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 shares have increased by 11.6% and is now trading at $19.37. View which stocks have been most impacted by Coronavirus.

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.

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

Inovalon Holdings Inc (NASDAQ:INOV) announced its quarterly earnings results on Wednesday, April, 29th. The technology company reported $0.11 EPS for the quarter, hitting analysts' consensus estimates of $0.11. The technology company had revenue of $154.19 million for the quarter, compared to analyst estimates of $158.97 million. Inovalon had a net margin of 2.14% and a return on equity of 9.17%. The business's revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.10 EPS. View Inovalon's earnings history.

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.

8 Wall Street analysts have issued 1-year price targets for Inovalon's stock. Their forecasts range from $12.00 to $23.00. On average, they expect Inovalon's stock price to reach $19.22 in the next year. This suggests that the stock has a possible downside of 0.8%. View analysts' price targets for Inovalon.

Media coverage about INOV stock has trended somewhat negative on Thursday, according to InfoTrie Sentiment Analysis. The research group 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 -5 to 5, with scores closest to five being the most favorable. Inovalon earned a coverage optimism score of -1.9 on InfoTrie's scale. They also assigned media stories about the technology company a news buzz of 8.0 out of 10, meaning that recent press coverage is very likely to have an effect on the company's share price in the near future. View the latest news aboutInovalon.

Some companies that are related to Inovalon include Bilibili (BILI), PagSeguro Digital (PAGS), Zendesk (ZEN), StoneCo (STNE), Autohome (ATHM), 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.

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).

(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 institutional and retail investors. Top institutional investors 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.

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.

INOV stock was acquired 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.

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 $19.37.

Inovalon has a market capitalization of $3.01 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]