Morgan Stanley Downgrades Inovalon Holdings (INOV); Wisconsin Energy (WEC) Has 0.67 Sentiment

Inovalon (NASDAQ:INOV) has insider ownership of 48.28% and institutional ownership of 27.92%.

Inovalon (NASDAQ:INOV) last released its quarterly earnings data on Tuesday, February 20th. The company's revenue for the quarter was up 19.3% compared to the same quarter past year.

Analysts await Inovalon Holdings, Inc. They expect $0.03 earnings per share, down 40.00 % or $0.02 from last year's $0.05 per share.

Several large investors have recently added to or reduced their stakes in INOV.

Inovalon has agreed to acquire ABILITY for $1.2 billion, comprised of $1.1 billion in cash and $100 million in restricted Inovalon stock (translating into 7.6 million shares, based on the 45-day trailing average stock price for INOV as of March 5, 2018 of $13.16), equating to an acquisition price of 16.6x ABILITY's LTM December 31, 2017 Adjusted EBITDA of $72.1 million. Inovalon has a one year low of $10.99 and a one year high of $17.80. Wells Fargo & Co restated a "market perform" rating and issued a $14.00 target price (down from $16.00) on shares of Inovalon in a report on Wednesday, February 21st. Inovalon now has an average rating of "Hold" and an average price target of $13.33. (NASDAQ:INOV) earned "Equal-Weight" rating by Morgan Stanley on Tuesday, September 12. The company has a current ratio of 4.82, a quick ratio of 4.82 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $1,730.00, a price-to-earnings ratio of 91.15, a price-to-earnings-growth ratio of 3.36 and a beta of 0.96.

In other news, insider Shauna L. Vernal sold 44,270 shares of the firm's stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $14.00, for a total transaction of $619,780.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Voya Investment Management LLC now owns 28,393 shares of the technology company's stock worth $373,000 after acquiring an additional 4,469 shares in the last quarter.

Several other research analysts also recently commented on the company. Dimensional Fund Advisors LP boosted its position in shares of Inovalon by 38.3% during the 2nd quarter. Wells Fargo & Company MN boosted its holdings in Inovalon by 74.6% in the second quarter. The firm's revenue was up 19.3% compared to the same quarter a year ago. State Street Corp boosted its holdings in Inovalon by 59.1% in the second quarter. Finally, Voya Investment Management LLC increased its holdings in shares of Inovalon by 18.7% in the 2nd quarter. Macquarie Group Ltd. now owns 26,400 shares of the technology company's stock worth $396,000 after buying an additional 23,700 shares during the period. Finally, Deutsche Bank AG boosted its position in shares of Inovalon by 187.8% in the fourth quarter. State Street Corp now owns 1,151,392 shares of the technology company's stock worth $15,140,000 after acquiring an additional 427,528 shares in the last quarter.

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