Health Insurance Innovations (HIIQ) Stock Rating Upgraded by ValuEngine

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

A number of other brokerages also recently issued reports on HIIQ. Zacks Investment Research upgraded shares of Health Insurance Innovations from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Thursday, January 25th. BidaskClub upgraded shares of Health Insurance Innovations from a “hold” rating to a “buy” rating in a report on Friday, December 15th. Canaccord Genuity reiterated a “buy” rating and issued a $39.00 price target on shares of Health Insurance Innovations in a report on Friday, December 22nd. Cantor Fitzgerald restated a “buy” rating and set a $38.00 target price on shares of Health Insurance Innovations in a report on Tuesday, December 12th. Finally, B. Riley assumed coverage on shares of Health Insurance Innovations in a report on Tuesday. They set a “buy” rating and a $38.00 target price for the company. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $33.71.

Health Insurance Innovations (NASDAQ:HIIQ) opened at $24.65 on Wednesday. The stock has a market cap of $407.78, a PE ratio of 20.20 and a beta of 0.62. Health Insurance Innovations has a twelve month low of $12.65 and a twelve month high of $37.38.

In other Health Insurance Innovations news, CTO Sheldon Wang sold 5,000 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $28.30, for a total transaction of $141,500.00. Following the completion of the transaction, the chief technology officer now directly owns 109,001 shares in the company, valued at approximately $3,084,728.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 62,464 shares of company stock valued at $1,605,100 over the last 90 days. 30.00% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of HIIQ. Arrowstreet Capital Limited Partnership increased its holdings in Health Insurance Innovations by 131.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 668,208 shares of the financial services provider’s stock valued at $16,672,000 after acquiring an additional 379,308 shares in the last quarter. Lyon Street Capital LLC increased its holdings in Health Insurance Innovations by 49.4% during the 3rd quarter. Lyon Street Capital LLC now owns 936,747 shares of the financial services provider’s stock valued at $13,583,000 after acquiring an additional 309,668 shares in the last quarter. OxFORD Asset Management LLP purchased a new position in Health Insurance Innovations during the 3rd quarter valued at about $3,553,000. B. Riley Financial Inc. increased its holdings in Health Insurance Innovations by 62.0% during the 3rd quarter. B. Riley Financial Inc. now owns 405,000 shares of the financial services provider’s stock valued at $5,873,000 after acquiring an additional 155,000 shares in the last quarter. Finally, State Street Corp acquired a new stake in shares of Health Insurance Innovations during the 2nd quarter worth about $3,430,000. Hedge funds and other institutional investors own 64.05% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Health Insurance Innovations (NASDAQ:HIIQ)

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