Health Insurance Innovations Inc. (NASDAQ:HIIQ) traded up 3.3% on Tuesday . The stock traded as high as $5.40 and last traded at $5.40, with a volume of 64,526 shares. The stock had previously closed at $5.23.

Several equities research analysts recently weighed in on the stock. Northland Securities assumed coverage on shares of Health Insurance Innovations in a research note on Tuesday, June 7th. They set an “outperform” rating on the stock. 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. TheStreet raised shares of Health Insurance Innovations from a “sell” rating to a “hold” rating in a research report on Monday, May 23rd. Finally, Zacks Investment Research raised shares of Health Insurance Innovations from a “hold” rating to a “strong-buy” rating and set a $7.25 price objective on the stock in a research report on Thursday, May 12th.

The stock has a market cap of $43.40 million and a P/E ratio of 11.63. The company’s 50 day moving average price is $4.44 and its 200 day moving average price is $5.47.

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

In related news, CEO Patrick Mcnamee bought 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The shares were acquired at an average cost of $4.52 per share, with a total value of $67,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Cannell Capital Llc bought 11,144 shares of the firm’s stock in a transaction that occurred on Wednesday, June 29th. The stock was bought at an average cost of $3.94 per share, for a total transaction 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.

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.