Investment thesis
Health Insurance Innovations, Inc.'s (HIIQ) share price has declined 62% over the last 12 months. However, the prospects look promising despite a probe by the authorities. This decline has pushed the share into undervalued territory, and the share price should pick up along with the improving business operations of the company.
Company Overview
Health Insurance Innovations, Inc. distributes individual and family health insurance plans (IFP), and supplemental products through a cloud-based technology platform. The company has three product categories: short-term medical plans ((STM)), health benefit insurance plans (HBIP), and supplemental products.