Inovalon Holdings Inc (INOV) Given Consensus Rating of “Hold” by Brokerages

Inovalon Holdings Inc (NASDAQ:INOV) has been given a consensus recommendation of “Hold” by the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $12.00.

Several equities analysts have recently commented on INOV shares. BidaskClub downgraded Inovalon from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 14th. Zacks Investment Research downgraded Inovalon from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th.

In other news, insider Shauna L. Vernal sold 5,908 shares of Inovalon stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $16.01, for a total value of $94,587.08. Following the sale, the insider now directly owns 47,309 shares of the company’s stock, valued at $757,417.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Robert A. Wychulis sold 85,828 shares of Inovalon stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $15.54, for a total value of $1,333,767.12. Following the completion of the sale, the president now directly owns 466,286 shares in the company, valued at $7,246,084.44. The disclosure for this sale can be found here. Insiders sold 136,006 shares of company stock worth $2,048,134 over the last ninety days. Insiders own 48.28% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Advisor Group Inc. increased its holdings in shares of Inovalon by 24.8% in the second quarter. Advisor Group Inc. now owns 10,191 shares of the technology company’s stock worth $134,000 after purchasing an additional 2,023 shares during the last quarter. FNY Managed Accounts LLC bought a new stake in shares of Inovalon in the fourth quarter worth about $150,000. Creative Planning bought a new stake in shares of Inovalon in the fourth quarter worth about $152,000. Virtu KCG Holdings LLC bought a new stake in shares of Inovalon in the second quarter worth about $154,000. Finally, Principal Financial Group Inc. bought a new stake in shares of Inovalon in the second quarter worth about $157,000. 27.95% of the stock is currently owned by hedge funds and other institutional investors.

Inovalon (INOV) opened at $12.50 on Friday. Inovalon has a 52-week low of $10.45 and a 52-week high of $17.80. The company has a market capitalization of $1,808.81, a PE ratio of 104.18, a PEG ratio of 3.05 and a beta of 0.94. The company has a debt-to-equity ratio of 0.31, a current ratio of 5.62 and a quick ratio of 5.62.

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About Inovalon

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.

Analyst Recommendations for Inovalon (NASDAQ:INOV)

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