Wall Street brokerages expect Inovalon Holdings, Inc. (NASDAQ:INOV) to post earnings of $0.07 per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Inovalon Holdings’ earnings. The highest EPS estimate is $0.08 and the lowest is $0.07. Inovalon Holdings reported earnings per share of $0.04 during the same quarter last year, which would indicate a positive year over year growth rate of 75%. The firm is scheduled to report its next earnings report on Wednesday, November 1st.

On average, analysts expect that Inovalon Holdings will report full-year earnings of $0.25 per share for the current fiscal year. For the next financial year, analysts forecast that the business will report earnings of $0.30 per share, with EPS estimates ranging from $0.26 to $0.33. Zacks’ EPS calculations are an average based on a survey of analysts that cover Inovalon Holdings.

Inovalon Holdings (NASDAQ:INOV) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. The business had revenue of $110.60 million for the quarter, compared to the consensus estimate of $108.73 million. Inovalon Holdings had a net margin of 4.13% and a return on equity of 5.17%. The company’s quarterly revenue was down 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 earnings per share.

Several research firms have recently weighed in on INOV. BidaskClub downgraded shares of Inovalon Holdings from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 12th. Robert W. Baird reissued a “neutral” rating and issued a $12.00 target price (up from $11.00) on shares of Inovalon Holdings in a research report on Friday, June 16th. Finally, Zacks Investment Research raised shares of Inovalon Holdings from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Tuesday, May 9th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $15.17.

In related news, insider Shauna L. Vernal sold 19,332 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now directly owns 66,261 shares in the company, valued at $901,149.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 48.28% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Black Creek Investment Management Inc. boosted its stake in Inovalon Holdings by 13.6% in the first quarter. Black Creek Investment Management Inc. now owns 9,772,435 shares of the technology company’s stock valued at $123,133,000 after buying an additional 1,171,150 shares in the last quarter. Vanguard Group Inc. boosted its stake in Inovalon Holdings by 3.8% in the first quarter. Vanguard Group Inc. now owns 4,809,281 shares of the technology company’s stock valued at $60,598,000 after buying an additional 174,304 shares in the last quarter. Riverbridge Partners LLC boosted its stake in Inovalon Holdings by 4.3% in the first quarter. Riverbridge Partners LLC now owns 3,217,399 shares of the technology company’s stock valued at $40,539,000 after buying an additional 131,176 shares in the last quarter. FMR LLC boosted its stake in Inovalon Holdings by 6.7% in the first quarter. FMR LLC now owns 2,565,829 shares of the technology company’s stock valued at $32,329,000 after buying an additional 161,500 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in Inovalon Holdings by 183.1% in the first quarter. Neuberger Berman Group LLC now owns 1,938,715 shares of the technology company’s stock valued at $24,428,000 after buying an additional 1,253,887 shares in the last quarter. Institutional investors and hedge funds own 29.45% of the company’s stock.

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Shares of Inovalon Holdings (NASDAQ INOV) traded up 0.893% during trading on Monday, hitting $14.125. 70,314 shares of the company traded hands. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 118.697 and a beta of 1.19. The firm has a 50 day moving average price of $13.04 and a 200-day moving average price of $12.48. Inovalon Holdings has a one year low of $8.60 and a one year high of $19.40.

About Inovalon Holdings

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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