B. Riley started coverage on shares of Health Insurance Innovations (NASDAQ:HIIQ) in a research report released on Tuesday, Marketbeat reports. The firm issued a buy rating and a $38.00 price target on the financial services provider’s stock.

Several other equities research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Health Insurance Innovations from a buy rating to a hold rating in a research report on Tuesday. BidaskClub cut shares of Health Insurance Innovations from a buy rating to a hold rating in a research report on Saturday. ValuEngine cut shares of Health Insurance Innovations from a buy rating to a hold rating in a research report on Thursday, February 8th. Canaccord Genuity reiterated a buy rating and set a $39.00 price objective on shares of Health Insurance Innovations in a research report on Friday, December 22nd. Finally, Cantor Fitzgerald reiterated a buy rating and set a $38.00 price objective on shares of Health Insurance Innovations in a research report on Tuesday, December 12th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $33.71.

Shares of Health Insurance Innovations (NASDAQ:HIIQ) opened at $24.65 on Tuesday. Health Insurance Innovations has a 12-month low of $12.65 and a 12-month high of $37.38. The firm has a market cap of $407.78, a price-to-earnings ratio of 20.20 and a beta of 0.62.

In other Health Insurance Innovations news, CTO Sheldon Wang sold 5,000 shares of the firm’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $25.00, for a total value of $125,000.00. Following the completion of the sale, the chief technology officer now directly owns 194,001 shares in the company, valued at $4,850,025. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 62,464 shares of company stock valued at $1,605,100 over the last 90 days. Corporate insiders own 30.00% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. bought a new position in shares of Health Insurance Innovations in the second quarter valued at $113,000. Nationwide Fund Advisors bought a new position in shares of Health Insurance Innovations in the second quarter valued at $149,000. The Manufacturers Life Insurance Company lifted its stake in shares of Health Insurance Innovations by 7,616.4% in the second quarter. The Manufacturers Life Insurance Company now owns 8,951 shares of the financial services provider’s stock valued at $210,000 after buying an additional 8,835 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Health Insurance Innovations in the fourth quarter valued at $238,000. Finally, Advisors Asset Management Inc. bought a new position in shares of Health Insurance Innovations in the third quarter valued at $142,000. 64.05% of the stock is currently owned by hedge funds and other institutional investors.

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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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