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

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

Inovalon (NASDAQ:INOV) issued its quarterly earnings results on Tuesday, February, 20th. The technology company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.07 by $0.01. The technology company had revenue of $114.60 million for the quarter, compared to analysts' expectations of $116.83 million. Inovalon had a return on equity of 4.79% and a net margin of 7.51%. The company's revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.05 EPS. View Inovalon's Earnings History.

Inovalon is scheduled to release their next quarterly earnings announcement on Tuesday, May, 1st 2018. View Earnings Estimates for Inovalon.

Inovalon updated its FY18 earnings guidance on Wednesday, March, 7th. The company provided earnings per share (EPS) guidance of $0.36-0.42 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.34. The company issued revenue guidance of $568-593 million, compared to the consensus revenue estimate of $470.73 million.

4 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 expect Inovalon's share price to reach $12.00 in the next year. View Analyst Ratings for Inovalon.

Some companies that are related to Inovalon include Trivago (TRVG), Fang (SFUN), Classified Ventures (CARS), Acxiom (ACXM), Mindbody (MB), Shutterstock (SSTK), Five9 (FIVN), Globant (GLOB), CSG Systems International (CSGS), Bitauto (BITA), Sohu.com (SOHU), Evertec (EVTC), Yext (YEXT), Carbonite (CARB), Liberty TripAdvisor (LTRPA), Renren (RENN), Tucows (TCX) and Castlight Health (CSLT).

(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 stories about INOV stock have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Inovalon earned a coverage optimism score of 0.04 on Accern's scale. They also gave media coverage about the technology company an impact score of 45.65 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.

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 $10.65.

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]