NASDAQ:INOVInovalon Stock Price, Forecast & News

$18.42

-0.95 (-4.90 %)

(As of 06/5/2020 04:00 PM ET)

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Today's Range

$18.28

Now: $18.42▼

$19.35

50-Day Range

$15.82

MA: $17.42▼

$19.39

52-Week Range

$13.39

Now: $18.42▼

$22.99

Volume524,200 shs

Average Volume535,131 shs

Market Capitalization$2.86 billion

P/E Ratio204.69

Dividend YieldN/A

Beta0.68

Inovalon Holdings, Inc., a technology company, provides cloud-based platforms empowering data-driven healthcare. It operates the Inovalon ONE Platform, a cloud-based platform that interconnect with the healthcare ecosystem to aggregate and analyze data in real-time, as well as empowers the application in resulting insights. The company also operates myABILITY software platform, an integrated set of cloud-based applications for providers that offers connectivity, administrative, clinical and quality analysis, management, and performance improvement capabilities to acute, post-acute, and ambulatory point-of-care provider facilities. In addition, it offers advisory, implementation, and support services. The company serves health plans and provider organizations, as well as pharmaceutical, medical device, and diagnostics companies. Its platforms include information of data pertaining to approximately 964,000 physicians; 519,000 clinical facilities; and approximately 264 million individuals and 42 billion medical events. Inovalon Holdings, Inc. was founded in 1998 and is headquartered in Bowie, Maryland.

Beat the Market (BTM) Rank^™

2.3 Analyst's Opinion

Consensus Rating
Inovalon has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 5 buy ratings, 2 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $19.22, Inovalon has a potential upside of 4.4% from its current price of $18.42.
Amount of Analyst Coverage
Inovalon has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.3 Community Rank

Outperform Votes
Inovalon has received 320 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Inovalon has received 375 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Inovalon has received 53.96% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Inovalon and other stocks. Vote “Outperform” if you believe INOV will outperform the S&P 500 over the long term. Vote “Underperform” if you believe INOV will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Inovalon does not currently pay a dividend.
Dividend Growth
Inovalon does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Inovalon insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $597,602.00 in company stock.
Percentage Held by Insiders
50.44% of the stock of Inovalon is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 33.06% of the stock of Inovalon is held by institutions.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Inovalon are expected to grow by 29.55% in the coming year, from $0.44 to $0.57 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Inovalon is 204.69, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.41.
Price to Earnings Ratio vs. Sector
The P/E ratio of Inovalon is 204.69, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 40.18.
Price to Earnings Growth Ratio
Inovalon has a PEG Ratio of 2.77. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Inovalon has a P/B Ratio of 4.15. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.36 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Data processing & preparation

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNASDAQ:INOV

Previous Symbol

CUSIPN/A

CIK1619954

Webwww.inovalon.com

Phone301-809-4000

Debt

Debt-to-Equity Ratio1.56

Current Ratio2.90

Quick Ratio2.90

Price-To-Earnings

Trailing P/E Ratio204.69

Forward P/E Ratio41.86

P/E Growth2.77

Sales & Book Value

Annual Sales$642.41 million

Price / Sales4.46

Cash Flow$1.07 per share

Price / Cash Flow17.20

Book Value$4.44 per share

Price / Book4.15

Profitability

EPS (Most Recent Fiscal Year)$0.41

Net Income$7.78 million

Net Margins2.14%

Return on Equity9.17%

Return on Assets3.17%

Miscellaneous

Employees2,662

Outstanding Shares155,389,000

Market Cap$2.86 billion

Next Earnings Date7/29/2020 (Estimated)

OptionableOptionable

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Inovalon (NASDAQ:INOV) Frequently Asked Questions

How has Inovalon's stock been impacted by COVID-19 (Coronavirus)?

Inovalon's stock was trading at $17.36 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, INOV stock has increased by 6.1% and is now trading at $18.42. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Inovalon?

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.

When is Inovalon's next earnings date?

Inovalon is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Inovalon.

How were Inovalon's earnings last quarter?

Inovalon Holdings Inc (NASDAQ:INOV) released its quarterly earnings data on Wednesday, April, 29th. The technology company reported $0.11 earnings per share for the quarter, meeting the Thomson Reuters' consensus estimate of $0.11. The technology company earned $154.19 million during the quarter, compared to the consensus estimate of $158.97 million. Inovalon had a return on equity of 9.17% and a net margin of 2.14%. The company's revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the company posted $0.10 EPS. View Inovalon's earnings history.

What guidance has Inovalon issued on next quarter's earnings?

Inovalon updated its FY20 earnings guidance on Wednesday, April, 29th. The company provided EPS guidance of $0.53-0.57 for the period, compared to the Thomson Reuters consensus estimate of $0.56. The company issued revenue guidance of $672-698 million, compared to the consensus revenue estimate of $697.73 million.

What price target have analysts set for INOV?

8 brokerages have issued twelve-month price targets for Inovalon's shares. Their forecasts range from $12.00 to $23.00. On average, they expect Inovalon's share price to reach $19.22 in the next year. This suggests a possible upside of 4.4% from the stock's current price. View analysts' price targets for Inovalon.

Has Inovalon been receiving favorable news coverage?

Media coverage about INOV stock has been trending somewhat positive recently, according to InfoTrie. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Inovalon earned a news impact score of 0.7 on InfoTrie's scale. They also gave news headlines about the technology company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the near term. View the latest news aboutInovalon.

Who are some of Inovalon's key competitors?

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.

What other stocks do shareholders of Inovalon own?

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).

Who are Inovalon's key executives?

Inovalon's management team includes the following people:

Keith R. Dunleavy, CEO & Chairman (Age 50)
Mr. Robert A. Wychulis, Pres (Age 64)
Mr. John Michael Burgin, Chief Product Officer (Age 45)
Mr. Jonathan R. Boldt, Chief Financial Officer (Age 34)
Mr. Jason B. Capitel, Chief Operating Officer (Age 47)

When did Inovalon IPO?

(INOV) raised $500 million in an initial public offering (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 acted as the underwriters for the IPO and Baird, Piper Jaffray, Wells Fargo Securities and William Blair were co-managers.

What is Inovalon's stock symbol?

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

Who are Inovalon's major shareholders?

Inovalon's stock is owned by many different institutional and retail investors. Top institutional shareholders 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.

Which institutional investors are selling Inovalon stock?

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.

Which institutional investors are buying Inovalon stock?

INOV stock was bought 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.

How do I buy shares of 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.

What is Inovalon's stock price today?

One share of INOV stock can currently be purchased for approximately $18.42.

How big of a company is Inovalon?

Inovalon has a market capitalization of $2.86 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.

What is Inovalon's official website?

The official website for Inovalon is www.inovalon.com.

How can I contact Inovalon?

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]

This page was last updated on 6/5/2020 by MarketBeat.com Staff