Inovalon Holdings Inc. (NASDAQ:INOV) – KeyCorp cut their Q4 2016 EPS estimates for shares of Inovalon Holdings in a research report issued on Monday. KeyCorp analyst D. Hooker now forecasts that the firm will post earnings of $0.16 per share for the quarter, down from their previous estimate of $0.18. KeyCorp currently has a “Overweight” rating and a $20.00 target price on the stock.

Inovalon Holdings (NASDAQ:INOV) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.04. The company had revenue of $105.01 million for the quarter, compared to the consensus estimate of $102.38 million. Inovalon Holdings had a net margin of 9.37% and a return on equity of 7.79%. Inovalon Holdings’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 EPS.

Earnings History and Estimates for Inovalon Holdings (NASDAQ:INOV)

INOV has been the topic of a number of other research reports. Wells Fargo & Co. reiterated a “buy” rating on shares of Inovalon Holdings in a research note on Wednesday, September 28th. Zacks Investment Research upgraded shares of Inovalon Holdings from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Monday, October 17th. TheStreet lowered shares of Inovalon Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, August 24th. Robert W. Baird cut their price objective on shares of Inovalon Holdings from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, September 23rd. Finally, Piper Jaffray Cos. downgraded shares of Inovalon Holdings from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $14.00 to $11.00 in a report on Thursday, August 4th. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. Inovalon Holdings has an average rating of “Hold” and a consensus price target of $16.78.

Shares of Inovalon Holdings (NASDAQ:INOV) opened at 15.25 on Thursday. The firm has a 50-day moving average of $14.49 and a 200-day moving average of $16.42. Inovalon Holdings has a one year low of $13.30 and a one year high of $20.63. The company has a market capitalization of $2.24 billion, a P/E ratio of 54.46 and a beta of 1.08.

In other Inovalon Holdings news, Director William D. Green purchased 30,000 shares of the firm’s stock in a transaction dated Friday, September 16th. The shares were purchased at an average cost of $16.22 per share, with a total value of $486,600.00. Following the completion of the purchase, the director now owns 38,351 shares in the company, valued at approximately $622,053.22. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William J. Teuber, Jr. purchased 60,000 shares of the firm’s stock in a transaction dated Thursday, September 8th. The stock was acquired at an average cost of $16.46 per share, for a total transaction of $987,600.00. Following the completion of the purchase, the director now owns 69,559 shares of the company’s stock, valued at approximately $1,144,941.14. The disclosure for this purchase can be found here. Company insiders own 50.71% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Inovalon Holdings by 32.9% in the second quarter. Vanguard Group Inc. now owns 4,649,193 shares of the company’s stock valued at $83,731,000 after buying an additional 1,150,802 shares in the last quarter. Loomis Sayles & Co. L P acquired a new position in Inovalon Holdings during the second quarter valued at $14,470,000. Riverbridge Partners LLC increased its position in Inovalon Holdings by 29.4% in the second quarter. Riverbridge Partners LLC now owns 3,355,368 shares of the company’s stock valued at $60,430,000 after buying an additional 762,680 shares in the last quarter. Black Creek Investment Management Inc. increased its position in Inovalon Holdings by 11.7% in the second quarter. Black Creek Investment Management Inc. now owns 4,876,456 shares of the company’s stock valued at $87,825,000 after buying an additional 508,868 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in Inovalon Holdings by 71.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,070,480 shares of the company’s stock valued at $19,825,000 after buying an additional 447,626 shares in the last quarter. 31.50% of the stock is currently owned by hedge funds and other institutional investors.

About Inovalon Holdings

Inovalon Holdings, Inc is a technology company. The Company combines advanced cloud-based data analytics and data-driven intervention platforms to provide services for health plans, hospitals, physicians, patients, pharmaceutical companies and researchers. The Company operates through developing cloud-based data analytics and data-driven intervention platforms segment and provides related services to its clients.

5 Day Chart for NASDAQ:INOV

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