Innodata (NASDAQ:INOD) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Innodata (NASDAQ:INOD) from a sell rating to a hold rating in a report published on Saturday.

Several other research analysts also recently issued reports on INOD. Wedbush reissued an “outperform” rating and set a $90.00 price objective on shares of Innodata in a research report on Friday, January 30th. Weiss Ratings cut shares of Innodata from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Zacks Research downgraded shares of Innodata from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Finally, BWS Financial reissued a “top pick” rating and set a $110.00 price target on shares of Innodata in a report on Friday, January 30th. One 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. According to MarketBeat.com, Innodata presently has an average rating of “Moderate Buy” and an average price target of $100.00.

Innodata Price Performance

INOD stock opened at $44.94 on Friday. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $1.47 billion, a P/E ratio of 49.39 and a beta of 2.46. The business has a 50 day simple moving average of $49.50 and a 200-day simple moving average of $59.28. Innodata has a twelve month low of $26.41 and a twelve month high of $93.85.

Innodata (NASDAQ:INOD) last announced its earnings results on Thursday, February 26th. The technology company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. Innodata had a net margin of 12.79% and a return on equity of 35.12%. The business had revenue of $72.38 million for the quarter, compared to analysts’ expectations of $69.47 million. During the same period in the previous year, the company posted $0.34 EPS. The company’s quarterly revenue was up 22.3% on a year-over-year basis. As a group, equities analysts anticipate that Innodata will post 0.81 EPS for the current year.

Hedge Funds Weigh In On Innodata

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. acquired a new position in Innodata during the third quarter worth about $4,876,000. Moody Aldrich Partners LLC purchased a new stake in shares of Innodata during the 3rd quarter worth approximately $3,718,000. WINTON GROUP Ltd purchased a new stake in shares of Innodata during the 3rd quarter worth approximately $1,834,000. Penserra Capital Management LLC acquired a new stake in shares of Innodata in the 3rd quarter worth approximately $3,877,000. Finally, Geode Capital Management LLC grew its holdings in shares of Innodata by 11.0% in the 2nd quarter. Geode Capital Management LLC now owns 700,217 shares of the technology company’s stock worth $35,869,000 after acquiring an additional 69,475 shares during the period. 30.75% of the stock is owned by institutional investors and hedge funds.

Innodata Company Profile

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.