NASDAQ:INOV - Inovalon Stock Price, Forecast & News

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

Inovalon Holdings Inc (NASDAQ:INOV) posted its quarterly earnings data on Wednesday, October, 30th. The technology company reported $0.15 EPS for the quarter, beating the Zacks' consensus estimate of $0.12 by $0.03. The technology company had revenue of $166.50 million for the quarter, compared to analyst estimates of $164.92 million. Inovalon had a negative net margin of 1.37% and a positive return on equity of 7.11%. The company's quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 EPS. View Inovalon's Earnings History.

Inovalon is scheduled to release their next quarterly earnings announcement on Wednesday, February 19th 2020. View Earnings Estimates for Inovalon.

5 brokerages have issued 1 year target prices for Inovalon's stock. Their forecasts range from $12.00 to $22.00. On average, they anticipate Inovalon's share price to reach $18.60 in the next year. This suggests that the stock has a possible downside of 9.9%. View Analyst Price Targets for Inovalon.

5 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 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Inovalon.

News coverage about INOV stock has been trending very negative this week, according to InfoTrie Sentiment. InfoTrie rates the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Inovalon earned a news impact score of -3.3 on InfoTrie's scale. They also gave news coverage about the technology company a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an effect on the company's share price in the near future. View News Stories for Inovalon.

Some companies that are related to Inovalon include StoneCo (STNE), PagSeguro Digital (PAGS), Autohome (ATHM), Zendesk (ZEN), DXC Technology (DXC), Proofpoint (PFPT), Pegasystems (PEGA), CHURCHILL CAP C/SH (CCC), Bilibili (BILI), Zynga (ZNGA), YY (YY), Globant (GLOB), Five9 (FIVN), CarGurus (CARG) and Corelogic (CLGX).

Based on aggregate information from My MarketBeat watchlists, some companies that other Inovalon investors own include Alibaba Group (BABA), Amarin (AMRN), FireEye (FEYE), Ford Motor (F), Mosaic (MOS), Twitter (TWTR), Verizon Communications (VZ), Advanced Micro Devices (AMD), Corbus Pharmaceuticals (CRBP) and NVIDIA (NVDA).

(INOV) raised $500 million in an initial public offering (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's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Riverbridge Partners LLC (0.49%), Penn Davis Mcfarland Inc. (0.30%), California Public Employees Retirement System (0.11%), Campbell & CO Investment Adviser LLC (0.03%), We Are One Seven LLC (0.02%) and CWM Advisors LLC (0.01%). Company insiders that own Inovalon stock include Jason Capitel, Keith R Dunleavy and Lee D Roberts. View Institutional Ownership Trends for Inovalon.

INOV stock was sold by a variety of institutional investors in the last quarter, including Riverbridge Partners LLC, Penn Davis Mcfarland Inc., We Are One Seven LLC, CWM Advisors LLC and SG Americas Securities LLC. View Insider Buying and Selling for Inovalon.

INOV stock was purchased by a variety of institutional investors in the last quarter, including Campbell & CO Investment Adviser LLC, California Public Employees Retirement System and Zurcher Kantonalbank Zurich Cantonalbank . 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 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 $20.64.

Inovalon has a market capitalization of $3.20 billion and generates $527.68 million in revenue each year. The technology company earns $-39,160,000.00 in net income (profit) each year or $0.18 on an earnings per share basis. Inovalon employs 2,499 workers across the globe.View Additional Information About Inovalon.

The official website for Inovalon is http://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]