Innodata Inc. (NASDAQ:INOD – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $116.67.
A number of analysts have commented on the company. Weiss Ratings lowered Innodata from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Yorkville Ives started coverage on Innodata in a report on Monday, October 5th. They set an “outperform” rating and a $90.00 price target on the stock. Zacks Research cut Innodata from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Finally, BWS Financial reaffirmed a “top pick” rating and set a $140.00 price objective on shares of Innodata in a research report on Friday, September 18th.
View Our Latest Analysis on Innodata
Innodata Stock Up 2.4%
NASDAQ INOD traded up $1.26 during mid-day trading on Monday, reaching $54.08. The stock had a trading volume of 347,489 shares, compared to its average volume of 1,484,072. Innodata has a 1 year low of $34.23 and a 1 year high of $125.14. The stock has a market cap of $1.86 billion, a PE ratio of 40.92 and a beta of 2.98. The company has a fifty day moving average price of $60.56 and a 200 day moving average price of $67.38. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.73 and a quick ratio of 1.73.
Innodata (NASDAQ:INOD – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The technology company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.20. Innodata had a return on equity of 37.79% and a net margin of 14.66%. The business had revenue of $92.14 million for the quarter, compared to analysts’ expectations of $86.31 million. During the same period in the prior year, the firm posted $0.20 EPS. The firm’s quarterly revenue was up 57.8% on a year-over-year basis. On average, research analysts expect that Innodata will post 1.35 earnings per share for the current year.
Insiders Place Their Bets
In other Innodata news, Director Louise Forlenza sold 10,000 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $53.54, for a total value of $535,400.00. Following the completion of the transaction, the director owned 5,424 shares of the company’s stock, valued at approximately $290,400.96. The trade was a 64.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 11.80% of the company’s stock.
Institutional Trading of Innodata
Large investors have recently made changes to their positions in the stock. Glenmede Trust Co. NA raised its holdings in shares of Innodata by 3.5% during the first quarter. Glenmede Trust Co. NA now owns 7,336 shares of the technology company’s stock valued at $283,000 after purchasing an additional 248 shares during the last quarter. Compass Financial Management LLC bought a new position in Innodata during the second quarter valued at approximately $26,000. Ancora Advisors LLC purchased a new stake in Innodata in the second quarter worth approximately $36,000. CoreCap Advisors LLC boosted its holdings in Innodata by 333.3% in the third quarter. CoreCap Advisors LLC now owns 650 shares of the technology company’s stock worth $43,000 after purchasing an additional 500 shares during the last quarter. Finally, Quantum Portfolio Management LLC boosted its holdings in Innodata by 7.6% in the first quarter. Quantum Portfolio Management LLC now owns 7,192 shares of the technology company’s stock worth $278,000 after purchasing an additional 505 shares during the last quarter. 30.75% of the stock is currently owned by institutional investors.
Innodata Company Profile
Innodata Inc (NASDAQ: INOD) is a data engineering and artificial intelligence services company that helps organizations develop, train and deploy AI systems. Its work includes preparing and managing data, creating training datasets, evaluating AI model outputs and supporting the development of large language models and other machine-learning applications.
The company provides services such as data annotation and labeling, model evaluation, generative AI and natural-language processing support, content transformation, and data management.
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