NASDAQ:INOVInovalon Stock Price, Forecast & News

Inovalon's stock was trading at $17.36 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, INOV shares have increased by 39.8% and is now trading at $24.27.
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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) released its quarterly earnings data 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 earned $162.20 million during the quarter, compared to analysts' expectations of $159.46 million. Inovalon had a net margin of 1.75% and a return on equity of 9.09%. Inovalon's quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 earnings per share.
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Inovalon updated its FY20 earnings guidance on Wednesday, July, 29th. The company provided earnings per share 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 brokers have issued 12 month price targets for Inovalon's stock. Their forecasts range from $12.00 to $26.00. On average, they anticipate Inovalon's stock price to reach $21.00 in the next twelve months. This suggests that the stock has a possible downside of 13.5%.
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News coverage about INOV stock has been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Inovalon earned a daily sentiment score of 1.6 on InfoTrie's scale. They also assigned media stories about the technology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the next several days.
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Some companies that are related to Inovalon include Bilibili (BILI), StoneCo (STNE), PagSeguro Digital (PAGS), Clarivate Analytics (CCC), Zendesk (ZEN), Autohome (ATHM), Zynga (ZNGA), Pegasystems (PEGA), Five9 (FIVN), YY (YY), Proofpoint (PFPT), Globant (GLOB), 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 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 acted 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 many different institutional and retail investors. Top institutional shareholders include Riverbridge Partners LLC (0.97%), Redwood Investments LLC (0.64%), Cowen Prime Services LLC (0.55%), Penn Davis Mcfarland Inc. (0.30%), First Trust Advisors LP (0.07%) and Dupont Capital Management Corp (0.04%). Company insiders that own Inovalon stock include Jason Capitel, Keith R Dunleavy and Robert A Wychulis.
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INOV stock was sold by a variety of institutional investors in the last quarter, including Cowen Prime Services LLC, Riverbridge Partners LLC, SG Americas Securities LLC, First Trust Advisors LP, UBS Group AG, Sawgrass Asset Management LLC, Zurcher Kantonalbank Zurich Cantonalbank , and Penn Davis Mcfarland Inc.. Company insiders that have sold Inovalon company stock in the last year include Jason Capitel, and Robert A Wychulis.
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INOV stock was acquired by a variety of institutional investors in the last quarter, including Redwood Investments LLC, FNY Investment Advisers LLC, Campbell & CO Investment Adviser LLC, Coastal Investment Advisors Inc., Sigma Planning Corp, ProShare Advisors LLC, Dupont Capital Management Corp, and Banque Cantonale Vaudoise. 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 $24.27.

Inovalon has a market capitalization of $3.77 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]