Jason Capitel Acquires 20,000 Shares of Inovalon Holdings Inc (INOV) Stock

Inovalon Holdings Inc (NASDAQ:INOV) COO Jason Capitel bought 20,000 shares of Inovalon stock in a transaction that occurred on Tuesday, November 13th. The shares were acquired at an average cost of $11.06 per share, with a total value of $221,200.00. Following the acquisition, the chief operating officer now owns 357,833 shares of the company’s stock, valued at $3,957,632.98. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of Inovalon stock opened at $11.54 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.07 and a quick ratio of 2.07. Inovalon Holdings Inc has a 1 year low of $8.90 and a 1 year high of $16.90. The firm has a market cap of $1.68 billion, a P/E ratio of 50.17, a price-to-earnings-growth ratio of 3.61 and a beta of 1.02.

Inovalon (NASDAQ:INOV) last issued its earnings results on Wednesday, November 7th. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.01). Inovalon had a positive return on equity of 4.12% and a negative net margin of 2.12%. The business had revenue of $145.81 million for the quarter, compared to analysts’ expectations of $159.53 million. During the same period last year, the business earned $0.09 EPS. The company’s revenue for the quarter was up 25.9% on a year-over-year basis. As a group, equities analysts anticipate that Inovalon Holdings Inc will post 0.22 earnings per share for the current fiscal year.

Several research analysts recently issued reports on INOV shares. ValuEngine raised shares of Inovalon from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Zacks Investment Research raised shares of Inovalon from a “hold” rating to a “strong-buy” rating and set a $14.00 target price for the company in a report on Tuesday, August 7th. BidaskClub raised shares of Inovalon from a “hold” rating to a “buy” rating in a report on Tuesday, August 7th. Finally, Wells Fargo & Co reduced their target price on shares of Inovalon from $14.00 to $11.00 and set a “market perform” rating for the company in a report on Thursday, November 8th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $10.67.

Several institutional investors have recently modified their holdings of INOV. Schwab Charles Investment Management Inc. grew its position in Inovalon by 5.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 343,476 shares of the technology company’s stock valued at $3,409,000 after buying an additional 16,353 shares during the period. Prescott Group Capital Management L.L.C. grew its position in Inovalon by 9.5% during the second quarter. Prescott Group Capital Management L.L.C. now owns 689,434 shares of the technology company’s stock valued at $6,843,000 after buying an additional 60,000 shares during the period. Amalgamated Bank acquired a new stake in Inovalon during the second quarter valued at $105,000. United Services Automobile Association grew its position in Inovalon by 1,753.2% during the second quarter. United Services Automobile Association now owns 194,976 shares of the technology company’s stock valued at $24,684,000 after buying an additional 184,455 shares during the period. Finally, Rhumbline Advisers grew its position in Inovalon by 11.2% during the second quarter. Rhumbline Advisers now owns 63,533 shares of the technology company’s stock valued at $631,000 after buying an additional 6,380 shares during the period. 34.06% of the stock is owned by hedge funds and other institutional investors.

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About Inovalon

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.

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