Inovalon (INOV) Scheduled to Post Earnings on Tuesday

Inovalon (NASDAQ:INOV) will release its earnings data after the market closes on Tuesday, February 20th. Analysts expect Inovalon to post earnings of $0.07 per share for the quarter.

Shares of Inovalon (NASDAQ INOV) opened at $12.35 on Tuesday. Inovalon has a twelve month low of $10.45 and a twelve month high of $17.80. The firm has a market capitalization of $1,800.00 and a PE ratio of 102.92. The company has a quick ratio of 5.62, a current ratio of 5.62 and a debt-to-equity ratio of 0.31.

In other Inovalon news, President Robert A. Wychulis sold 85,828 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $15.54, for a total value of $1,333,767.12. Following the completion of the transaction, the president now owns 466,286 shares in the company, valued at approximately $7,246,084.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Shauna L. Vernal sold 44,270 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $14.00, for a total value of $619,780.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 136,006 shares of company stock valued at $2,048,134. 48.28% of the stock is owned by corporate insiders.

Several brokerages recently weighed in on INOV. Zacks Investment Research lowered Inovalon from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. BidaskClub lowered Inovalon from a “sell” rating to a “strong sell” rating in a report on Thursday, December 14th. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Inovalon currently has an average rating of “Hold” and a consensus target price of $12.00.

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Inovalon Company Profile

Inovalon Holdings, Inc (Inovalon) is a technology company. The Company provides cloud-based platforms empowering a data-driven transformation from volume-based to value-based models to the healthcare industry. Leveraging large-scale data interconnectivity capabilities, unparalleled proprietary data sets, advanced analytics, data-driven intervention systems, and subject matter expertise, Inovalon enables the assessment and improvement of clinical and quality outcomes and financial performance across the healthcare ecosystem.

Earnings History for Inovalon (NASDAQ:INOV)

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