The stock of Inovalon Holdings Inc (NASDAQ:INOV) is a huge mover today! About 199,293 shares traded hands. Inovalon Holdings Inc (NASDAQ:INOV) has declined 22.32% since March 15, 2016 and is downtrending. It has underperformed by 27.81% the S&P500.
The move comes after 7 months positive chart setup for the $2.21 billion company. It was reported on Oct, 18 by Barchart.com. We have $19.44 PT which if reached, will make NASDAQ:INOV worth $773.50M more.
Analysts await Inovalon Holdings Inc (NASDAQ:INOV) to report earnings on November, 2. They expect $0.04 earnings per share, down 50.00% or $0.04 from last year’s $0.08 per share. INOV’s profit will be $6.14 million for 90.00 P/E if the $0.04 EPS becomes a reality. After $0.13 actual earnings per share reported by Inovalon Holdings Inc for the previous quarter, Wall Street now forecasts -69.23% negative EPS growth.
Inovalon Holdings Inc (NASDAQ:INOV) Ratings Coverage
Out of 10 analysts covering Inovalon Holdings Inc (NASDAQ:INOV), 3 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 30% are positive. Inovalon Holdings Inc has been the topic of 14 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock has “Overweight” rating given by KeyBanc Capital Markets on Tuesday, March 29. The firm has “Americas Conviction List” rating by Goldman Sachs given on Tuesday, August 18. As per Thursday, August 4, the company rating was downgraded by William Blair. Zacks downgraded the shares of INOV in a report on Monday, August 10 to “Hold” rating. The firm earned “Buy” rating on Tuesday, August 25 by William Blair. The rating was upgraded by Wells Fargo on Friday, August 7 to “Outperform”. The company was downgraded on Wednesday, March 30 by Morgan Stanley. The stock has “Overweight” rating given by Pacific Crest on Tuesday, March 29. The firm has “Neutral” rating by Goldman Sachs given on Thursday, August 4. The firm has “Neutral” rating by Robert W. Baird given on Thursday, April 21.
According to Zacks Investment Research, “Inovalon Holdings, Inc. is a technology company which provides cloud-based data analytics and data-driven intervention platforms for healthcare sector. The company operates through IT and services group. IT operations group manages the process steps from data receipt through to the generation of analytical outputs and services operations group manages the process steps applied to achieve impact through its data-driven intervention platforms. It serves health plans, hospitals, physicians, patients, pharmaceutical companies and researchers. Inovalon Holdings, Inc. is headquartered in Bowie, Maryland.”
More recent Inovalon Holdings Inc (NASDAQ:INOV) news were published by: Finance.Yahoo.com which released: “Final Deadline Reminder for Inovalon Holdings, Inc. Shareholders” on August 19, 2016. Also Prnewswire.com published the news titled: “Shareholder Class Action Filed Against Inovalon Holdings, Inc. – INOV” on July 08, 2016. Globenewswire.com‘s news article titled: “Inovalon Holdings, Inc. Announces Date of Its 2016 Annual Meeting of Stockholders” with publication date: March 07, 2016 was also an interesting one.
INOV Company Profile
Inovalon Holdings, Inc., incorporated on September 11, 2014, is a technology company. The Firm combines advanced cloud data analytics and data-driven intervention platforms to provide services for health plans, hospitals, physicians, patients, pharmaceutical companies and researchers. The Firm operates through developing cloud data analytics and data-driven intervention platforms segment and provides related services to its clients. The Company’s datasets, integration technologies, predictive analytics and subject matter expertise allows the Company to provide platforms. The Company’s analytics platforms identify gaps in care, quality, data integrity and financial performance in its clients’ datasets.
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