Inovalon Holdings Inc. (NASDAQ:INOV) traded down 2.6% during mid-day trading on Friday . The company traded as low as $19.08 and last traded at $19.10, with a volume of 325,549 shares changing hands. The stock had previously closed at $19.60.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Inovalon Holdings from a “buy” rating to a “hold” rating in a research note on Friday, July 8th. Morgan Stanley lowered shares of Inovalon Holdings from an “equal weight” rating to an “underweight” rating and set a $16.00 target price on the stock. in a research note on Wednesday, March 30th. Robert W. Baird lowered shares of Inovalon Holdings from an “outperform” rating to a “neutral” rating and cut their target price for the company from $22.00 to $21.00 in a research note on Thursday, April 21st. KeyCorp assumed coverage on shares of Inovalon Holdings in a research note on Monday, March 28th. They issued an “overweight” rating and a $26.00 target price on the stock. Finally, Pacific Crest assumed coverage on shares of Inovalon Holdings in a research note on Tuesday, March 29th. They issued an “overweight” rating and a $26.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $21.71.

The company has a 50-day moving average of $18.18 and a 200-day moving average of $17.84. The stock has a market capitalization of $2.93 billion and a PE ratio of 52.74.

Inovalon Holdings (NASDAQ:INOV) last posted its earnings results on Wednesday, May 4th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by $0.03. During the same quarter in the previous year, the firm earned $0.11 EPS. The company had revenue of $102.70 million for the quarter, compared to analyst estimates of $97.96 million. The company’s revenue was up 9.7% compared to the same quarter last year. On average, equities analysts forecast that Inovalon Holdings Inc. will post $0.56 earnings per share for the current year.

In related news, insider Daniel L. Rizzo sold 43,577 shares of the firm’s stock in a transaction on Tuesday, July 12th. The shares were sold at an average price of $20.02, for a total value of $872,411.54. Following the transaction, the insider now directly owns 320,385 shares in the company, valued at approximately $6,414,107.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Keith R. Dunleavy bought 30,000 shares of the stock in a transaction that occurred on Monday, May 9th. The stock was purchased at an average price of $16.68 per share, for a total transaction of $500,400.00. Following the completion of the purchase, the chief executive officer now directly owns 53,147 shares in the company, valued at approximately $886,491.96. The disclosure for this purchase can be found here.

Other hedge funds and institutional investors have recently bought and sold shares of the company. Eaton Vance Management purchased a new position in Inovalon Holdings during the fourth quarter worth about $4,908,000. Sei Investments Co. raised its position in Inovalon Holdings by 69,028.7% in the fourth quarter. Sei Investments Co. now owns 257,850 shares of the company’s stock worth $4,383,000 after buying an additional 257,477 shares during the last quarter. Russell Frank Co raised its position in Inovalon Holdings by 29.1% in the fourth quarter. Russell Frank Co now owns 237,767 shares of the company’s stock worth $4,094,000 after buying an additional 53,651 shares during the last quarter. Finally, Schroder Investment Management Group raised its position in Inovalon Holdings by 384.4% in the fourth quarter. Schroder Investment Management Group now owns 223,800 shares of the company’s stock worth $3,805,000 after buying an additional 177,600 shares during the last quarter.

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. Through its datasets, integration technologies, predictive analytics and subject matter expertise, the Company delivers platforms.

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