $4.24 and last traded at $4.45, with a volume of 447,006 shares traded. The stock had previously closed at $4.70.

A number of equities analysts have commented on HIIQ shares. TheStreet raised Health Insurance Innovations from a “sell” rating to a “hold” rating in a research note on Monday, May 23rd. Zacks Investment Research cut Health Insurance Innovations from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. Raymond James Financial Inc. cut Health Insurance Innovations from a “strong-buy” rating to a “market perform” rating in a research note on Thursday, June 9th. Finally, Northland Securities started coverage on Health Insurance Innovations in a research note on Tuesday, June 7th. They issued an “outperform” rating on the stock.

The firm has a market cap of $64.88 million and a PE ratio of 9.47. The firm has a 50 day moving average price of $4.06 and a 200 day moving average price of $5.53.

Health Insurance Innovations (NASDAQ:HIIQ) last released its quarterly earnings data on Monday, August 8th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.21. The business earned $44.50 million during the quarter, compared to the consensus estimate of $37.11 million. Equities research analysts anticipate that Health Insurance Innovations Inc. will post $0.51 earnings per share for the current year.

In other Health Insurance Innovations news, major shareholder Cannell Capital Llc acquired 11,144 shares of the company’s stock in a transaction dated Wednesday, June 29th. The stock was purchased at an average price of $3.94 per share, with a total value of $43,907.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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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