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

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

Inovalon (NASDAQ:INOV) announced its quarterly earnings data on Tuesday, May, 8th. The technology company reported ($0.04) EPS for the quarter, missing the Zacks' consensus estimate of $0.06 by $0.10. The technology company earned $92.76 million during the quarter, compared to analysts' expectations of $107.76 million. Inovalon had a net margin of 3.20% and a return on equity of 2.50%. The company's revenue for the quarter was down 14.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.07 earnings per share. View Inovalon's Earnings History.

Inovalon updated its FY18 earnings guidance on Tuesday, May, 8th. The company provided earnings per share (EPS) guidance of $0.32-0.38 for the period, compared to the Thomson Reuters consensus estimate of $0.39. The company issued revenue guidance of $568-593 million, compared to the consensus revenue estimate of $576.37 million.

4 analysts have issued 1 year price targets for Inovalon's stock. 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 RingCentral (RNG), Zendesk (ZEN), DST Systems (DST), Pegasystems (PEGA), CoreLogic (CLGX), Bilibili (BILI), Zynga (ZNGA), CarGurus (CARG), PagSeguro (PAGS), Fang (SFUN), Acxiom (ACXM), Longfin (LFIN), Smartsheet (SMAR), Five9 (FIVN) and Mindbody (MB).

(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.

Headlines about INOV stock have been trending somewhat positive on Wednesday, Accern Sentiment reports. Accern identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Inovalon earned a news impact score of 0.15 on Accern's scale. They also assigned media headlines about the technology company an impact score of 47.31 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.

Inovalon's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (2.92%), Neuberger Berman Group LLC (2.29%), Tikvah Management LLC (1.36%), Senvest Management LLC (0.88%), Northern Trust Corp (0.59%) and Prescott Group Capital Management L.L.C. (0.44%). Company insiders that own Inovalon stock include Daniel L Rizzo, Joseph R Rostock, Keith R Dunleavy, Robert A Wychulis, Shauna L Vernal, Thomas R Kloster, William D Green and William J Teuber Jr. View Institutional Ownership Trends for Inovalon.

INOV stock was sold by a variety of institutional investors in the last quarter, including PNC Financial Services Group Inc., Prescott Group Capital Management L.L.C., GSA Capital Partners LLP, Envestnet Asset Management Inc., Northern Trust Corp, Oppenheimer Asset Management Inc., California Public Employees Retirement System and Royal Bank of Canada. Company insiders that have sold Inovalon company stock in the last year include Robert A Wychulis and Shauna L Vernal. View Insider Buying and Selling for Inovalon.

INOV stock was bought by a variety of institutional investors in the last quarter, including Neuberger Berman Group LLC, Tikvah Management LLC, Millennium Management LLC, Algert Global LLC, Senvest Management LLC, Trexquant Investment LP, Barclays PLC and Cowen Prime Services LLC. Company insiders that have bought Inovalon stock in the last two years include Keith R Dunleavy, Robert A Wychulis, William D Green and William J Teuber Jr. 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, Scottrade, Fidelity and Charles Schwab.

One share of INOV stock can currently be purchased for approximately $10.10.

Inovalon has a market capitalization of $1.54 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]