Inovalon Stake (INOV) Received News Effect Score of 0.01

Inovalon Stake (INOV) Received News Effect Score of 0.01

News stories about Inovalon Holdings (NASDAQ:INOV) have been trending somewhat positive this week, AlphaOne reports. AlphaOne, a service of Accern, scores the sentiment of news coverage by analyzing more than 20 million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Inovalon Holdings earned a news impact score of 0.01 on AlphaOne’s scale. AlphaOne also gave headlines about the technology company an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an impact on the company’s share price in the near term.

Here are some of the news headlines that may have impacted AlphaOne Sentiment’s rankings:

INOV has been the subject of several research reports. Bank of America Corp downgraded shares of Inovalon Holdings from a “neutral” rating to an “underperform” rating and set a $10.00 price objective for the company. in a research note on Monday, February 13th. Zacks Investment Research upgraded shares of Inovalon Holdings from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Wednesday, April 26th. Finally, William Blair restated a “market perform” rating on shares of Inovalon Holdings in a research note on Thursday, February 23rd. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $15.33.

Shares of Inovalon Holdings (INOV) traded down 1.09% on Friday, hitting $13.55. 421,784 shares of the stock traded hands. The stock has a 50-day moving average price of $12.84 and a 200 day moving average price of $12.29. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 74.86 and a beta of 1.14. Inovalon Holdings has a 12-month low of $8.60 and a 12-month high of $20.05.

Inovalon Holdings (NASDAQ:INOV) last posted its quarterly earnings results on Wednesday, May 3rd. The technology company reported $0.05 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.05. Inovalon Holdings had a net margin of 9.37% and a return on equity of 7.79%. The firm had revenue of $108.31 million for the quarter, compared to the consensus estimate of $102.05 million. On average, analysts anticipate that Inovalon Holdings will post $0.30 earnings per share for the current fiscal year.

In other Inovalon Holdings news, insider Joseph R. Rostock sold 104,649 shares of Inovalon Holdings stock in a transaction on Monday, May 8th. The shares were sold at an average price of $13.07, for a total transaction of $1,367,762.43. Following the sale, the insider now owns 171,824 shares in the company, valued at $2,245,739.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shauna L. Vernal sold 19,332 shares of Inovalon Holdings stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $13.60, for a total transaction of $262,915.20. Following the sale, the insider now owns 66,261 shares in the company, valued at approximately $901,149.60. The disclosure for this sale can be found here. 50.71% of the stock is owned by insiders.

Inovalon Holdings 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:INOV”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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