Maxim analyst Allen Klee thinks the market is overreacting to Ebix's announcement that it will be changing auditors, noting that his understanding is that the company is required to use an Indian auditor given that India has become a majority of its revenue. He also noted that the company said it plans to engage a "Big 4" auditor for all operations in 2019. He sees the pullback on the auditor change news creating a "compelling" buying opportunity and keeps a Buy rating and $113 price target on Ebix shares, which are down 13% to $62.72 in early afternoon trading.