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

Inovalon Holdings Inc (NASDAQ:INOV) has received an average rating of “Hold” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $15.33.

Several equities research analysts have issued reports on the stock. BidaskClub raised shares of Inovalon from a “hold” rating to a “buy” rating in a research report on Wednesday, February 20th. Zacks Investment Research cut shares of Inovalon from a “buy” rating to a “hold” rating in a research report on Wednesday, January 9th. SunTrust Banks assumed coverage on shares of Inovalon in a research report on Friday, February 15th. They issued a “buy” rating and a $22.00 price objective for the company. ValuEngine raised shares of Inovalon from a “hold” rating to a “buy” rating in a research report on Friday, November 30th. Finally, Morgan Stanley raised shares of Inovalon from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $10.00 to $13.00 in a research report on Thursday, December 20th.

Several institutional investors and hedge funds have recently made changes to their positions in the company. State Board of Administration of Florida Retirement System lifted its position in shares of Inovalon by 9.8% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 23,109 shares of the technology company’s stock worth $328,000 after purchasing an additional 2,064 shares during the period. Legal & General Group Plc lifted its position in shares of Inovalon by 19.9% in the 4th quarter. Legal & General Group Plc now owns 13,021 shares of the technology company’s stock worth $185,000 after purchasing an additional 2,163 shares during the period. California State Teachers Retirement System lifted its position in shares of Inovalon by 0.4% in the 4th quarter. California State Teachers Retirement System now owns 676,995 shares of the technology company’s stock worth $8,389,000 after purchasing an additional 2,557 shares during the period. We Are One Seven LLC purchased a new stake in shares of Inovalon in the 4th quarter worth approximately $40,000. Finally, Citigroup Inc. lifted its position in shares of Inovalon by 13.4% in the 4th quarter. Citigroup Inc. now owns 27,054 shares of the technology company’s stock worth $384,000 after purchasing an additional 3,193 shares during the period. 33.61% of the stock is owned by hedge funds and other institutional investors.

Inovalon stock opened at $12.55 on Friday. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 69.72, a P/E/G ratio of 2.66 and a beta of 0.68. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.93 and a quick ratio of 1.93. Inovalon has a 1 year low of $8.90 and a 1 year high of $15.57.

Inovalon (NASDAQ:INOV) last released its quarterly earnings data on Wednesday, February 20th. The technology company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.02). The company had revenue of $136.30 million during the quarter, compared to analysts’ expectations of $145.20 million. Inovalon had a negative net margin of 7.32% and a positive return on equity of 3.88%. Inovalon’s quarterly revenue was up 18.9% on a year-over-year basis. During the same period last year, the firm earned $0.06 earnings per share. As a group, research analysts expect that Inovalon will post 0.33 earnings per share for the current fiscal year.

Inovalon Company Profile

Inovalon Holdings, Inc, a technology company, provides cloud-based platforms empowering a data-driven transformation from volume-based to value-based models in the healthcare industry. The company's platform enables the assessment and enhancement of clinical and quality outcomes and financial performance.

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