Inovalon Holdings Inc (INOV) Insider Shauna L. Vernal Sells 19,332 Shares
Inovalon Holdings Inc (NASDAQ:INOV) insider Shauna L. Vernal sold 19,332 shares of the business’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $13.60, for a total transaction of $262,915.20. Following the completion of the transaction, the insider now owns 66,261 shares in the company, valued at approximately $901,149.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Inovalon Holdings Inc (NASDAQ:INOV) traded down 0.73% during trading on Wednesday, hitting $13.55. 255,117 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $12.64 and its 200 day moving average price is $12.33. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 74.86 and a beta of 1.14. Inovalon Holdings Inc has a 12-month low of $8.60 and a 12-month high of $20.05.
Inovalon Holdings (NASDAQ:INOV) last posted its earnings results on Wednesday, May 3rd. The technology company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. The firm had revenue of $108.31 million during the quarter, compared to analyst estimates of $102.05 million. Inovalon Holdings had a net margin of 9.37% and a return on equity of 7.79%. Equities analysts forecast that Inovalon Holdings Inc will post $0.30 earnings per share for the current fiscal year.
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INOV has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Inovalon Holdings from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research report on Wednesday, April 26th. William Blair restated a “market perform” rating on shares of Inovalon Holdings in a research report on Thursday, February 23rd. Finally, Bank of America Corp cut shares of Inovalon Holdings from a “neutral” rating to an “underperform” rating and set a $10.00 price objective on the stock. in a research report on Monday, February 13th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $15.33.
Several institutional investors have recently bought and sold shares of INOV. Fox Run Management L.L.C. bought a new stake in shares of Inovalon Holdings during the first quarter valued at approximately $147,000. Bell Bank raised its stake in shares of Inovalon Holdings by 4.9% in the first quarter. Bell Bank now owns 13,050 shares of the technology company’s stock valued at $164,000 after buying an additional 605 shares during the last quarter. Bell State Bank & Trust bought a new stake in shares of Inovalon Holdings during the third quarter valued at approximately $176,000. Bank of Montreal Can raised its stake in shares of Inovalon Holdings by 319.9% in the first quarter. Bank of Montreal Can now owns 13,945 shares of the technology company’s stock valued at $176,000 after buying an additional 10,624 shares during the last quarter. Finally, Capstone Investment Advisors LLC bought a new stake in shares of Inovalon Holdings during the fourth quarter valued at approximately $300,000. 28.75% of the stock is owned by hedge funds and other institutional investors.
Inovalon Holdings Company Profile
Inovalon Holdings, Inc (Inovalon) is a technology company. The Company provides cloud-based platforms empowering a data-driven transformation from volume-based to value-based models to the healthcare industry. Leveraging large-scale data interconnectivity capabilities, unparalleled proprietary data sets, advanced analytics, data-driven intervention systems, and subject matter expertise, Inovalon enables the assessment and improvement of clinical and quality outcomes and financial performance across the healthcare ecosystem.
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