Cantor analyst Steven Halper said that Health Insurance Innovations issued a press release responding to a "misleading" short report posted on moxreports.com yesterday, noting that the Indiana Multi-State examination is ongoing and regulators have not yet provided any information regarding potential resolution, and that the author's claims of potential $100M in penalties were based on "unstated or inapplicable data points. The analyst adds that Health Insurance Innovations is working with the Florida Office of Insurance Regulation to reach a mutually agreeable resolution that would allow it to either "re-submit application or engage in discussions regarding whether the OIR will require the company to hold a third-party administrator license at all". While the analyst believes the TPA license scenario is unfortunate and not handled well by the company, Halper is not concerned about it as the company does not serve as a TPA. He reiterates an Overweight rating and $38 price target on the shares.