Inovalon (NASDAQ:INOV) issued its quarterly earnings results on Wednesday. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04, Briefing.com reports. The business had revenue of $173.50 million for the quarter, compared to the consensus estimate of $172.18 million. Inovalon had a positive return on equity of 7.11% and a negative net margin of 1.37%. The business’s quarterly revenue was up 27.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.05 earnings per share.
Shares of NASDAQ INOV traded down $1.42 during mid-day trading on Thursday, hitting $20.85. The stock had a trading volume of 460,664 shares, compared to its average volume of 336,477. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.28 and a current ratio of 2.28. The company has a 50 day moving average of $20.21 and a two-hundred day moving average of $17.56. Inovalon has a twelve month low of $11.50 and a twelve month high of $22.58. The firm has a market cap of $3.43 billion, a PE ratio of -347.50, a PEG ratio of 6.07 and a beta of 0.63.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Inovalon from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. BidaskClub raised Inovalon from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. ValuEngine raised Inovalon from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th. SunTrust Banks upped their target price on Inovalon from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Piper Jaffray Companies upped their target price on Inovalon from $10.00 to $12.00 and gave the company an “underweight” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $20.00.
Inovalon Holdings, Inc, a technology company, provides cloud-based platforms empowering data-driven healthcare. It operates the Inovalon ONE Platform, a cloud-based platform that interconnect with the healthcare ecosystem to aggregate and analyze data in real-time, as well as empowers the application in resulting insights.
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