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NASDAQ:INOVInovalon Stock Price, Forecast & News

$24.27
+0.74 (+3.14 %)
(As of 08/3/2020 04:00 PM ET)
Add
Compare
Today's Range
$23.69
Now: $24.27
$25.00
50-Day Range
$17.85
MA: $19.62
$24.20
52-Week Range
$13.39
Now: $24.27
$25.71
Volume826,368 shs
Average Volume508,332 shs
Market Capitalization$3.77 billion
P/E Ratio346.71
Dividend YieldN/A
Beta0.79
Inovalon Holdings, Inc., a technology company, provides cloud-based platforms empowering data-driven healthcare. It operates the Inovalon ONE Platform, a cloud-based platform that interconnect with the healthcare ecosystem to aggregate and analyze data in real-time, as well as empowers the application in resulting insights. The company also operates myABILITY software platform, an integrated set of cloud-based applications for providers that offers connectivity, administrative, clinical and quality analysis, management, and performance improvement capabilities to acute, post-acute, and ambulatory point-of-care provider facilities. In addition, it offers advisory, implementation, and support services. The company serves health plans and provider organizations, as well as pharmaceutical, medical device, and diagnostics companies. Its platforms include information of data pertaining to approximately 964,000 physicians; 519,000 clinical facilities; and approximately 264 million individuals and 42 billion medical events. Inovalon Holdings, Inc. was founded in 1998 and is headquartered in Bowie, Maryland.
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Inovalon logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.2Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.35 out of 5 stars


Industry, Sector and Symbol

Industry Data processing & preparation
Sub-IndustryN/A
Current SymbolNASDAQ:INOV
CUSIPN/A
Phone301-809-4000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$642.41 million
Cash Flow$1.16 per share
Book Value$4.44 per share

Profitability

Net Income$7.78 million

Miscellaneous

Employees2,662
Market Cap$3.77 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$24.27
+0.74 (+3.14 %)
(As of 08/3/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Inovalon (NASDAQ:INOV) Frequently Asked Questions

How has Inovalon's stock been impacted by COVID-19 (Coronavirus)?

Inovalon's stock was trading at $17.36 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, INOV shares have increased by 39.8% and is now trading at $24.27.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Inovalon?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Inovalon in the last year. There are currently 1 sell rating, 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Inovalon
.

When is Inovalon's next earnings date?

Inovalon is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Inovalon
.

How were Inovalon's earnings last quarter?

Inovalon Holdings Inc (NASDAQ:INOV) released its quarterly earnings data on Wednesday, July, 29th. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.11 by $0.04. The technology company earned $162.20 million during the quarter, compared to analysts' expectations of $159.46 million. Inovalon had a net margin of 1.75% and a return on equity of 9.09%. Inovalon's quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 earnings per share.
View Inovalon's earnings history
.

What guidance has Inovalon issued on next quarter's earnings?

Inovalon updated its FY20 earnings guidance on Wednesday, July, 29th. The company provided earnings per share guidance of $0.57-0.61 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.56. The company issued revenue guidance of $675-698 million, compared to the consensus revenue estimate of $680.69 million.

What price target have analysts set for INOV?

8 brokers have issued 12 month price targets for Inovalon's stock. Their forecasts range from $12.00 to $26.00. On average, they anticipate Inovalon's stock price to reach $21.00 in the next twelve months. This suggests that the stock has a possible downside of 13.5%.
View analysts' price targets for Inovalon
.

Has Inovalon been receiving favorable news coverage?

News coverage about INOV stock has been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Inovalon earned a daily sentiment score of 1.6 on InfoTrie's scale. They also assigned media stories about the technology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the next several days.
View the latest news about Inovalon
.

Who are some of Inovalon's key competitors?

What other stocks do shareholders of Inovalon own?

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).

Who are Inovalon's key executives?

Inovalon's management team includes the following people:
  • Keith R. Dunleavy, CEO & Chairman (Age 50)
  • Mr. Robert A. Wychulis, Pres (Age 64)
  • Mr. John Michael Burgin, Chief Product Officer (Age 45)
  • Mr. Jonathan R. Boldt, Chief Financial Officer (Age 34)
  • Mr. Jason B. Capitel, Chief Operating Officer (Age 47)

When did Inovalon IPO?

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

What is Inovalon's stock symbol?

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

Who are Inovalon's major shareholders?

Inovalon's stock is owned by many different institutional and retail investors. Top institutional shareholders include Riverbridge Partners LLC (0.97%), Redwood Investments LLC (0.64%), Cowen Prime Services LLC (0.55%), Penn Davis Mcfarland Inc. (0.30%), First Trust Advisors LP (0.07%) and Dupont Capital Management Corp (0.04%). Company insiders that own Inovalon stock include Jason Capitel, Keith R Dunleavy and Robert A Wychulis.
View institutional ownership trends for Inovalon
.

Which institutional investors are selling Inovalon stock?

INOV stock was sold by a variety of institutional investors in the last quarter, including Cowen Prime Services LLC, Riverbridge Partners LLC, SG Americas Securities LLC, First Trust Advisors LP, UBS Group AG, Sawgrass Asset Management LLC, Zurcher Kantonalbank Zurich Cantonalbank , and Penn Davis Mcfarland Inc.. Company insiders that have sold Inovalon company stock in the last year include Jason Capitel, and Robert A Wychulis.
View insider buying and selling activity for Inovalon
.

Which institutional investors are buying Inovalon stock?

INOV stock was acquired by a variety of institutional investors in the last quarter, including Redwood Investments LLC, FNY Investment Advisers LLC, Campbell & CO Investment Adviser LLC, Coastal Investment Advisors Inc., Sigma Planning Corp, ProShare Advisors LLC, Dupont Capital Management Corp, and Banque Cantonale Vaudoise. Company insiders that have bought Inovalon stock in the last two years include Jason Capitel, and Keith R Dunleavy.
View insider buying and selling activity for Inovalon
.

How do I buy shares of Inovalon?

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.

What is Inovalon's stock price today?

One share of INOV stock can currently be purchased for approximately $24.27.

How big of a company is Inovalon?

Inovalon has a market capitalization of $3.77 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.

What is Inovalon's official website?

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

How can I contact Inovalon?

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]

This page was last updated on 8/3/2020 by MarketBeat.com Staff

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