Inovalon Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Inovalon in the last twelve months. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" Inovalon stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in INOV, but not buy additional shares or sell existing shares.
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5 equities research analysts have issued 12 month price targets for Inovalon's shares. Their INOV stock forecasts range from $23.00 to $41.00. On average, they anticipate Inovalon's stock price to reach $34.67 in the next year. This suggests that the stock has a possible downside of 15.6%.
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Inovalon Holdings, Inc. (NASDAQ:INOV) issued its earnings results on Wednesday, July, 28th. The technology company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.02. The technology company earned $190.44 million during the quarter, compared to the consensus estimate of $183.89 million. Inovalon had a net margin of 6.73% and a trailing twelve-month return on equity of 10.97%.
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410 employees have rated Inovalon CEO Keith R. Dunleavy on Glassdoor.com. Keith R. Dunleavy has an approval rating of 57% among Inovalon's employees. This puts Keith R. Dunleavy in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Inovalon include Bilibili (BILI), Clarivate (CLVT), Zynga (ZNGA), Zendesk (ZEN), Change Healthcare (CHNG), Globant (GLOB), DXC Technology (DXC), TELUS International (Cda) (TIXT), Toast (TOST), Five9 (FIVN), Playtika (PLTK), Autohome (ATHM), RingCentral (RNG), Pegasystems (PEGA) and PagSeguro Digital (PAGS).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Inovalon investors own include Advanced Micro Devices (AMD), Pfizer (PFE), Alibaba Group (BABA), DexCom (DXCM), NVIDIA (NVDA), Digital Turbine (APPS), PayPal (PYPL), Square (SQ), Taiwan Semiconductor Manufacturing (TSM) and Enphase Energy (ENPH).

(INOV) raised $500 million in an IPO 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 acted 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."

One share of INOV stock can currently be purchased for approximately $41.06.

Inovalon (NASDAQ:INOV) has a market capitalization of $6.37 billion and generates $667.52 million in revenue each year. The technology company earns $22.58 million in net income (profit) each year or $0.34 on an earnings per share basis.

Inovalon employs 1,836 workers across the globe.

Inovalon's mailing address is 4321 COLLINGTON ROAD, BOWIE MD, 20716. The official website for Inovalon is www.inovalon.com. The technology company can be reached via phone at (301) 809-4000, via email at [email protected], or via fax at 301-809-8060.