Innodata (NASDAQ:INOD) Stock Price Down 7.5% – Here’s What Happened

Shares of Innodata Inc. (NASDAQ:INOD) fell 7.5% during mid-day trading on Friday . The stock traded as low as $38.25 and last traded at $37.9440. 417,117 shares were traded during mid-day trading, a decline of 66% from the average session volume of 1,209,341 shares. The stock had previously closed at $41.00.

Analyst Ratings Changes

A number of research firms have recently commented on INOD. Wedbush restated an “outperform” rating and set a $90.00 price objective on shares of Innodata in a research note on Friday, January 30th. BWS Financial reaffirmed a “top pick” rating and issued a $110.00 target price on shares of Innodata in a research report on Friday, January 30th. Weiss Ratings lowered Innodata from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Zacks Research cut Innodata from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Finally, Wall Street Zen upgraded Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $100.00.

Innodata Trading Down 11.7%

The company has a market cap of $1.18 billion, a P/E ratio of 40.09 and a beta of 2.46. The business’s 50-day moving average price is $48.41 and its 200 day moving average price is $59.05. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.68 and a current ratio of 2.68.

Innodata (NASDAQ:INOD) last issued its earnings results on Thursday, February 26th. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $69.47 million. During the same period last year, the business posted $0.34 EPS. Innodata’s revenue was up 22.3% on a year-over-year basis. As a group, analysts expect that Innodata Inc. will post 0.81 earnings per share for the current year.

Institutional Trading of Innodata

A number of hedge funds have recently made changes to their positions in INOD. Northwestern Mutual Wealth Management Co. bought a new position in shares of Innodata during the 4th quarter worth approximately $26,000. Farther Finance Advisors LLC raised its stake in Innodata by 506.0% in the 4th quarter. Farther Finance Advisors LLC now owns 806 shares of the technology company’s stock valued at $41,000 after acquiring an additional 673 shares during the period. Global Retirement Partners LLC acquired a new stake in Innodata during the 3rd quarter valued at $50,000. IFP Advisors Inc lifted its holdings in Innodata by 1,567.5% during the 3rd quarter. IFP Advisors Inc now owns 667 shares of the technology company’s stock valued at $51,000 after purchasing an additional 627 shares during the last quarter. Finally, Leonteq Securities AG bought a new position in Innodata during the fourth quarter worth $51,000. 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.