Innodata Director Acquires $4,960 in Stock (INOD)
Innodata (NASDAQ:INOD) Director Stewart R. Massey bought 1,600 shares of the stock on the open market in a transaction dated Monday, August 25th. The stock was purchased at an average price of $3.10 per share, for a total transaction of $4,960.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $31,000. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
Separately, analysts at Zacks downgraded shares of Innodata from a “neutral” rating to an “underperform” rating in a research note on Monday, August 4th. They now have a $2.80 price target on the stock.
Shares of Innodata (NASDAQ:INOD) traded down 1.27% during mid-day trading on Wednesday, hitting $3.10. 3,003 shares of the company’s stock traded hands. Innodata has a 1-year low of $2.21 and a 1-year high of $3.49. The stock’s 50-day moving average is $3.06 and its 200-day moving average is $3.0. The company’s market cap is $78.3 million.
Innodata (NASDAQ:INOD) last released its earnings data on Wednesday, July 30th. The company reported ($0.03) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.02) by $0.01. On average, analysts predict that Innodata will post $-0.01 earnings per share for the current fiscal year.
Innodata Inc, formerly Innodata Isogen, Inc, is a provider of business process, technology and consulting services, as well as products and solutions that help its clients create, manage, use and distribute digital information.
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