Impact of Brokerage Rating on Inovalon Holdings, Inc.(INOV)

Many Inovalon Holdings, Inc.(INOV) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Inovalon Holdings Inc was Downgraded by BofA/Merrill to Underperform on Feb 13, 2017. Inovalon Holdings Inc was Downgraded by KeyBanc Capital Mkts to Sector Weight on Dec 20, 2016. Inovalon Holdings Inc was Downgraded by Wells Fargo to Market Perform on Dec 13, 2016.

Company has reported several Insider transactions to the SEC, on Dec 19, 2016, Robert A Wychulis (President) purchased 1,675 shares at 9.29 per share price.On Dec 19, 2016, Andre S Hoffmann (director 10% owner) purchased 200,000 shares at 9.29 per share price.On Dec 16, 2016, William D Green (director) purchased 30,000 shares at 9.29 per share price.

Inovalon Holdings Inc Last issued its quarterly earnings results on Nov 2, 2016. The company reported $0.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.04. Analyst had a consensus of $0.06. The company had revenue of $105.01 million for the quarter, compared to analysts expectations of $102.38 million. The companys revenue was down -.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.09 EPS.

Inovalon Holdings, Inc. (NASDAQ:INOV) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 3.54 by 8 Brokerage Firm. 5 Brokerage Firms have advised hold. 2 Analysts have rated it as strong sell. A sell rating was given by 1 analyst.

Inovalon Holdings, Inc. (NASDAQ:INOV): The mean estimate for the short term price target for Inovalon Holdings, Inc. (NASDAQ:INOV) stands at $10.2 according to 5 Analysts. The higher price target estimate for the stock has been calculated at $14 while the lower price target estimate is at $8.

Inovalon Holdings, Inc. (NASDAQ:INOV) rose 2.65% or 0.3 points on Tuesday and made its way into the gainers of the day. After trading began at $11.25 the stock was seen hitting $11.65 as a peak level and $11.15 as the lowest level. The stock ended up at $11.6. The daily volume was measured at 630,956 shares. The 52-week high of the share price is $20.05 and the 52-week low is $8.6. The company has a market cap of $1,706 million.

Inovalon Holdings, Inc. is a technology company which provides cloud-based data analytics and data-driven intervention platforms for healthcare sector. The company operates through IT and services group. IT operations group manages the process steps from data receipt through to the generation of analytical outputs and services operations group manages the process steps applied to achieve impact through its data-driven intervention platforms. It serves health plans, hospitals, physicians, patients, pharmaceutical companies and researchers. Inovalon Holdings, Inc. is headquartered in Bowie, Maryland.

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