Innodata Inc. (NASDAQ:INOD – Get Free Report) saw unusually large options trading activity on Monday. Investors purchased 7,880 call options on the stock. This is an increase of approximately 138% compared to the typical daily volume of 3,310 call options.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on INOD shares. Wedbush lifted their price objective on shares of Innodata from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday. Wall Street Zen raised shares of Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Innodata in a research note on Friday, April 10th. Finally, BWS Financial reaffirmed a “top pick” rating and issued a $110.00 price objective on shares of Innodata in a research note on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Innodata has an average rating of “Moderate Buy” and an average target price of $95.00.
View Our Latest Stock Analysis on INOD
Institutional Inflows and Outflows
Innodata Trading Up 26.4%
Shares of NASDAQ:INOD traded up $22.43 during mid-day trading on Monday, hitting $107.32. The stock had a trading volume of 5,385,988 shares, compared to its average volume of 1,416,418. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.49 and a current ratio of 2.49. The company has a market cap of $3.50 billion, a PE ratio of 97.78 and a beta of 2.40. Innodata has a 12-month low of $33.44 and a 12-month high of $113.53. The company’s 50 day moving average is $42.73 and its 200-day moving average is $52.37.
Innodata (NASDAQ:INOD – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.08 by $0.34. The business had revenue of $90.10 million during the quarter, compared to the consensus estimate of $76.47 million. Innodata had a net margin of 13.86% and a return on equity of 37.49%. The firm’s quarterly revenue was up 54.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.22 EPS. On average, sell-side analysts predict that Innodata will post 0.93 EPS for the current year.
About Innodata
Innodata Inc (NASDAQ: INOD) is a digital services and technology company that specializes in data engineering and artificial intelligence solutions. Founded in 1988 and headquartered in East Brunswick, New Jersey, the company provides structured content and digital transformation services to publishers, media companies, legal and compliance organizations, and other information-intensive industries. Innodata’s platform enables clients to convert unstructured text, images and multimedia into high‐quality, machine‐readable formats that support search, analytics and AI model training.
The firm’s offerings include content enrichment, metadata management, taxonomy development, digital asset management and data annotation services.
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