Inovalon (NASDAQ:INOV) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Saturday.

INOV has been the subject of a number of other research reports. Zacks Investment Research raised Inovalon from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Wednesday. ValuEngine downgraded Inovalon from a “hold” rating to a “sell” rating in a report on Tuesday, September 4th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. Inovalon presently has a consensus rating of “Hold” and a consensus target price of $11.67.

INOV opened at $10.10 on Friday. Inovalon has a fifty-two week low of $8.90 and a fifty-two week high of $17.70. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.95 and a quick ratio of 1.95. The firm has a market cap of $1.53 billion, a PE ratio of 43.91, a PEG ratio of 2.55 and a beta of 1.11.

Inovalon (NASDAQ:INOV) last posted its earnings results on Wednesday, August 1st. The technology company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.08. Inovalon had a positive return on equity of 3.69% and a negative net margin of 0.40%. The company had revenue of $152.80 million during the quarter, compared to the consensus estimate of $147.09 million. During the same quarter last year, the firm earned $0.08 earnings per share. The company’s revenue was up 38.2% on a year-over-year basis. On average, sell-side analysts predict that Inovalon will post 0.28 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Amalgamated Bank acquired a new stake in shares of Inovalon during the second quarter worth $105,000. Hartford Investment Management Co. acquired a new position in Inovalon in the second quarter valued at about $138,000. California Public Employees Retirement System raised its stake in Inovalon by 93.0% in the second quarter. California Public Employees Retirement System now owns 19,489 shares of the technology company’s stock valued at $193,000 after purchasing an additional 9,389 shares in the last quarter. Xact Kapitalforvaltning AB acquired a new position in Inovalon in the first quarter valued at about $234,000. Finally, Cim Investment Mangement Inc. raised its stake in Inovalon by 161.9% in the second quarter. Cim Investment Mangement Inc. now owns 41,458 shares of the technology company’s stock valued at $411,000 after purchasing an additional 25,628 shares in the last quarter. 33.99% of the stock is owned by institutional investors.

Inovalon Company Profile

Inovalon Holdings, Inc, a technology company, provides cloud-based platforms empowering a data-driven transformation from volume-based to value-based models in the healthcare industry. The company's platform enables the assessment and enhancement of clinical and quality outcomes and financial performance.

See Also: Google Finance Portfolio

Receive News & Ratings for Inovalon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inovalon and related companies with MarketBeat.com's FREE daily email newsletter.