Stock Mover of The Day: Health Insurance Innovations Inc Stock Is Rising Now

Stock Mover of The Day: Health Insurance Innovations Inc Stock Is Rising Now

The stock of Health Insurance Innovations Inc (NASDAQ:HIIQ) is a huge mover today! About 419,362 shares traded hands or 46.14% up from the average. Health Insurance Innovations Inc (NASDAQ:HIIQ) has risen 51.72% since April 14, 2016 and is uptrending. It has outperformed by 47.04% the S&P500.
The move comes after 7 months positive chart setup for the $121.94 million company. It was reported on Nov, 16 by Barchart.com. We have $13.31 PT which if reached, will make NASDAQ:HIIQ worth $43.90 million more.

Health Insurance Innovations Inc (NASDAQ:HIIQ) Ratings Coverage

Out of 2 analysts covering Health Insurance Innovations Inc (NASDAQ:HIIQ), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Health Insurance Innovations Inc has been the topic of 3 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Lake Street given on Thursday, September 15. The company was downgraded on Thursday, June 9 by Raymond James.

According to Zacks Investment Research, “Health Insurance Innovations, Inc. operates as a developer and administrator of web-based individual health insurance plans and ancillary products. Its product portfolio consists of short-term medical plans, accident, sickness & hospital medical plans, ancillary insurance, life insurance, lifestyle and discount services. Health Insurance Innovations, Inc. is based in Tampa, Florida.”

Insitutional Activity: The institutional sentiment increased to 1.55 in Q2 2016. Its up 0.55, from 1 in 2016Q1. The ratio is positive, as 4 funds sold all Health Insurance Innovations Inc shares owned while 7 reduced positions. 13 funds bought stakes while 4 increased positions. They now own 4.10 million shares or 3.53% less from 4.25 million shares in 2016Q1.
Blackrock Invest Management Ltd has 1,151 shares for 0% of their US portfolio. Moreover, Art Advsrs Limited Liability Corp has 0% invested in Health Insurance Innovations Inc (NASDAQ:HIIQ) for 13,804 shares. Jacobs Levy Equity Management accumulated 0% or 30,526 shares. Grandeur Peak Glob Advsr Llc holds 0.27% of its portfolio in Health Insurance Innovations Inc (NASDAQ:HIIQ) for 218,936 shares. Fincl Bank Of America Corp De has 0% invested in the company for 107,102 shares. Suntrust Banks, a Georgia-based fund reported 26,971 shares. The Illinois-based Cna Fin has invested 0.01% in Health Insurance Innovations Inc (NASDAQ:HIIQ). Walleye Trading Lc, a Minnesota-based fund reported 12,900 shares. Kcg Inc holds 27,174 shares or 0% of its portfolio. Springbok holds 60,657 shares or 0.03% of its portfolio. Oxford Asset Mgmt holds 0.01% of its portfolio in Health Insurance Innovations Inc (NASDAQ:HIIQ) for 68,788 shares. California Pub Employees Retirement System reported 121,600 shares or 0% of all its holdings. Cortina Asset Management Llc holds 0.12% of its portfolio in Health Insurance Innovations Inc (NASDAQ:HIIQ) for 669,515 shares. Thompson Davis &, a Virginia-based fund reported 7,000 shares. Shamrock Asset Ltd Company has 150 shares for 0% of their US portfolio.

Insider Transactions: Since May 18, 2016, the stock had 6 buys, and 0 insider sales for $285,852 net activity. CANNELL CAPITAL LLC bought $180,435 worth of Health Insurance Innovations Inc (NASDAQ:HIIQ) on Tuesday, June 14. Denother Josef A. also bought $4,600 worth of Health Insurance Innovations Inc (NASDAQ:HIIQ) on Thursday, August 11. McNamee Patrick bought $67,760 worth of stock or 15,000 shares. $4,490 worth of Health Insurance Innovations Inc (NASDAQ:HIIQ) was bought by Hershberger Michael D.

More important recent Health Insurance Innovations Inc (NASDAQ:HIIQ) news were published by: Marketwatch.com which released: “Health Insurance Innovations drops 20% after downgrade” on June 09, 2016, also Globenewswire.com published article titled: “Health Insurance Innovations, Inc. Reports Record Third Quarter 2016 Financial …”, Investorplace.com published: “Health Insurance Innovations Inc (HIIQ): Micro-Cap Roars on Earnings Beat” on August 09, 2016. More interesting news about Health Insurance Innovations Inc (NASDAQ:HIIQ) was released by: Globenewswire.com and their article: “Health Insurance Innovations, Inc. To Announce Second Quarter 2016 Financial …” with publication date: July 11, 2016.

HIIQ Company Profile

Health Insurance Innovations, Inc., incorporated on October 26, 2012, is a developer, distributor and virtual administrator of individual and family health insurance plans and supplemental products. The Firm sells individual and family insurance plans (IFP) that include short-term medical (STM) insurance plans and hospital indemnity plans. The Firm operates through Insurance Plan Development and Distribution (IPD) segment. The Company’s products include STM, hospital indemnity plans and supplemental products. The Company’s STM plans cover individuals for over 360 days with a range of co-pay and deductible options. Individual major medical (IMM) plans cover prescription drugs, pre-existing conditions and preventive care, while STM plans provide optional coverage for prescription drugs. The Company’s hospital indemnity plans provide a daily cash benefit for hospital treatment and doctor office visits, as well as accidental injury and death or dismemberment benefits.

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