Inovalon Holdings, Inc. (INOV) Set to Announce Quarterly Earnings on Tuesday
Inovalon Holdings, Inc. (NASDAQ:INOV) will issue its quarterly earnings data after the market closes on Tuesday, October 31st. Inovalon Holdings has set its FY17 guidance at $0.29-$0.32 EPS.
Inovalon Holdings (NASDAQ:INOV) last posted its earnings results on Wednesday, August 2nd. The technology company reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.01. The business had revenue of $110.60 million during the quarter, compared to analyst estimates of $108.73 million. Inovalon Holdings had a return on equity of 5.17% and a net margin of 4.13%. The company’s quarterly revenue was down 10.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 EPS. On average, analysts expect Inovalon Holdings to post $0.25 EPS for the current fiscal year and $0.31 EPS for the next fiscal year.
Shares of Inovalon Holdings, Inc. (NASDAQ:INOV) opened at 16.75 on Tuesday. The firm has a 50 day moving average price of $16.81 and a 200-day moving average price of $16.81. Inovalon Holdings, Inc. has a 12-month low of $8.60 and a 12-month high of $17.80. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 140.76 and a beta of 1.29.
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INOV has been the topic of several research reports. BidaskClub downgraded Inovalon Holdings from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 12th. ValuEngine raised Inovalon Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Morgan Stanley raised Inovalon Holdings from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $9.00 to $14.00 in a research report on Tuesday, September 12th. KeyCorp reaffirmed a “hold” rating on shares of Inovalon Holdings in a research report on Tuesday, September 12th. Finally, TheStreet raised Inovalon Holdings from a “d+” rating to a “c-” rating in a research report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. Inovalon Holdings has a consensus rating of “Hold” and a consensus price target of $14.00.
In related news, CEO Keith R. Dunleavy purchased 62,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were purchased at an average cost of $16.38 per share, with a total value of $1,015,560.00. Following the purchase, the chief executive officer now owns 270,000 shares of the company’s stock, valued at approximately $4,422,600. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company 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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