$0.09 EPS Expected for Inovalon Holdings Inc (NASDAQ:INOV) This Quarter

Brokerages predict that Inovalon Holdings Inc (NASDAQ:INOV) will announce $0.09 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Inovalon’s earnings. The lowest EPS estimate is $0.08 and the highest is $0.10. Inovalon reported earnings per share of $0.13 in the same quarter last year, which would indicate a negative year over year growth rate of 30.8%. The company is scheduled to announce its next earnings report after the market closes on Wednesday, July 31st.

On average, analysts expect that Inovalon will report full year earnings of $0.45 per share for the current year, with EPS estimates ranging from $0.42 to $0.48. For the next fiscal year, analysts forecast that the business will post earnings of $0.54 per share, with EPS estimates ranging from $0.49 to $0.58. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Inovalon.

Inovalon (NASDAQ:INOV) last issued its earnings results on Wednesday, May 1st. The technology company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.03. Inovalon had a negative net margin of 5.28% and a positive return on equity of 6.43%. The firm had revenue of $145.50 million for the quarter, compared to analysts’ expectations of $143.75 million. During the same quarter last year, the business earned ($0.04) earnings per share. The business’s revenue was up 56.8% on a year-over-year basis.

Several research analysts have recently issued reports on the stock. BidaskClub cut shares of Inovalon from a “buy” rating to a “hold” rating in a report on Tuesday, June 11th. Zacks Investment Research cut shares of Inovalon from a “buy” rating to a “hold” rating in a report on Saturday. Finally, ValuEngine upgraded shares of Inovalon from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $15.75.

In other news, CEO Keith R. Dunleavy acquired 136,995 shares of the stock in a transaction on Tuesday, May 14th. The stock was acquired at an average price of $13.41 per share, with a total value of $1,837,102.95. Following the completion of the transaction, the chief executive officer now owns 460,801 shares of the company’s stock, valued at approximately $6,179,341.41. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Keith R. Dunleavy acquired 60,801 shares of the stock in a transaction on Friday, May 10th. The shares were purchased at an average cost of $13.60 per share, with a total value of $826,893.60. Following the transaction, the chief executive officer now directly owns 460,801 shares of the company’s stock, valued at approximately $6,266,893.60. The disclosure for this purchase can be found here. Company insiders own 50.44% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Marshall Wace North America L.P. purchased a new position in Inovalon in the 1st quarter worth about $31,000. FNY Investment Advisers LLC purchased a new position in Inovalon in the 1st quarter worth about $37,000. Quantamental Technologies LLC purchased a new position in Inovalon in the 1st quarter worth about $76,000. Advisor Group Inc. raised its position in Inovalon by 10.3% in the 2nd quarter. Advisor Group Inc. now owns 8,675 shares of the technology company’s stock worth $125,000 after buying an additional 813 shares during the last quarter. Finally, Amalgamated Bank purchased a new position in Inovalon in the 4th quarter worth about $146,000. 32.39% of the stock is owned by hedge funds and other institutional investors.

Shares of Inovalon stock traded down $0.24 on Wednesday, hitting $15.00. The stock had a trading volume of 452,139 shares, compared to its average volume of 439,224. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.89 and a current ratio of 1.89. Inovalon has a one year low of $9.19 and a one year high of $15.65. The firm has a market cap of $2.34 billion, a PE ratio of 83.33, a price-to-earnings-growth ratio of 2.98 and a beta of 0.64. The firm has a 50-day moving average of $14.64.

Inovalon Company Profile

Inovalon Holdings, Inc, a technology company, provides cloud-based platforms empowering data-driven healthcare. It operates the 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.

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Earnings History and Estimates for Inovalon (NASDAQ:INOV)

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