Health Insurance Innovations Inc. (NASDAQ:HIIQ) dropped 6.2% during mid-day trading on Tuesday . The stock traded as low as $4.11 and last traded at $4.11, with a volume of 54,565 shares changing hands. The stock had previously closed at $4.38.

HIIQ has been the topic of several research reports. Raymond James Financial Inc. lowered Health Insurance Innovations from a “strong-buy” rating to a “market perform” rating in a research report on Thursday, June 9th. Northland Securities initiated coverage on Health Insurance Innovations in a research report on Tuesday, June 7th. They set an “outperform” rating on the stock. Zacks Investment Research raised Health Insurance Innovations from a “hold” rating to a “strong-buy” rating and set a $7.25 price target on the stock in a research report on Thursday, May 12th. Finally, TheStreet raised Health Insurance Innovations from a “sell” rating to a “hold” rating in a research report on Monday, May 23rd.

The company has a market capitalization of $31.15 million and a PE ratio of 20.99. The company has a 50-day moving average price of $5.47 and a 200 day moving average price of $5.90.

Health Insurance Innovations (NASDAQ:HIIQ) last issued its quarterly earnings data on Monday, May 9th. The company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.14. Analysts anticipate that Health Insurance Innovations Inc. will post $0.43 earnings per share for the current year.

In other Health Insurance Innovations news, major shareholder Cannell Capital Llc bought 8,399 shares of the stock in a transaction on Friday, May 6th. The shares were purchased at an average price of $6.22 per share, with a total value of $52,241.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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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