ValuEngine Upgrades Health Insurance Innovations (HIIQ) to “Buy”

Health Insurance Innovations (NASDAQ:HIIQ) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

Several other equities analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of Health Insurance Innovations from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Wednesday. B. Riley initiated coverage on shares of Health Insurance Innovations in a research note on Tuesday. They set a “buy” rating and a $38.00 price target on the stock. BidaskClub cut shares of Health Insurance Innovations from a “buy” rating to a “hold” rating in a research note on Saturday, February 10th. Canaccord Genuity reaffirmed a “buy” rating and set a $39.00 price target on shares of Health Insurance Innovations in a research note on Friday, December 22nd. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $38.00 price target on shares of Health Insurance Innovations in a research note on Tuesday, December 12th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $33.71.

Health Insurance Innovations (HIIQ) opened at $31.05 on Wednesday. The stock has a market cap of $447.43, a price-to-earnings ratio of 26.09 and a beta of 0.62. Health Insurance Innovations has a 12 month low of $12.65 and a 12 month high of $37.38.

In other news, CTO Sheldon Wang sold 5,000 shares of the company’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $28.30, for a total transaction of $141,500.00. Following the transaction, the chief technology officer now directly owns 109,001 shares of the company’s stock, valued at approximately $3,084,728.30. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have sold 62,464 shares of company stock worth $1,605,100. Corporate insiders own 30.00% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Lyon Street Capital LLC grew its stake in shares of Health Insurance Innovations by 55.2% during the 4th quarter. Lyon Street Capital LLC now owns 1,453,484 shares of the financial services provider’s stock worth $36,264,000 after purchasing an additional 516,737 shares during the period. BlackRock Inc. boosted its position in shares of Health Insurance Innovations by 0.5% in the 4th quarter. BlackRock Inc. now owns 823,596 shares of the financial services provider’s stock worth $20,548,000 after buying an additional 4,154 shares in the last quarter. CAS Investment Partners LLC purchased a new stake in shares of Health Insurance Innovations in the 4th quarter worth about $18,717,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Health Insurance Innovations by 131.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 668,208 shares of the financial services provider’s stock worth $16,672,000 after buying an additional 379,308 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust boosted its position in shares of Health Insurance Innovations by 3.1% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 462,963 shares of the financial services provider’s stock worth $6,713,000 after buying an additional 14,008 shares in the last quarter. 64.05% of the stock is currently owned by institutional investors and hedge funds.

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Health Insurance Innovations Company Profile

Health Insurance Innovations, Inc is a developer, distributor and cloud-based administrator of individual and family health insurance plans (IFPs) and supplemental products, which include short-term medical (STM) insurance plans, and guaranteed-issue and underwritten hospital indemnity plans. The Company also develops, distributes and administers supplemental products, which include a range of additional insurance and non-insurance products, such as pharmacy benefit cards, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans, and life insurance policies that are purchased as supplements to IFP.

Analyst Recommendations for Health Insurance Innovations (NASDAQ:HIIQ)

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