Shares of Health Insurance Innovations Inc. (NASDAQ:HIIQ) shot 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 changing hands. The stock had previously closed at $5.23.

Several brokerages have recently commented on HIIQ. TheStreet upgraded Health Insurance Innovations from a “sell” rating to a “hold” rating in a report on Monday, May 23rd. Zacks Investment Research lowered Health Insurance Innovations from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. Northland Securities began coverage on Health Insurance Innovations in a research note on Tuesday, June 7th. They issued an “outperform” rating for the company. Finally, Raymond James Financial Inc. lowered Health Insurance Innovations from a “strong-buy” rating to a “market perform” rating in a research note on Thursday, June 9th.

The stock has a 50-day moving average price of $4.32 and a 200 day moving average price of $5.48. The stock has a market capitalization of $41.20 million and a P/E ratio of 11.040.

Health Insurance Innovations (NASDAQ:HIIQ) last announced its earnings results on Monday, August 8th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.21. The firm earned $44.50 million during the quarter, compared to analysts’ expectations of $37.11 million. Equities research analysts forecast that Health Insurance Innovations Inc. will post $0.63 earnings per share for the current fiscal year.

In other Health Insurance Innovations news, CEO Patrick Mcnamee purchased 15,000 shares of the company’s stock in a transaction on Wednesday, August 10th. The stock was acquired at an average price of $4.52 per share, for a total transaction of $67,800.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Cannell Capital Llc purchased 45,000 shares of the company’s stock in a transaction on Thursday, June 16th. The stock was acquired at an average price of $4.01 per share, with a total value of $180,450.00. 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.