BidaskClub downgraded shares of Inovalon (NASDAQ:INOV) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning, BidAskClub reports.

Several other equities analysts have also commented on the company. Zacks Investment Research upgraded Inovalon from a hold rating to a buy rating and set a $16.00 price target on the stock in a research note on Tuesday, May 7th. ValuEngine raised Inovalon from a hold rating to a buy rating in a report on Friday, April 26th. Finally, SunTrust Banks began coverage on Inovalon in a report on Friday, February 15th. They issued a buy rating and a $22.00 price target for the company. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $15.50.

INOV stock opened at $14.12 on Tuesday. 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 twelve month low of $9.19 and a twelve month high of $15.57. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 78.44, a price-to-earnings-growth ratio of 2.69 and a beta of 0.61.

Inovalon (NASDAQ:INOV) last released its earnings results on Wednesday, May 1st. The technology company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $145.50 million for the quarter, compared to analyst estimates of $143.75 million. Inovalon had a positive return on equity of 6.43% and a negative net margin of 5.28%. The business’s revenue was up 56.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.04) earnings per share. Sell-side analysts predict that Inovalon will post 0.37 earnings per share for the current fiscal year.

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

Several institutional investors and hedge funds have recently modified their holdings of INOV. Rhumbline Advisers lifted its stake in shares of Inovalon by 51.2% in the 4th quarter. Rhumbline Advisers now owns 90,489 shares of the technology company’s stock valued at $1,283,000 after purchasing an additional 30,660 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its stake in Inovalon by 9.8% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 23,109 shares of the technology company’s stock worth $328,000 after acquiring an additional 2,064 shares in the last quarter. Cutler Group LP lifted its stake in Inovalon by 900.0% during the 4th quarter. Cutler Group LP now owns 6,000 shares of the technology company’s stock worth $85,000 after acquiring an additional 5,400 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Inovalon during the 4th quarter worth about $160,000. Finally, BlackRock Inc. lifted its stake in Inovalon by 2.4% during the 4th quarter. BlackRock Inc. now owns 5,246,542 shares of the technology company’s stock worth $74,394,000 after acquiring an additional 124,621 shares in the last quarter. Hedge funds and other institutional investors own 32.33% of the company’s stock.

About Inovalon

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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