Wedbush Forecasts Strong Price Appreciation for Innodata (NASDAQ:INOD) Stock

Posted by George Bondi on Jun 4th, 2026

Innodata (NASDAQ:INOD – Get Free Report) had its price target raised by Wedbush from $100.00 to $120.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the technology company’s stock. Wedbush’s price target points to a potential upside of 10.83% from the stock’s current price.

A number of other research firms have also recently issued reports on INOD. Wall Street Zen raised shares of Innodata from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Weiss Ratings lowered shares of Innodata from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 19th. Finally, BWS Financial reissued a “top pick” rating and issued a $110.00 target price on shares of Innodata in a research report 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 given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $115.00.

Check Out Our Latest Research Report on Innodata

Innodata Stock Performance

Shares of INOD stock opened at $108.27 on Thursday. Innodata has a 12-month low of $34.23 and a 12-month high of $118.45. The business’s fifty day simple moving average is $62.81 and its 200-day simple moving average is $55.98. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 0.07. The company has a market cap of $3.54 billion, a PE ratio of 97.54 and a beta of 2.83.

Innodata (NASDAQ:INOD – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.34. The firm had revenue of $90.10 million for 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 company’s revenue for the quarter was up 54.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.22 earnings per share. Analysts expect that Innodata will post 0.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Innodata news, COO Ashok Mishra sold 242,901 shares of Innodata stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $90.15, for a total transaction of $21,897,525.15. Following the completion of the sale, the chief operating officer directly owned 95,179 shares in the company, valued at approximately $8,580,386.85. The trade was a 71.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jack Abuhoff sold 150,000 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $94.39, for a total transaction of $14,158,500.00. Following the completion of the sale, the chief executive officer directly owned 1,340,456 shares in the company, valued at $126,525,641.84. This trade represents a 10.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,178,826 shares of company stock valued at $112,016,456 over the last three months. 11.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Innodata

Hedge funds have recently added to or reduced their stakes in the business. RFG Advisory LLC acquired a new stake in shares of Innodata during the 4th quarter worth approximately $5,750,000. WINTON GROUP Ltd acquired a new position in shares of Innodata during the 3rd quarter worth about $1,834,000. Penserra Capital Management LLC purchased a new position in shares of Innodata in the third quarter valued at approximately $3,877,000. Bleakley Financial Group LLC purchased a new position in Innodata in the 4th quarter valued at $900,000. Finally, UBS Group AG lifted its stake in shares of Innodata by 37.1% in the fourth quarter. UBS Group AG now owns 350,928 shares of the technology company’s stock worth $17,880,000 after buying an additional 95,002 shares in the last quarter. 30.75% of the stock is owned by hedge funds and other institutional investors.

Innodata Company Profile

(Get Free Report)

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.