NASDAQ:INOVInovalon Stock Price, Forecast & News

Inovalon's stock was trading at $17.36 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, INOV stock has increased by 42.6% and is now trading at $24.76.
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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."
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Inovalon is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
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Inovalon Holdings Inc (NASDAQ:INOV) issued its quarterly earnings results 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 had revenue of $162.20 million for the quarter, compared to analyst estimates of $159.46 million. Inovalon had a net margin of 1.75% and a return on equity of 9.09%. Inovalon's revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the business posted $0.13 EPS.
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Inovalon issued an update on its FY20 earnings guidance on Wednesday, July, 29th. The company provided EPS 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.

8 brokerages have issued 12-month target prices for Inovalon's shares. Their forecasts range from $12.00 to $26.00. On average, they anticipate Inovalon's stock price to reach $21.67 in the next twelve months. This suggests that the stock has a possible downside of 12.5%.
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Media coverage about INOV stock has been trending very negative this week, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Inovalon earned a news impact score of -3.9 on InfoTrie's scale. They also assigned media coverage about the technology company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the immediate future.
View the latest news about Inovalon.

Inovalon saw a decrease in short interest during the month of February. As of February 15th, there was short interest totaling 6,490,000 shares, a decrease of 15.9% from the January 31st total of 7,720,000 shares. Based on an average trading volume of 428,200 shares, the days-to-cover ratio is currently 15.2 days. Currently, 9.0% of the shares of the stock are sold short.
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Some companies that are related to Inovalon include StoneCo (STNE), Bilibili (BILI), PagSeguro Digital (PAGS), Clarivate Analytics (CCC), Autohome (ATHM), Zendesk (ZEN), Pegasystems (PEGA), Zynga (ZNGA), Five9 (FIVN), Globant (GLOB), YY (YY), Proofpoint (PFPT), Corelogic (CLGX), DXC Technology (DXC) and Change Healthcare (CHNG).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Inovalon investors own include Advanced Micro Devices (AMD), Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), Alibaba Group (BABA), Ollie's Bargain Outlet (OLLI), Pfizer (PFE), NVIDIA (NVDA), DexCom (DXCM), Ford Motor (F) and Fortinet (FTNT).

(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 served 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 a variety of retail and institutional investors. Top institutional investors include Black Creek Investment Management Inc. (2.89%), Riverbridge Partners LLC (0.97%), Redwood Investments LLC (0.64%), Cowen Prime Services LLC (0.55%), Goldman Sachs Group Inc. (0.37%) and Penn Davis Mcfarland Inc. (0.30%). Company insiders that own Inovalon stock include Jason Capitel, Keith R Dunleavy 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 Black Creek Investment Management Inc., Cowen Prime Services LLC, Avalon Investment & Advisory, Riverbridge Partners LLC, Natixis Advisors L.P., SG Americas Securities LLC, Navellier & Associates Inc, and First Trust Advisors LP. 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 Redwood Investments LLC, Goldman Sachs Group Inc., Prudential Financial Inc., GAM Holding AG, Bank of New York Mellon Corp, King Luther Capital Management Corp, Quantitative Systematic Strategies LLC, and FNY Investment Advisers LLC. 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.

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 $24.76.

Inovalon has a market capitalization of $3.85 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]