Inovalon Holdings Inc (NASDAQ:INOV) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its stake in shares of Inovalon Holdings Inc (NASDAQ:INOV) by 46.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,163 shares of the technology company’s stock after selling 7,099 shares during the quarter. SG Americas Securities LLC’s holdings in Inovalon were worth $134,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Advisor Group Inc. increased its stake in Inovalon by 10.3% in the 2nd quarter. Advisor Group Inc. now owns 8,675 shares of the technology company’s stock valued at $125,000 after purchasing an additional 813 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in Inovalon by 2.3% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 45,669 shares of the technology company’s stock valued at $663,000 after purchasing an additional 1,017 shares in the last quarter. Aperio Group LLC increased its stake in Inovalon by 10.0% in the 2nd quarter. Aperio Group LLC now owns 20,321 shares of the technology company’s stock valued at $295,000 after purchasing an additional 1,848 shares in the last quarter. Bank of Montreal Can increased its stake in Inovalon by 24.1% in the 2nd quarter. Bank of Montreal Can now owns 11,819 shares of the technology company’s stock valued at $171,000 after purchasing an additional 2,299 shares in the last quarter. Finally, NEXT Financial Group Inc increased its stake in Inovalon by 3,748.4% in the 3rd quarter. NEXT Financial Group Inc now owns 2,386 shares of the technology company’s stock valued at $39,000 after purchasing an additional 2,324 shares in the last quarter. 33.83% of the stock is owned by institutional investors.

INOV has been the subject of several research analyst reports. Piper Jaffray Companies raised their price objective on Inovalon from $10.00 to $12.00 and gave the company an “underweight” rating in a research note on Thursday, October 31st. Zacks Investment Research downgraded Inovalon from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. BidaskClub raised Inovalon from a “hold” rating to a “buy” rating in a research report on Saturday, November 23rd. ValuEngine raised Inovalon from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th. Finally, Citigroup initiated coverage on Inovalon in a research report on Wednesday, October 16th. They set a “buy” rating and a $21.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $18.20.

Inovalon stock opened at $18.00 on Monday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.28 and a current ratio of 2.28. The stock has a fifty day moving average of $16.16 and a two-hundred day moving average of $15.51. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 56.25, a PEG ratio of 5.41 and a beta of 0.63. Inovalon Holdings Inc has a fifty-two week low of $11.50 and a fifty-two week high of $18.85.

Inovalon (NASDAQ:INOV) last released its quarterly earnings results on Wednesday, October 30th. The technology company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.03. The company had revenue of $166.50 million during the quarter, compared to the consensus estimate of $164.92 million. Inovalon had a positive return on equity of 7.11% and a negative net margin of 1.37%. Inovalon’s revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 earnings per share. On average, analysts forecast that Inovalon Holdings Inc will post 0.42 EPS for the current fiscal year.

Inovalon Company Profile

Inovalon Holdings, Inc, a technology company, provides cloud-based platforms empowering data-driven healthcare. It operates the Inovalon ONE Platform, a cloud-based platform that interconnect with the healthcare ecosystem to aggregate and analyze data in real-time, as well as empowers the application in resulting insights.

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Institutional Ownership by Quarter for Inovalon (NASDAQ:INOV)

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