Price Action To Observe: After Today’s Significant Increase, Is Inovalon Holdings Inc’s Near-Term Analysis Positive?

Price Action To Observe: After Today's Significant Increase, Is Inovalon Holdings Inc's Near Term Analysis Positive?

The stock of Inovalon Holdings Inc (NASDAQ:INOV) is a huge mover today! The stock increased 4.00% or $0.6 on November 23, hitting $15.6. About 492,000 shares traded hands. Inovalon Holdings Inc (NASDAQ:INOV) has declined 14.94% since April 22, 2016 and is downtrending. It has underperformed by 20.35% the S&P500.
The move comes after 7 months positive chart setup for the $2.32B company. It was reported on Nov, 24 by Barchart.com. We have $16.54 PT which if reached, will make NASDAQ:INOV worth $139.20 million more.

Analysts await Inovalon Holdings Inc (NASDAQ:INOV) to report earnings on February, 23. They expect $0.15 earnings per share, up 25.00% or $0.03 from last year’s $0.12 per share. INOV’s profit will be $22.31M for 26.00 P/E if the $0.15 EPS becomes a reality. After $0.04 actual earnings per share reported by Inovalon Holdings Inc for the previous quarter, Wall Street now forecasts 275.00% EPS growth.

Inovalon Holdings Inc (NASDAQ:INOV) Ratings Coverage

Out of 11 analysts covering Inovalon Holdings Inc (NASDAQ:INOV), 3 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 27% are positive. Inovalon Holdings Inc has been the topic of 15 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was downgraded by Robert W. Baird on Thursday, April 21 to “Neutral”. Goldman Sachs downgraded the shares of INOV in a report on Thursday, August 4 to “Neutral” rating. The firm earned “Overweight” rating on Tuesday, March 29 by Pacific Crest. The firm has “Overweight” rating given on Tuesday, March 29 by KeyBanc Capital Markets. The stock of Inovalon Holdings Inc (NASDAQ:INOV) has “Buy” rating given on Tuesday, August 25 by William Blair. Wells Fargo upgraded the shares of INOV in a report on Friday, August 7 to “Outperform” rating. The stock of Inovalon Holdings Inc (NASDAQ:INOV) has “Underweight” rating given on Wednesday, March 30 by Morgan Stanley. The stock of Inovalon Holdings Inc (NASDAQ:INOV) earned “Hold” rating by Zacks on Monday, August 10. As per Thursday, August 4, the company rating was downgraded by William Blair. Citigroup maintained the shares of INOV in a report on Thursday, August 4 with “Neutral” rating.

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 news for Inovalon Holdings Inc (NASDAQ:INOV) were recently published by: Fool.com, which released: “Why Inovalon Holdings, Inc. Stock Jumped” on November 03, 2016. Prnewswire.com‘s article titled: “Shareholder Class Action Filed Against Inovalon Holdings, Inc. – INOV” and published on July 08, 2016 is yet another important article.

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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