NASDAQ:INOV - Inovalon Stock Price, Price Target & More

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

Inovalon Holdings Inc (NASDAQ:INOV) issued its quarterly earnings data on Tuesday, May, 8th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.06 by $0.10. The technology company earned $92.76 million during the quarter, compared to the consensus estimate of $107.76 million. Inovalon had a return on equity of 2.50% and a net margin of 3.20%. The company's revenue for the quarter was down 14.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.07 earnings per share. View Inovalon's Earnings History.

Inovalon issued an update on its FY18 earnings guidance on Tuesday, May, 8th. The company provided earnings per share (EPS) guidance of $0.32-0.38 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.39. The company issued revenue guidance of $568-593 million, compared to the consensus revenue estimate of $576.37 million.

3 Wall Street analysts have issued 12 month target prices for Inovalon's shares. Their predictions range from $10.00 to $14.00. On average, they anticipate Inovalon's stock price to reach $12.00 in the next twelve months. This suggests a possible upside of 18.8% from the stock's current price. View Analyst Ratings for Inovalon.

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

Inovalon saw a increase in short interest in the month of June. As of June 15th, there was short interest totalling 9,609,673 shares, an increase of 26.0% from the May 31st total of 7,629,730 shares. Based on an average trading volume of 581,432 shares, the days-to-cover ratio is presently 16.5 days. Currently, 14.2% of the company's shares are short sold. View Inovalon's Current Options Chain.

Some companies that are related to Inovalon include Zendesk (ZEN), RingCentral (RNG), DST Systems (DST), Pegasystems (PEGA), Corelogic (CLGX), CarGurus (CARG), Bilibili (BILI), Zynga (ZNGA), PagSeguro Digital (PAGS), Acxiom (ACXM), Smartsheet (SMAR), Cars.com (CARS), Globant (GLOB), MINDBODY (MB) and Five9 (FIVN).

(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.

Media headlines about INOV stock have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Inovalon earned a media sentiment score of 0.17 on Accern's scale. They also assigned media headlines about the technology company an impact score of 45.44 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near term.

Inovalon's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Summit Partners L P (2.29%), Riverbridge Partners LLC (0.66%), Fox Run Management L.L.C. (0.01%) and Amalgamated Bank (0.01%). Company insiders that own Inovalon stock include Joseph R Rostock, Keith R Dunleavy, Lee D Roberts, Robert A Wychulis, Shauna L Vernal, Thomas R Kloster, William D Green and William J Teuber Jr. View Institutional Ownership Trends for Inovalon.

INOV stock was sold by a variety of institutional investors in the last quarter, including Riverbridge Partners LLC and Fox Run Management L.L.C.. Company insiders that have sold Inovalon company stock in the last year include Robert A Wychulis and Shauna L Vernal. View Insider Buying and Selling for Inovalon.

INOV stock was purchased by a variety of institutional investors in the last quarter, including Summit Partners L P and Amalgamated Bank. Company insiders that have bought Inovalon stock in the last two years include Keith R Dunleavy, Lee D Roberts, Robert A Wychulis, William D Green and William J Teuber Jr. View Insider Buying and Selling for 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, Scottrade, Fidelity and Charles Schwab.

One share of INOV stock can currently be purchased for approximately $10.10.

Inovalon has a market capitalization of $1.55 billion and generates $449.36 million in revenue each year. The technology company earns $34.81 million in net income (profit) each year or $0.23 on an earnings per share basis. Inovalon employs 2,480 workers across the globe.

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]