The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.04. Following the transaction, the chief executive officer now owns 180,000 shares in the company, valued at $1,657,800. (NASDAQ:INOV), according to U.S. Securities and Exchange Commission (SEC) filings. (NASDAQ:INOV) opened at 9.20 on Friday. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -37% where SMA50 and SMA200 are -34.7% and -42.61% respectively. INOV quarterly performance is -45.72% while firm's price to sale ratio is 2.82 and price to book ratio is 1.81. The company rocked its 52-Week High of $20.05 on Jul 12, 2016 and touched its 52-Week Low of $8.6 on Dec 14, 2016. 2 analysts have suggested "Sell" for the company. Return on Equity (ROE) stands at 5.7% and Return on Investment (ROI) displays a value of 6.6%.
Inovalon Holdings, Inc., incorporated on September 11, 2014, is a technology company. While in the same Quarter Previous year, the Actual EPS was $0.13. The business's revenue was down.4% on a year-over-year basis. Wells Fargo & Co. lowered Inovalon Holdings from an outperform rating to a market perform rating in a research report on Tuesday.
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Inovalon Holdings, Inc.'s (INOV) stock price ended its day with a gain of 5.14% and finalized at the value of $9.20.
A number of brokerages have recently weighed in on INOV.
Relative strength index (RSI-14) for Inovalon Holdings Inc (NASDAQ:INOV) is at 18.40. 7 analysts have rated the company as a "Hold". Riverbridge Partners LLC raised its position in Inovalon Holdings by 29.4% in the second quarter. Now the stock has been rated as "Buy" from 3 Analysts. Finally, Redmond Asset Management LLC raised its stake in Inovalon Holdings by 1.4% in the second quarter.
While looking at the Stock's Performance, Inovalon Holdings, Inc. now shows a Weekly Performance of -35.79%, where Monthly Performance is -38.06%, Quarterly performance is -39.28%, 6 Months performance is -43.96% and yearly performance percentage is -49.82%. Royal Bank of Canada raised its stake in Inovalon Holdings by 5.2% in the second quarter. The stock was acquired at an average price of $9.21 per share, for a total transaction of $921,000.00. Finally, Public Employees Retirement System of OH raised its position in Inovalon Holdings by 94.3% in the second quarter. Following the transaction, the CEO and Chairman of the Board, 10% Owner is left with a stake of 921 shares, now valued at $8059.
INOV has been the subject of several research reports. Finally, TheStreet cut shares of Inovalon Holdings from a hold rating to a sell rating in a research report on Wednesday, August 24th. In the last six months the stock's performance fell -43.96% while yearly performance of the company fell -49.82%.
03/09/2015 - UBS began new coverage on Inovalon Holdings, Inc. giving the company a "buy" rating. Currently, the stock has a 1 Year Price Target of $11.63. The consensus recommendation by Thomson Reuters analysts is Hold and their mean rating for the stock is 3.10 on scale of 1-5. The original version of this piece can be read at https://www.thecerbatgem.com/2016/12/16/inovalon-holdings-inc-inov-receives-16-13-consensus-pt-from-analysts.html.
Inovalon Holdings, Inc. has the Market Capitalization of 580.12 Million.