Live Stock Coverage: After Today’s Huge Increase, Is Inovalon Holdings Inc’s Near-Term Analysis Positive?

Live Stock Coverage: After Today's Huge Increase, Is Inovalon Holdings Inc's Near Term Analysis Positive?

The stock of Inovalon Holdings Inc (NASDAQ:INOV) is a huge mover today! The stock increased 7.04% or $0.95 during the last trading session, hitting $14.45. About 2.64M shares traded hands or 283.05% up from the average. Inovalon Holdings Inc (NASDAQ:INOV) has declined 27.22% since April 1, 2016 and is downtrending. It has underperformed by 28.44% the S&P500.
The move comes after 5 months positive chart setup for the $2.21 billion company. It was reported on Nov, 3 by Barchart.com. We have $17.34 PT which if reached, will make NASDAQ:INOV worth $442.00M more.

Inovalon Holdings Inc (NASDAQ:INOV) Ratings Coverage

Out of 11 analysts covering Inovalon Holdings Inc (NASDAQ:INOV), 3 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 27% are positive. Inovalon Holdings Inc has been the topic of 15 analyst reports since August 6, 2015 according to StockzIntelligence Inc. First Analysis initiated it with “Equal-Weight” rating and $14 target price in Tuesday, October 25 report. KeyBanc Capital Markets maintained Inovalon Holdings Inc (NASDAQ:INOV) on Tuesday, August 16 with “Overweight” rating. KeyBanc Capital Markets initiated the shares of INOV in a report on Tuesday, March 29 with “Overweight” rating. Goldman Sachs downgraded Inovalon Holdings Inc (NASDAQ:INOV) on Thursday, August 4 to “Neutral” rating. The firm earned “Outperform” rating on Friday, August 7 by Wells Fargo. The stock of Inovalon Holdings Inc (NASDAQ:INOV) has “Hold” rating given on Monday, August 10 by Zacks. Robert W. Baird downgraded it to “Neutral” rating and $21 target price in Thursday, April 21 report. The stock of Inovalon Holdings Inc (NASDAQ:INOV) earned “Underweight” rating by Morgan Stanley on Wednesday, March 30. The rating was downgraded by William Blair on Thursday, August 4 to “Market Perform”. The rating was maintained by William Blair on Tuesday, August 25 with “Buy”.

According to Zacks Investment Research, “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.”

More important recent Inovalon Holdings Inc (NASDAQ:INOV) news were published by: Fool.com which released: “Why Inovalon Holdings, Inc. Stock Jumped” on November 03, 2016, also Prnewswire.com published article titled: “Shareholder Class Action Filed Against Inovalon Holdings, Inc. – INOV”, Nasdaq.com published: “Is a Surprise Coming for Inovalon Holdings (INOV) This Earnings Season?” on November 01, 2016. More interesting news about Inovalon Holdings Inc (NASDAQ:INOV) was released by: Businesswire.com and their article: “Robbins Arroyo LLP: Inovalon Holdings, Inc. (INOV) Misled Shareholders …” with publication date: June 28, 2016.

INOV Company Profile

Inovalon Holdings, Inc., incorporated on September 11, 2014, is a technology company. The Firm combines advanced cloud data analytics and data-driven intervention platforms to provide services for health plans, hospitals, physicians, patients, pharmaceutical companies and researchers. The Firm operates through developing cloud data analytics and data-driven intervention platforms segment and provides related services to its clients. The Company’s datasets, integration technologies, predictive analytics and subject matter expertise allows the Company to provide platforms. The Company’s analytics platforms identify gaps in care, quality, data integrity and financial performance in its clients’ datasets.

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