Inovalon Holdings Inc (NASDAQ:INOV) has been assigned an average recommendation of “Hold” from the thirteen ratings firms that are currently covering the stock. Four investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $15.44.

INOV has been the subject of several research reports. Bank of America Corp cut shares of Inovalon Holdings from a “neutral” rating to an “underperform” rating and set a $10.00 price target for the company. in a research report on Monday, February 13th. Zacks Investment Research cut shares of Inovalon Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, December 22nd. Wells Fargo & Co cut shares of Inovalon Holdings from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 13th. William Blair reaffirmed a “market perform” rating on shares of Inovalon Holdings in a research report on Thursday, February 23rd. Finally, Pacific Crest set a $20.00 price target on shares of Inovalon Holdings and gave the stock a “buy” rating in a research report on Sunday, December 4th.

Several hedge funds and other institutional investors have recently bought and sold shares of INOV. Barings LLC purchased a new position in Inovalon Holdings during the fourth quarter valued at approximately $781,000. Tudor Investment Corp Et Al raised its position in Inovalon Holdings by 212.5% in the fourth quarter. Tudor Investment Corp Et Al now owns 70,606 shares of the company’s stock valued at $727,000 after buying an additional 48,011 shares during the period. Two Sigma Investments LP purchased a new position in Inovalon Holdings during the fourth quarter valued at approximately $5,263,000. Capstone Investment Advisors LLC purchased a new position in Inovalon Holdings during the fourth quarter valued at approximately $300,000. Finally, Menta Capital LLC raised its position in Inovalon Holdings by 147.9% in the fourth quarter. Menta Capital LLC now owns 141,966 shares of the company’s stock valued at $1,462,000 after buying an additional 84,700 shares during the period. Hedge funds and other institutional investors own 28.75% of the company’s stock.

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Shares of Inovalon Holdings (NASDAQ:INOV) traded up 1.65% during trading on Monday, hitting $12.35. 119,176 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $11.75 and a 200-day moving average price of $13.17. Inovalon Holdings has a one year low of $8.60 and a one year high of $20.05. The stock has a market cap of $1.83 billion, a P/E ratio of 68.61 and a beta of 1.14.

Inovalon Holdings (NASDAQ:INOV) last announced its quarterly earnings results on Wednesday, February 22nd. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02. Inovalon Holdings had a net margin of 9.37% and a return on equity of 7.79%. The firm earned $96.09 million during the quarter, compared to analysts’ expectations of $95.10 million. During the same quarter in the prior year, the company earned $0.13 EPS. The company’s revenue was down 20.3% compared to the same quarter last year. Equities research analysts expect that Inovalon Holdings will post $0.30 EPS for the current fiscal year.

Inovalon Holdings Company Profile

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. The Company operates through developing cloud-based data analytics and data-driven intervention platforms segment and provides related services to its clients.

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