Innodata Inc. (NASDAQ:INOD – Get Free Report) has been given a consensus rating of “Buy” by the five research firms that are currently covering the firm, Marketbeat reports. Five analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $53.00.
INOD has been the topic of a number of research reports. Maxim Group increased their target price on shares of Innodata from $54.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, February 21st. BWS Financial increased their price objective on shares of Innodata from $45.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, February 21st.
Read Our Latest Stock Analysis on Innodata
Insiders Place Their Bets
Institutional Investors Weigh In On Innodata
Several hedge funds and other institutional investors have recently added to or reduced their stakes in INOD. Charles Schwab Investment Management Inc. increased its position in shares of Innodata by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 76,954 shares of the technology company’s stock valued at $1,291,000 after purchasing an additional 1,843 shares during the period. State Street Corp raised its position in Innodata by 1.8% in the third quarter. State Street Corp now owns 537,301 shares of the technology company’s stock worth $9,011,000 after acquiring an additional 9,408 shares in the last quarter. Barclays PLC lifted its holdings in Innodata by 324.3% in the 3rd quarter. Barclays PLC now owns 38,557 shares of the technology company’s stock valued at $647,000 after acquiring an additional 29,470 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Innodata by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 613,748 shares of the technology company’s stock valued at $10,294,000 after purchasing an additional 13,609 shares in the last quarter. Finally, Principal Financial Group Inc. acquired a new position in shares of Innodata in the 3rd quarter worth approximately $311,000. Institutional investors own 30.75% of the company’s stock.
Innodata Price Performance
INOD stock opened at $33.10 on Thursday. The firm has a market cap of $1.04 billion, a P/E ratio of 38.94 and a beta of 2.66. The stock’s 50 day moving average price is $44.19 and its 200 day moving average price is $37.67. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.84 and a current ratio of 1.84. Innodata has a 1 year low of $5.46 and a 1 year high of $71.00.
Innodata (NASDAQ:INOD – Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.20. The firm had revenue of $59.18 million for the quarter, compared to analysts’ expectations of $53.01 million. Innodata had a return on equity of 66.36% and a net margin of 16.81%. On average, sell-side analysts expect that Innodata will post 0.81 earnings per share for the current fiscal year.
Innodata Company Profile
Innodata Inc operates as a global data engineering company in the United States, the United Kingdom, the Netherlands, Canada, and internationally. The company operates through three segments: Digital Data Solutions (DDS), Synodex, and Agility. The DDS segment engages in the provision of artificial intelligence (AI) data preparation services; collecting or creating training data; annotating training data; and training AI algorithms for its customers, as well as AI model deployment and integration services.
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