Other research analysts also recently issued reports about the company. Lake Street Capital decreased their price target on Nautilus from $8.00 to $5.00 and set a “hold” rating for the company in a report on Tuesday, May 7th. Zacks Investment Research downgraded Essential Properties Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, June 13th. TheStreet raised Rent-A-Center from a “c” rating to a “b-” rating in a report on Tuesday, May 7th. ValuEngine downgraded Virtu Financial from a “hold” rating to a “sell” rating in a report on Tuesday, June 18th. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $75.00 price target on shares of Health Insurance Innovations in a report on Thursday, March 28th. Two analysts have rated the stock with a sell rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $56.11.
Health Insurance Innovations stock opened at $22.99 on Friday. Health Insurance Innovations has a 52 week low of $18.27 and a 52 week high of $63.13. The firm has a market capitalization of $320.20 million, a P/E ratio of 10.59 and a beta of 1.30. The business’s 50-day moving average price is $26.17.
In other news, major shareholder Michael W. Kosloske sold 28,802 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $26.13, for a total transaction of $752,596.26. Following the completion of the transaction, the insider now directly owns 320 shares of the company’s stock, valued at approximately $8,361.60. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Michael W. Kosloske sold 52,526 shares of the company’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $25.29, for a total value of $1,328,382.54. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 327,691 shares of company stock valued at $8,504,415. Corporate insiders own 47.88% of the company’s stock.
Several hedge funds have recently made changes to their positions in HIIQ. Sanders Morris Harris LLC acquired a new position in shares of Health Insurance Innovations in the 2nd quarter valued at $372,000. Trexquant Investment LP lifted its stake in Health Insurance Innovations by 94.0% during the 1st quarter. Trexquant Investment LP now owns 121,590 shares of the financial services provider’s stock worth $3,261,000 after acquiring an additional 58,900 shares in the last quarter. White Pine Capital LLC acquired a new position in Health Insurance Innovations during the 1st quarter worth about $1,048,000. Thompson Siegel & Walmsley LLC acquired a new position in Health Insurance Innovations during the 1st quarter worth about $787,000. Finally, B. Riley Financial Inc. lifted its stake in Health Insurance Innovations by 97.1% during the 1st quarter. B. Riley Financial Inc. now owns 377,608 shares of the financial services provider’s stock worth $10,127,000 after acquiring an additional 185,988 shares in the last quarter.
About Health Insurance Innovations
Health Insurance Innovations, Inc operates as a cloud-based technology platform and distributor of individual and family health insurance plans, and supplemental products in the United States. It offers short-term medical plans that provide 3 months to 12 months of health insurance coverage with various deductible and copay levels; health benefit insurance plans, which offer fixed cash benefits and additional benefits for procedures and services; and supplemental insurance products, including life insurance policies, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans, and pharmacy benefit cards.
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