Inovalon Holdings Inc. (NASDAQ:INOV) saw strong trading volume on Monday . 572,470 shares were traded during mid-day trading, an increase of 59% from the previous session’s volume of 360,724 shares.The stock last traded at $16.25 and had previously closed at $16.14.

A number of equities analysts recently weighed in on the stock. TheStreet lowered shares of Inovalon Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, August 24th. KeyCorp decreased their target price on shares of Inovalon Holdings from $26.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 16th. Zacks Investment Research lowered shares of Inovalon Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th. Citigroup Inc. decreased their target price on shares of Inovalon Holdings from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, August 4th. Finally, William Blair lowered shares of Inovalon Holdings from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 4th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Inovalon Holdings presently has an average rating of “Hold” and an average target price of $18.50.

The stock has a 50-day moving average of $15.74 and a 200-day moving average of $17.54. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 53.85 and a beta of 1.06.

Inovalon Holdings (NASDAQ:INOV) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.14 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.14. The business had revenue of $123.80 million for the quarter, compared to analyst estimates of $126.86 million. Inovalon Holdings had a return on equity of 7.51% and a net margin of 9.88%. The business’s revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.18 EPS. On average, analysts forecast that Inovalon Holdings Inc. will post $0.42 earnings per share for the current fiscal year.

In related news, Director William J. Teuber, Jr. bought 60,000 shares of the company’s stock in a transaction on Thursday, September 8th. The shares were purchased at an average cost of $16.46 per share, with a total value of $987,600.00. Following the completion of the transaction, the director now directly owns 69,559 shares of the company’s stock, valued at $1,144,941.14. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel L. Rizzo sold 43,577 shares of the stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of $20.02, for a total value of $872,411.54. Following the completion of the sale, the insider now directly owns 320,385 shares in the company, valued at $6,414,107.70. The disclosure for this sale can be found here. Corporate insiders own 50.71% of the company’s stock.

A number of large investors have recently modified their holdings of INOV. Summit Creek Advisors LLC raised its stake in shares of Inovalon Holdings by 6.5% in the first quarter. Summit Creek Advisors LLC now owns 356,555 shares of the company’s stock valued at $6,603,000 after buying an additional 21,762 shares in the last quarter. Connable Office Inc. raised its stake in shares of Inovalon Holdings by 5.6% in the first quarter. Connable Office Inc. now owns 11,300 shares of the company’s stock valued at $209,000 after buying an additional 600 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Inovalon Holdings by 71.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,070,480 shares of the company’s stock valued at $19,825,000 after buying an additional 447,626 shares in the last quarter. Berkeley Capital Partners LLC raised its stake in shares of Inovalon Holdings by 9.6% in the first quarter. Berkeley Capital Partners LLC now owns 13,039 shares of the company’s stock valued at $241,000 after buying an additional 1,138 shares in the last quarter. Finally, 1832 Asset Management L.P. raised its stake in shares of Inovalon Holdings by 0.9% in the first quarter. 1832 Asset Management L.P. now owns 1,158,900 shares of the company’s stock valued at $36,646,000 after buying an additional 10,200 shares in the last quarter. 32.04% of the stock is currently owned by hedge funds and other institutional investors.

About Inovalon Holdings

Inovalon Holdings, Inc is a technology company. The Company combines advanced cloud-based data analytics and data-driven intervention platforms to provide services for health plans, hospitals, physicians, patients, pharmaceutical companies and researchers. The Company operates through developing cloud-based data analytics and data-driven intervention platforms segment and provides related services to its clients.

5 Day Chart for NASDAQ:INOV

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