Health Insurance Innovations Inc (HIIQ) was Downgraded by Raymond James to ” Mkt Perform”. Earlier the firm had a rating of “Strong Buy ” on the company shares. Raymond James advised their investors in a research report released on Jun 9, 2016.
Health Insurance Innovations Inc closed down -0.01 points or -0.13% at $7.78 with 2,37,189 shares getting traded on Tuesday. Post opening the session at $7.86, the shares hit an intraday low of $7.51 and an intraday high of $8.535 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Aug 25, 2015, Plan Intermediaries Sub Health (CEO) purchased 26,079 shares at $4.62 per share price. According to the SEC, on Aug 24, 2015, Patrick Mcnamee (President) purchased 25,000 shares at $4.56 per share price. On Jun 15, 2015, Paul G Gabos (director) purchased 10,000 shares at $4.92 per share price, according to the Form-4 filing with the securities and exchange commission.
Health Insurance Innovations Inc. is a developer distributor and administrator of cloud-based individual health insurance plans and ancillary products. The Company operates through two business segments: Insurance Plan Development and Distribution (IPD) and HP. IPD segment is engaged in designing implementing and administering short-term medical (STM) and other products and the distribution of STM and other products to consumer through its call center distribution network and online purchasing. HP segment includes the business activities of HealthPocket (HP) a subsidiary of the Company including the development of HealthPocket.com and generation of referral-based and other revenues. The Company offers products such as STM plans hospital indemnity plans and ancillary products.