Health Insurance Innovations Inc. (NASDAQ:HIIQ)’s share price dropped 2.9% during trading on Wednesday . The company traded as low as $5.26 and last traded at $5.29, with a volume of 61,857 shares. The stock had previously closed at $5.45.

HIIQ has been the topic of a number of research analyst reports. TheStreet raised shares of Health Insurance Innovations from a “sell” rating to a “hold” rating in a report on Monday, May 23rd. Zacks Investment Research lowered shares of Health Insurance Innovations from a “buy” rating to a “hold” rating in a report on Thursday, July 28th. Raymond James Financial Inc. lowered shares of Health Insurance Innovations from a “strong-buy” rating to a “market perform” rating in a report on Thursday, June 9th. Finally, Northland Securities began coverage on shares of Health Insurance Innovations in a report on Tuesday, June 7th. They issued an “outperform” rating on the stock.

The firm has a market cap of $40.36 million and a P/E ratio of 10.81. The company’s 50-day moving average is $4.32 and its 200-day moving average is $5.48.

Health Insurance Innovations (NASDAQ:HIIQ) last released its quarterly earnings results on Monday, August 8th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.21. The business had revenue of $44.50 million for the quarter, compared to analysts’ expectations of $37.11 million. On average, equities research analysts forecast that Health Insurance Innovations Inc. will post $0.63 earnings per share for the current year.

In other news, major shareholder Cannell Capital Llc acquired 11,144 shares of the business’s stock in a transaction on Wednesday, June 29th. The shares were acquired at an average price of $3.94 per share, for a total transaction of $43,907.36. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Patrick Mcnamee acquired 15,000 shares of the business’s stock in a transaction on Wednesday, August 10th. The shares were purchased at an average price of $4.52 per share, for a total transaction of $67,800.00. 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.

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