Health Insurance Innovations Inc. (NASDAQ:HIIQ) CFO Michael D. Hershberger sold 39,500 shares of Health Insurance Innovations stock in a transaction on Monday, November 21st. The stock was sold at an average price of $10.18, for a total value of $402,110.00. Following the transaction, the chief financial officer now directly owns 160,369 shares of the company’s stock, valued at $1,632,556.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Health Insurance Innovations Inc. (NASDAQ:HIIQ) opened at 11.10 on Wednesday. Health Insurance Innovations Inc. has a 12-month low of $3.72 and a 12-month high of $11.50. The firm has a market capitalization of $85.96 million, a PE ratio of 17.54 and a beta of -0.32. The stock has a 50 day moving average price of $6.75 and a 200-day moving average price of $5.53.

Insider Buying and Selling by Quarter for Health Insurance Innovations (NASDAQ:HIIQ)

Several hedge funds have recently made changes to their positions in HIIQ. Cannell Capital LLC boosted its stake in shares of Health Insurance Innovations by 0.4% in the third quarter. Cannell Capital LLC now owns 1,174,962 shares of the company’s stock worth $6,169,000 after buying an additional 4,343 shares during the last quarter. AWM Investment Company Inc. acquired a new position in shares of Health Insurance Innovations during the third quarter worth about $630,000. Morgan Stanley raised its position in shares of Health Insurance Innovations by 2,268.1% in the third quarter. Morgan Stanley now owns 49,730 shares of the company’s stock worth $261,000 after buying an additional 47,630 shares during the period. Royal Bank of Canada acquired a new position in shares of Health Insurance Innovations during the second quarter worth about $127,000. Finally, Grandeur Peak Global Advisors LLC raised its position in shares of Health Insurance Innovations by 1.1% in the second quarter. Grandeur Peak Global Advisors LLC now owns 221,311 shares of the company’s stock worth $870,000 after buying an additional 2,375 shares during the period. Institutional investors and hedge funds own 28.05% of the company’s stock.

Several equities analysts recently issued reports on the company. Zacks Investment Research raised Health Insurance Innovations from a “hold” rating to a “strong-buy” rating and set a $7.00 price objective for the company in a report on Tuesday, November 8th. Lake Street Capital assumed coverage on Health Insurance Innovations in a report on Thursday, September 15th. They set a “buy” rating and a $9.00 price objective for the company. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $8.00.

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About Health Insurance Innovations

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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