Inovalon Holdings, Inc. (NASDAQ:INOV) – Equities research analysts at KeyCorp issued their Q3 2017 earnings per share estimates for shares of Inovalon Holdings in a report released on Tuesday. KeyCorp analyst D. Hooker anticipates that the technology company will earn $0.08 per share for the quarter. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Inovalon Holdings’ Q4 2017 earnings at $0.08 EPS, FY2017 earnings at $0.27 EPS and FY2018 earnings at $0.35 EPS.

Inovalon Holdings (NASDAQ:INOV) last issued its quarterly earnings results 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. Inovalon Holdings had a return on equity of 5.17% and a net margin of 4.13%. The business had revenue of $110.60 million for the quarter, compared to analyst estimates of $108.73 million. During the same quarter in the prior year, the firm posted $0.14 earnings per share. The firm’s revenue for the quarter was down 10.7% compared to the same quarter last year.

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A number of other equities research analysts have also weighed in on INOV. BidaskClub upgraded Inovalon Holdings from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 10th. Robert W. Baird reiterated 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. ValuEngine upgraded Inovalon Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Finally, Morgan Stanley upgraded Inovalon Holdings from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $9.00 to $14.00 in a research report on Tuesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. Inovalon Holdings has a consensus rating of “Hold” and a consensus target price of $14.17.

Inovalon Holdings (NASDAQ:INOV) opened at 16.77 on Friday. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 140.97 and a beta of 1.17. Inovalon Holdings has a 1-year low of $8.60 and a 1-year high of $17.80. The firm has a 50-day moving average price of $16.19 and a 200 day moving average price of $13.82.

Several large investors have recently made changes to their positions in the company. Koch Industries Inc. acquired a new position in shares of Inovalon Holdings in the 2nd quarter valued at about $234,000. The Manufacturers Life Insurance Company lifted its stake in shares of Inovalon Holdings by 1,146.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 51,876 shares of the technology company’s stock valued at $682,000 after purchasing an additional 47,714 shares during the period. State Street Corp lifted its stake in shares of Inovalon Holdings by 59.1% in the 2nd quarter. State Street Corp now owns 1,151,392 shares of the technology company’s stock valued at $15,140,000 after purchasing an additional 427,528 shares during the period. ETF Managers Group LLC acquired a new position in shares of Inovalon Holdings in the 2nd quarter valued at about $222,000. Finally, Black Creek Investment Management Inc. lifted its stake in shares of Inovalon Holdings by 11.8% in the 2nd quarter. Black Creek Investment Management Inc. now owns 10,925,250 shares of the technology company’s stock valued at $143,667,000 after purchasing an additional 1,152,815 shares during the period. 28.67% of the stock is currently owned by institutional investors.

In related news, CEO Keith R. Dunleavy purchased 62,000 shares of Inovalon Holdings stock in a transaction on Wednesday, September 13th. The shares were purchased at an average price of $16.38 per share, for a total transaction of $1,015,560.00. Following the transaction, the chief executive officer now owns 270,000 shares of the company’s stock, valued at approximately $4,422,600. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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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