Inovalon Holdings, Inc. (NASDAQ:INOV) – Truist Securiti increased their FY2020 EPS estimates for shares of Inovalon in a research note issued on Monday, January 11th. Truist Securiti analyst S. Draper now expects that the technology company will earn $0.45 per share for the year, up from their prior estimate of $0.42. Truist Securiti also issued estimates for Inovalon’s Q4 2020 earnings at $0.15 EPS and FY2021 earnings at $0.57 EPS.

A number of other research analysts also recently weighed in on the stock. BTIG Research upped their price objective on shares of Inovalon from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday. BidaskClub upgraded shares of Inovalon from a “hold” rating to a “buy” rating in a research report on Saturday, January 9th. Piper Sandler upped their price objective on shares of Inovalon from $13.00 to $15.00 and gave the stock an “underweight” rating in a research report on Thursday, October 29th. Morgan Stanley decreased their price objective on shares of Inovalon from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Monday, November 30th. Finally, Zacks Investment Research downgraded shares of Inovalon from a “hold” rating to a “sell” rating in a research report on Wednesday, December 30th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $23.90.

Shares of Inovalon stock opened at $26.42 on Thursday. The firm has a 50-day simple moving average of $19.16 and a two-hundred day simple moving average of $22.11. The company has a market cap of $4.11 billion, a P/E ratio of 660.67, a price-to-earnings-growth ratio of 2.07 and a beta of 0.67. Inovalon has a fifty-two week low of $13.39 and a fifty-two week high of $27.93. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.95 and a current ratio of 1.95.

Inovalon (NASDAQ:INOV) last posted its quarterly earnings results on Wednesday, October 28th. The technology company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04. The company had revenue of $161.38 million for the quarter, compared to analyst estimates of $179.27 million. Inovalon had a net margin of 0.87% and a return on equity of 9.07%.

Institutional investors have recently made changes to their positions in the stock. Sei Investments Co. lifted its position in Inovalon by 120.6% during the third quarter. Sei Investments Co. now owns 32,153 shares of the technology company’s stock worth $851,000 after buying an additional 17,579 shares in the last quarter. Brasada Capital Management LP purchased a new position in Inovalon during the third quarter worth approximately $344,000. Paloma Partners Management Co purchased a new position in Inovalon during the third quarter worth approximately $264,000. Voloridge Investment Management LLC purchased a new position in Inovalon during the third quarter worth approximately $300,000. Finally, California State Teachers Retirement System lifted its position in Inovalon by 0.8% during the third quarter. California State Teachers Retirement System now owns 112,096 shares of the technology company’s stock worth $2,965,000 after buying an additional 928 shares in the last quarter. Hedge funds and other institutional investors own 29.15% of the company’s stock.

In other Inovalon news, CFO Jonathan R. Boldt sold 2,500 shares of the stock in a transaction dated Thursday, December 17th. The shares were sold at an average price of $19.08, for a total value of $47,700.00. Following the completion of the sale, the chief financial officer now owns 284,405 shares in the company, valued at approximately $5,426,447.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jonathan R. Boldt sold 7,500 shares of the stock in a transaction dated Thursday, November 19th. The shares were sold at an average price of $18.42, for a total transaction of $138,150.00. Following the completion of the sale, the chief financial officer now owns 239,190 shares of the company’s stock, valued at approximately $4,405,879.80. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 85,000 shares of company stock valued at $1,657,450 and have sold 15,000 shares valued at $280,150. 49.59% of the stock is owned by corporate insiders.

About Inovalon

Inovalon Holdings, Inc provides cloud-based platforms for data-driven healthcare. It operates Inovalon ONE Platform, a cloud-based platform that interconnect with the healthcare ecosystem to aggregate and analyze data in real-time, as well as empowers the application in resulting insights. The company also operates myABILITY software platform, an integrated set of cloud-based applications for providers that offers connectivity, administrative, clinical and quality analysis, management, and performance improvement capabilities to acute, post-acute, and ambulatory point-of-care provider facilities.

See Also: Compound Interest and Why It Matters When Investing

Receive News & Ratings for Inovalon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inovalon and related companies with MarketBeat.com's FREE daily email newsletter.