Analysts Offer Predictions for Inovalon Holdings Inc’s Q4 2018 Earnings (INOV)

Inovalon Holdings Inc (NASDAQ:INOV) – First Analysis issued their Q4 2018 EPS estimates for shares of Inovalon in a research report issued to clients and investors on Tuesday, August 14th. First Analysis analyst anticipates that the technology company will post earnings per share of $0.13 for the quarter.

A number of other analysts have also recently commented on INOV. Zacks Investment Research upgraded Inovalon from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective for the company in a research report on Tuesday, August 7th. BidaskClub upgraded Inovalon from a “hold” rating to a “buy” rating in a research report on Tuesday, August 7th. Finally, ValuEngine upgraded Inovalon from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $12.67.

Inovalon stock opened at $11.55 on Wednesday. The stock has a market cap of $1.79 billion, a P/E ratio of 50.09, a P/E/G ratio of 2.98 and a beta of 1.08. Inovalon has a 52 week low of $8.90 and a 52 week high of $17.80. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.95 and a quick ratio of 1.95.

Inovalon (NASDAQ:INOV) last posted its quarterly earnings data on Wednesday, August 1st. The technology company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.08. The firm had revenue of $152.80 million during the quarter, compared to analysts’ expectations of $147.09 million. Inovalon had a positive return on equity of 3.69% and a negative net margin of 0.40%. The firm’s quarterly revenue was up 38.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.08 EPS.

A number of large investors have recently modified their holdings of INOV. Amalgamated Bank acquired a new stake in Inovalon in the 2nd quarter worth about $105,000. Hartford Investment Management Co. acquired a new stake in Inovalon in the 2nd quarter worth about $138,000. Victory Capital Management Inc. acquired a new stake in Inovalon in the 1st quarter worth about $181,000. Quantbot Technologies LP boosted its stake in Inovalon by 395.7% in the 1st quarter. Quantbot Technologies LP now owns 17,666 shares of the technology company’s stock worth $187,000 after buying an additional 14,102 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in shares of Inovalon by 93.0% in the 2nd quarter. California Public Employees Retirement System now owns 19,489 shares of the technology company’s stock valued at $193,000 after purchasing an additional 9,389 shares in the last quarter. 29.57% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Lee D. Roberts acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 8th. The stock was purchased at an average price of $10.54 per share, for a total transaction of $105,400.00. Following the transaction, the director now owns 91,804 shares in the company, valued at approximately $967,614.16. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 50.93% of the company’s stock.

About Inovalon

Inovalon Holdings, Inc, a technology company, provides cloud-based platforms empowering a data-driven transformation from volume-based to value-based models in the healthcare industry. The company's platform enables the assessment and enhancement of clinical and quality outcomes and financial performance.

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