KeyCorp reiterated their hold rating on shares of Inovalon Holdings, Inc. (NASDAQ:INOV) in a report published on Tuesday morning. KeyCorp also issued estimates for Inovalon Holdings’ Q3 2017 earnings at $0.08 EPS, Q4 2017 earnings at $0.08 EPS, FY2017 earnings at $0.27 EPS and FY2018 earnings at $0.35 EPS.

A number of other brokerages have also weighed in on INOV. BidaskClub raised shares of Inovalon Holdings from a buy rating to a strong-buy rating in a report on Saturday, June 10th. Robert W. Baird reissued a neutral rating and set a $12.00 price objective (up from $11.00) on shares of Inovalon Holdings in a report on Friday, June 16th. Morgan Stanley raised shares of Inovalon Holdings from an underweight rating to an equal weight rating and boosted their price objective for the company from $9.00 to $14.00 in a report on Tuesday. Finally, ValuEngine raised shares of Inovalon Holdings from a sell rating to a hold rating in a report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of Hold and an average target price of $14.17.

Inovalon Holdings (INOV) traded down 0.30% during trading on Tuesday, hitting $16.75. The stock had a trading volume of 1,046,672 shares. Inovalon Holdings has a 12 month low of $8.60 and a 12 month high of $17.80. The firm has a 50 day moving average of $16.30 and a 200-day moving average of $14.35. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 140.76 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 analysts’ consensus estimates of $0.07 by $0.01. The firm had revenue of $110.60 million for the quarter, compared to analyst estimates of $108.73 million. Inovalon Holdings had a net margin of 4.13% and a return on equity of 5.17%. The business’s quarterly revenue was down 10.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.14 earnings per share. Equities analysts predict that Inovalon Holdings will post $0.32 earnings per share for the current year.

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In other Inovalon Holdings news, CEO Keith R. Dunleavy purchased 62,000 shares of the stock in a transaction on Wednesday, September 13th. The shares were bought at an average cost of $16.38 per share, with a total value of $1,015,560.00. Following the completion of the acquisition, the chief executive officer now owns 270,000 shares in the company, valued at $4,422,600. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 48.28% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA boosted its holdings in Inovalon Holdings by 336.2% in the second quarter. BNP Paribas Arbitrage SA now owns 8,397 shares of the technology company’s stock valued at $110,000 after purchasing an additional 6,472 shares during the last quarter. Advisor Group Inc. boosted its holdings in Inovalon Holdings by 24.8% in the second quarter. Advisor Group Inc. now owns 10,191 shares of the technology company’s stock valued at $134,000 after purchasing an additional 2,023 shares during the last quarter. Virtu KCG Holdings LLC purchased a new stake in Inovalon Holdings in the second quarter valued at $154,000. Principal Financial Group Inc. purchased a new stake in Inovalon Holdings in the second quarter valued at $157,000. Finally, Bank of Montreal Can boosted its holdings in Inovalon Holdings by 319.9% in the first quarter. Bank of Montreal Can now owns 13,945 shares of the technology company’s stock valued at $176,000 after purchasing an additional 10,624 shares during the last quarter. 28.67% of the stock is currently owned by institutional investors.

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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