Inovalon Holdings, Inc. (NASDAQ:INOV) – Equities research analysts at William Blair cut their Q3 2017 earnings per share estimates for Inovalon Holdings in a research note issued on Wednesday. William Blair analyst R. Daniels now anticipates that the technology company will post earnings per share of $0.07 for the quarter, down from their previous forecast of $0.08.

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 Zacks’ consensus estimate of $0.07 by $0.01. Inovalon Holdings had a net margin of 4.13% and a return on equity of 5.10%. The company had revenue of $110.60 million during the quarter, compared to analysts’ expectations of $108.73 million. During the same quarter in the prior year, the company earned $0.14 EPS. The firm’s revenue was down 10.7% on a year-over-year basis.

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

Shares of Inovalon Holdings (NASDAQ INOV) opened at 14.00 on Monday. The stock has a 50 day moving average of $13.04 and a 200-day moving average of $12.48. The stock has a market cap of $2.00 billion, a PE ratio of 117.65 and a beta of 1.19. Inovalon Holdings has a 52 week low of $8.60 and a 52 week high of $19.40.

Large investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA boosted its stake in shares of Inovalon Holdings by 336.2% in the second quarter. BNP Paribas Arbitrage SA now owns 8,397 shares of the technology company’s stock valued at $110,000 after buying an additional 6,472 shares in the last quarter. Legal & General Group Plc boosted its position in Inovalon Holdings by 2,696.8% in the second quarter. Legal & General Group Plc now owns 16,417 shares of the technology company’s stock worth $216,000 after buying an additional 15,830 shares during the period. Bank of New York Mellon Corp boosted its position in Inovalon Holdings by 9.9% in the second quarter. Bank of New York Mellon Corp now owns 344,848 shares of the technology company’s stock worth $4,535,000 after buying an additional 30,922 shares during the period. Rhumbline Advisers boosted its position in Inovalon Holdings by 10.8% in the second quarter. Rhumbline Advisers now owns 68,592 shares of the technology company’s stock worth $902,000 after buying an additional 6,673 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in Inovalon Holdings by 93.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 290,293 shares of the technology company’s stock worth $3,818,000 after buying an additional 140,566 shares during the period. Institutional investors own 29.44% of the company’s stock.

In related news, insider Shauna L. Vernal sold 19,332 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $13.60, for a total value of $262,915.20. Following the sale, the insider now owns 66,261 shares in the company, valued at $901,149.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 48.28% of the company’s stock.

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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