Health Insurance Innovations (HIIQ) Receives a Buy from Northland Securities


Northland Securities analyst Michael Grondahl maintained a Buy rating on Health Insurance Innovations (HIIQ) today and set a price target of $60. The company’s shares opened today at $31.47.

According to TipRanks.com, Grondahl is a 5-star analyst with an average return of 20.4% and a 59.9% success rate. Grondahl covers the Financial sector, focusing on stocks such as Front Yard Residential Corporation, Altisource Portfolio Solutions SA, and Piper Jaffray Companies.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Health Insurance Innovations with a $64.83 average price target, implying a 106.0% upside from current levels. In a report issued on May 24, B.Riley FBR also maintained a Buy rating on the stock with a $45 price target.

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The company has a one-year high of $63.13 and a one-year low of $18.27. Currently, Health Insurance Innovations has an average volume of 1.15M.

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HIIQ in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Health Insurance Innovations, Inc. engages in the distribution of individual and family health insurance plans. It offers short-term medical; accident, sickness, and hospital; ancillary; lifestyle and discount services; and dental insurance plans. The company was founded by Michael W. Kosloske in 2008 and is headquartered in Tampa, FL.

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