Health Insurance Innovations Inc (HIIQ) was Initiated by Lake Street to “Buy” and the brokerage firm has set the Price Target at $9. Lake Street advised their investors in a research report released on Sep 15, 2016.
Health Insurance Innovations Inc closed down -0.07 points or -1.49% at $4.62 with 116,704 shares getting traded on Wednesday. Post opening the session at $4.678, the shares hit an intraday low of $4.53 and an intraday high of $4.7 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Aug 12, 2016, Patrick Mcnamee (CEO) purchased 15,000 shares at $4.52 per share price. According to the SEC, on Aug 12, 2016, Michael D Hershberger (CFO) purchased 1,000 shares at $4.49 per share price. On Aug 12, 2016, Josef A. Denother (COO) purchased 1,000 shares at $4.60 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.