Inovalon Holdings, Inc. (NASDAQ:INOV) – Stock analysts at First Analysis issued their Q2 2018 earnings estimates for shares of Inovalon Holdings in a research note issued on Monday. First Analysis analyst expects that the technology company will earn $0.10 per share for the quarter.

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

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A number of other analysts have also recently issued reports on INOV. Zacks Investment Research upgraded 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. BidaskClub upgraded Inovalon Holdings from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 10th. Finally, Robert W. Baird restated a “neutral” rating and set a $12.00 price objective (up from $11.00) on shares of Inovalon Holdings in a research report on Friday, June 16th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $15.17.

Inovalon Holdings (INOV) traded down 0.35% during midday trading on Tuesday, reaching $14.35. The company’s stock had a trading volume of 110,815 shares. 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 1-year low of $8.60 and a 1-year high of $19.40. The firm has a market capitalization of $2.05 billion, a PE ratio of 120.59 and a beta of 1.19.

Hedge funds have recently made changes to their positions in the stock. Cowen Prime Services LLC bought a new stake in shares of Inovalon Holdings during the first quarter valued at approximately $3,129,000. Parametric Portfolio Associates LLC raised its stake in shares of Inovalon Holdings by 2,014.6% in the first quarter. Parametric Portfolio Associates LLC now owns 1,161,768 shares of the technology company’s stock valued at $14,638,000 after buying an additional 1,106,827 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of Inovalon Holdings during the first quarter valued at approximately $932,000. 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 in the last quarter. Finally, Karp Capital Management Corp bought a new stake in shares of Inovalon Holdings during the first quarter valued at approximately $421,000. 29.45% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Shauna L. Vernal sold 19,332 shares of the business’s stock in a transaction on Wednesday, May 24th. The stock was 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 of the company’s stock, valued at approximately $901,149.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. 48.28% of the stock is owned by insiders.

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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