Shares of Health Insurance Innovations Inc. (NASDAQ:HIIQ) traded up 2.3% during trading on Monday . The stock traded as high as $5.42 and last traded at $5.35, with a volume of 181,681 shares traded. The stock had previously closed at $5.23.

Several analysts have recently commented on the stock. TheStreet raised shares of Health Insurance Innovations from a “sell” rating to a “hold” rating in a research report on Monday, May 23rd. Zacks Investment Research downgraded shares of Health Insurance Innovations from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th. Northland Securities assumed coverage on shares of Health Insurance Innovations in a research report on Tuesday, June 7th. They set an “outperform” rating for the company. Finally, Raymond James Financial Inc. downgraded shares of Health Insurance Innovations from a “strong-buy” rating to a “market perform” rating in a research report on Thursday, June 9th.

The stock has a 50-day moving average price of $4.26 and a 200 day moving average price of $5.49. The stock has a market cap of $41.21 million and a P/E ratio of 11.04.

Health Insurance Innovations (NASDAQ:HIIQ) last released its earnings results on Monday, August 8th. The company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.21. The firm earned $44.50 million during the quarter, compared to the consensus estimate of $37.11 million. On average, equities analysts predict that Health Insurance Innovations Inc. will post $0.63 earnings per share for the current year.

In other news, CEO Patrick Mcnamee bought 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, for a total transaction of $67,800.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Cannell Capital Llc bought 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, with a total value of $43,907.36. The disclosure for this purchase can be found here.

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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