AvalonBay Communities, Inc. (AVB) Forms $178.62 Double Bottom; Inovalon Holdings, Inc. (INOV) Had 1 Bulls

December 29, 2017 - By Annabelle Johnson

Among 11 analysts covering Inovalon Holdings Inc (NASDAQ:INOV), 1 have Buy rating, 1 Sell and 9 Hold. Therefore 9% are positive. Inovalon Holdings Inc had 22 analyst reports since August 6, 2015 according to SRatingsIntel. The company was downgraded on Thursday, August 4 by William Blair. William Blair maintained the shares of INOV in report on Tuesday, August 25 with “Buy” rating. The company was downgraded on Monday, August 10 by Zacks. The stock of Inovalon Holdings, Inc. (NASDAQ:INOV) has “Hold” rating given on Friday, October 13 by Robert W. Baird. Robert W. Baird maintained Inovalon Holdings, Inc. (NASDAQ:INOV) rating on Tuesday, September 12. Robert W. Baird has “Hold” rating and $13.0 target. The rating was maintained by KeyBanc Capital Markets on Tuesday, August 16 with “Overweight”. The stock has “Overweight” rating by KeyBanc Capital Markets on Tuesday, March 29. Morgan Stanley upgraded the stock to “Equal-Weight” rating in Tuesday, September 12 report. As per Thursday, April 21, the company rating was downgraded by Robert W. Baird. The stock has “Underweight” rating by PiperJaffray on Thursday, August 4. See Inovalon Holdings, Inc. (NASDAQ:INOV) latest ratings:

16/10/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
13/10/2017 Broker: Robert W. Baird Rating: Hold New Target: $13.0 Maintain
12/09/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
12/09/2017 Broker: Robert W. Baird Rating: Hold New Target: $13.0 Maintain
12/09/2017 Broker: Morgan Stanley Old Rating: Underweight New Rating: Equal-Weight Old Target: $9 New Target: $14 Upgrade

AvalonBay Communities, Inc. (AVB) formed double bottom with $164.33 target or 8.00% below today’s $178.62 share price. AvalonBay Communities, Inc. (AVB) has $24.67 billion valuation. The stock increased 0.02% or $0.04 during the last trading session, reaching $178.62. About 35,299 shares traded. AvalonBay Communities, Inc. (NYSE:AVB) has risen 6.66% since December 29, 2016 and is uptrending. It has underperformed by 10.04% the S&P500.

Inovalon Holdings, Inc., a technology company, provides cloud platforms empowering a data-driven transformation from volume to value models throughout the healthcare industry. The company has market cap of $2.20 billion. 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. It has a 123.77 P/E ratio. It serves health plans and well-known provider organizations, as well as pharmaceutical, medical device, and diagnostics companies.

The stock increased 0.67% or $0.1 during the last trading session, reaching $15.1. About 11,367 shares traded. Inovalon Holdings, Inc. (NASDAQ:INOV) has declined 28.38% since December 29, 2016 and is downtrending. It has underperformed by 45.08% the S&P500.

Analysts await AvalonBay Communities, Inc. (NYSE:AVB) to report earnings on February, 7. They expect $2.25 earnings per share, up 6.13% or $0.13 from last year’s $2.12 per share. AVB’s profit will be $310.72 million for 19.85 P/E if the $2.25 EPS becomes a reality. After $2.19 actual earnings per share reported by AvalonBay Communities, Inc. for the previous quarter, Wall Street now forecasts 2.74% EPS growth.

Among 25 analysts covering Avalonbay Communities Inc. (NYSE:AVB), 12 have Buy rating, 1 Sell and 12 Hold. Therefore 48% are positive. Avalonbay Communities Inc. has $220 highest and $180 lowest target. $201.24’s average target is 12.66% above currents $178.62 stock price. Avalonbay Communities Inc. had 69 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, September 8 by Evercore. The company was downgraded on Monday, March 7 by BMO Capital Markets. The company was maintained on Friday, May 26 by BMO Capital Markets. As per Wednesday, August 2, the company rating was maintained by BMO Capital Markets. The stock of AvalonBay Communities, Inc. (NYSE:AVB) has “Hold” rating given on Monday, October 23 by KeyBanc Capital Markets. On Wednesday, April 19 the stock rating was downgraded by JMP Securities to “Market Perform”. The rating was upgraded by Mizuho to “Buy” on Friday, December 16. The stock of AvalonBay Communities, Inc. (NYSE:AVB) earned “Hold” rating by Jefferies on Wednesday, August 10. The stock of AvalonBay Communities, Inc. (NYSE:AVB) has “Equal-Weight” rating given on Thursday, April 14 by Barclays Capital. The stock has “Buy” rating by Sandler O’Neill on Tuesday, September 6.

Investors sentiment increased to 1.27 in 2017 Q3. Its up 0.41, from 0.86 in 2017Q2. It is positive, as 27 investors sold AvalonBay Communities, Inc. shares while 128 reduced holdings. 58 funds opened positions while 139 raised stakes. 128.20 million shares or 3.63% less from 133.03 million shares in 2017Q2 were reported. Neuberger Berman Grp Inc invested 0% in AvalonBay Communities, Inc. (NYSE:AVB). Walleye Trading Ltd Liability holds 12,331 shares. Da Davidson And stated it has 0.01% of its portfolio in AvalonBay Communities, Inc. (NYSE:AVB). Kentucky Retirement Ins Trust Fund has invested 0.12% of its portfolio in AvalonBay Communities, Inc. (NYSE:AVB). Heitman Real Secs Ltd Company owns 502,267 shares. State Street Corp owns 8.00M shares. Ameriprise Finance has invested 0.04% in AvalonBay Communities, Inc. (NYSE:AVB). Daiwa Secs Grp Inc invested in 1.25 million shares. Thrivent Fincl For Lutherans holds 0.04% of its portfolio in AvalonBay Communities, Inc. (NYSE:AVB) for 70,888 shares. Cadence Capital Mngmt Ltd Liability Company holds 0.13% in AvalonBay Communities, Inc. (NYSE:AVB) or 11,251 shares. Aperio Gru Ltd holds 62,613 shares. Australia-based Commonwealth Savings Bank Of Australia has invested 0.01% in AvalonBay Communities, Inc. (NYSE:AVB). Landscape Mgmt Ltd Co reported 0.08% stake. Moreover, Profund Advsrs Limited Liability has 0.07% invested in AvalonBay Communities, Inc. (NYSE:AVB). Global X Mngmt Limited Liability holds 0.02% or 3,401 shares.

Since December 11, 2017, it had 0 insider purchases, and 3 sales for $5.26 million activity. Breslin Sean J. also sold $273,975 worth of AvalonBay Communities, Inc. (NYSE:AVB) shares. The insider NAUGHTON TIMOTHY J sold $4.63 million. On Monday, December 11 HOREY LEO S III sold $365,500 worth of AvalonBay Communities, Inc. (NYSE:AVB) or 2,000 shares.