NASDAQ:INOVInovalon Stock Price, Forecast & News

Inovalon's stock was trading at $17.36 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, INOV shares have increased by 7.9% and is now trading at $18.73. 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) announced its quarterly earnings results on Wednesday, April, 29th. The technology company reported $0.11 EPS for the quarter, meeting the Zacks' consensus estimate of $0.11. The technology company earned $154.19 million during the quarter, compared to analysts' expectations of $158.97 million. Inovalon had a net margin of 2.14% and a return on equity of 9.17%. The business's revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the company earned $0.10 earnings per share. View Inovalon's earnings history.

Inovalon issued an update on 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 EPS estimate of $0.56. The company issued revenue guidance of $672-698 million, compared to the consensus revenue estimate of $697.73 million.

8 analysts have issued 12-month price targets for Inovalon's shares. Their forecasts range from $12.00 to $23.00. On average, they expect Inovalon's stock price to reach $19.22 in the next twelve months. This suggests a possible upside of 2.6% from the stock's current price. View analysts' price targets for Inovalon.

News articles about INOV stock have trended somewhat negative this week, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Inovalon earned a daily sentiment score of -1.0 on InfoTrie's scale. They also gave news headlines about the technology company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the next several days. View the latest news aboutInovalon.

Some companies that are related to Inovalon include PagSeguro Digital (PAGS), Bilibili (BILI), StoneCo (STNE), Autohome (ATHM), Zendesk (ZEN), Zynga (ZNGA), Clarivate Analytics (CCC), Pegasystems (PEGA), Proofpoint (PFPT), Five9 (FIVN), YY (YY), Globant (GLOB), DXC Technology (DXC), Corelogic (CLGX) 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 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."

Inovalon's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (3.83%), Loomis Sayles & Co. L P (1.20%), Riverbridge Partners LLC (1.00%), State Street Corp (0.96%), Bernzott Capital Advisors (0.93%) and Geode Capital Management LLC (0.76%). Company insiders that own Inovalon stock include Jason Capitel, Keith R Dunleavy, Lee D Roberts and Robert A Wychulis. View institutional ownership trends for Inovalon.

INOV stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., UBS Group AG, WINTON GROUP Ltd, Morgan Stanley, First Trust Advisors LP, Cowen Prime Services LLC, Bernzott Capital Advisors, and Deutsche Bank AG. 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.

INOV stock was acquired by a variety of institutional investors in the last quarter, including Riverbridge Partners LLC, Invesco Ltd., Loomis Sayles & Co. L P, Federated Hermes Inc., Hillsdale Investment Management Inc., Mackay Shields LLC, Geode Capital Management LLC, and King Luther Capital Management Corp. Company insiders that have bought Inovalon stock in the last two years include Jason Capitel, Keith R Dunleavy, and Lee D Roberts. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

One share of INOV stock can currently be purchased for approximately $18.73.

Inovalon has a market capitalization of $2.91 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]