NASDAQ:INOVInovalon Stock Price, Forecast & News

Inovalon's stock was trading at $17.36 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, INOV shares have increased by 13.5% and is now trading at $19.70. View which stocks have been most impacted by Coronavirus.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Inovalon in the last year. There are currently 1 sell rating, 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Inovalon.

Inovalon is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Inovalon.

Inovalon Holdings Inc (NASDAQ:INOV) posted its quarterly earnings data on Wednesday, April, 29th. The technology company reported $0.11 EPS for the quarter, hitting analysts' consensus estimates of $0.11. The technology company had revenue of $154.19 million for the quarter, compared to the consensus estimate of $158.97 million. Inovalon had a net margin of 2.14% and a return on equity of 9.17%. The company's revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business posted $0.10 earnings per share. View Inovalon's earnings history.

Inovalon updated its FY20 earnings guidance on Wednesday, April, 29th. The company provided earnings per share (EPS) guidance of $0.53-0.57 for the period, compared to the Thomson Reuters consensus estimate of $0.56. The company issued revenue guidance of $672-698 million, compared to the consensus revenue estimate of $697.73 million.

8 equities research analysts have issued twelve-month target prices for Inovalon's stock. Their forecasts range from $12.00 to $26.00. On average, they anticipate Inovalon's stock price to reach $19.67 in the next twelve months. This suggests that the stock has a possible downside of 0.2%. View analysts' price targets for Inovalon.

Media stories about INOV stock have been trending negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Inovalon earned a news impact score of -2.2 on InfoTrie's scale. They also gave media stories about the technology company a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the company's share price in the near future. View the latest news about Inovalon.

Some companies that are related to Inovalon include StoneCo (STNE), Zendesk (ZEN), Autohome (ATHM), Zynga (ZNGA), Clarivate Analytics (CCC), Pegasystems (PEGA), YY (YY), Five9 (FIVN), Proofpoint (PFPT), Globant (GLOB), Corelogic (CLGX), DXC Technology (DXC), Change Healthcare (CHNG), CarGurus (CARG) and LiveRamp (RAMP). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Inovalon investors own include Alibaba Group (BABA), NVIDIA (NVDA), Paypal (PYPL), Digital Turbine (APPS), Netflix (NFLX), Verizon Communications (VZ), Ford Motor (F), General Electric (GE), Ollie's Bargain Outlet (OLLI) and Square (SQ).

(INOV) raised $500 million in an initial public offering on Thursday, February 12th 2015. The company issued 22,200,000 shares at a price of $21.00-$24.00 per share. Goldman Sachs, Morgan Stanley, Citigroup, BofA Merrill Lynch and UBS Investment Bank served as the underwriters for the IPO and Baird, Piper Jaffray, Wells Fargo Securities and William Blair were co-managers.

Inovalon trades on the NASDAQ under the ticker symbol "INOV."

Shares of INOV can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of INOV stock can currently be purchased for approximately $19.70.

Inovalon has a market capitalization of $3.06 billion and generates $642.41 million in revenue each year. The technology company earns $7.78 million in net income (profit) each year or $0.41 on an earnings per share basis. Inovalon employs 2,662 workers across the globe.

The official website for Inovalon is www.inovalon.com.

Inovalon's mailing address is 4321 COLLINGTON ROAD, BOWIE MD, 20716. The technology company can be reached via phone at 301-809-4000 or via email at [email protected]