Inovalon Holdings Inc (NASDAQ:INOV) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a report released on Wednesday.

Other equities research analysts have also issued reports about the stock. BidaskClub upgraded shares of Inovalon Holdings from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 10th. Robert W. Baird reiterated a “neutral” rating and set a $12.00 price target (up from $11.00) on shares of Inovalon Holdings in a research note on Friday, June 16th. Finally, Zacks Investment Research upgraded shares of Inovalon Holdings from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Tuesday, May 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. Inovalon Holdings has a consensus rating of “Hold” and an average price target of $14.20.

Inovalon Holdings (INOV) traded up 2.50% during trading on Wednesday, reaching $14.35. 619,836 shares of the company’s stock traded hands. Inovalon Holdings has a 12-month low of $8.60 and a 12-month high of $16.64. The company has a 50 day moving average price of $13.22 and a 200-day moving average price of $12.81. The company has a market cap of $2.09 billion, a PE ratio of 120.59 and a beta of 1.17.

Inovalon Holdings (NASDAQ:INOV) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.01. Inovalon Holdings had a net margin of 4.96% and a return on equity of 3.24%. The business had revenue of $110.60 million for the quarter, compared to analyst estimates of $108.73 million. During the same period last year, the business earned $0.14 EPS. The company’s revenue was down 10.7% on a year-over-year basis. On average, equities research analysts forecast that Inovalon Holdings will post $0.31 EPS for the current fiscal year.

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Large investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA raised its stake in Inovalon Holdings by 336.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,397 shares of the technology company’s stock worth $110,000 after acquiring an additional 6,472 shares in the last quarter. Advisor Group Inc. raised its stake in Inovalon Holdings by 24.8% during the 2nd quarter. Advisor Group Inc. now owns 10,191 shares of the technology company’s stock worth $134,000 after acquiring an additional 2,023 shares in the last quarter. Virtu KCG Holdings LLC acquired a new stake in Inovalon Holdings during the 2nd quarter worth $154,000. Principal Financial Group Inc. acquired a new stake in Inovalon Holdings during the 2nd quarter worth $157,000. Finally, Bank of Montreal Can raised its stake in Inovalon Holdings by 319.9% during the 1st quarter. Bank of Montreal Can now owns 13,945 shares of the technology company’s stock worth $176,000 after acquiring an additional 10,624 shares in the last quarter. Hedge funds and other institutional investors own 28.67% of the company’s stock.

Inovalon Holdings Company Profile

Inovalon Holdings, Inc (Inovalon) is a technology company. The Company provides cloud-based platforms empowering a data-driven transformation from volume-based to value-based models to the healthcare industry. Leveraging large-scale data interconnectivity capabilities, unparalleled proprietary data sets, advanced analytics, data-driven intervention systems, and subject matter expertise, Inovalon enables the assessment and improvement of clinical and quality outcomes and financial performance across the healthcare ecosystem.

Analyst Recommendations for Inovalon Holdings (NASDAQ:INOV)

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