Innodata (NASDAQ:INOD) Stock Rating Upgraded by BWS Financial

Innodata (NASDAQ:INOD) was upgraded by investment analysts at BWS Financial from a “buy” rating to a “top pick” rating in a research note issued to investors on Monday, MarketBeat Ratings reports. The firm presently has a $110.00 price target on the technology company’s stock. BWS Financial’s price target would indicate a potential upside of 69.20% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Innodata in a report on Monday, December 29th. Wedbush upped their price target on shares of Innodata from $75.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 15th. Finally, Zacks Research downgraded shares of Innodata from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Innodata presently has an average rating of “Buy” and an average target price of $91.67.

Innodata Price Performance

NASDAQ INOD opened at $65.01 on Monday. The company has a market capitalization of $2.07 billion, a PE ratio of 67.02 and a beta of 2.43. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.69 and a current ratio of 2.69. The business’s fifty day moving average is $57.74 and its 200 day moving average is $57.24. Innodata has a fifty-two week low of $26.41 and a fifty-two week high of $93.85.

Innodata (NASDAQ:INOD) last issued its quarterly earnings results on Thursday, November 6th. The technology company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.10. Innodata had a return on equity of 41.67% and a net margin of 14.11%.The business had revenue of $62.55 million during the quarter, compared to analysts’ expectations of $59.78 million. The company’s revenue was up 19.8% on a year-over-year basis. Sell-side analysts predict that Innodata will post 0.81 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Louise C. Forlenza sold 8,278 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $65.00, for a total transaction of $538,070.00. Following the completion of the transaction, the director owned 3,943 shares in the company, valued at approximately $256,295. This represents a 67.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Ashok Mishra sold 200,000 shares of Innodata stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $61.39, for a total transaction of $12,278,000.00. Following the completion of the sale, the chief operating officer owned 60,000 shares in the company, valued at approximately $3,683,400. This represents a 76.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 236,372 shares of company stock valued at $14,572,507. 15.23% of the stock is owned by company insiders.

Institutional Investors Weigh In On Innodata

Several large investors have recently made changes to their positions in INOD. Jump Financial LLC increased its stake in Innodata by 1,058.5% in the 2nd quarter. Jump Financial LLC now owns 391,200 shares of the technology company’s stock worth $20,037,000 after acquiring an additional 357,433 shares during the last quarter. HRT Financial LP boosted its position in shares of Innodata by 746.1% during the 2nd quarter. HRT Financial LP now owns 218,635 shares of the technology company’s stock valued at $11,198,000 after acquiring an additional 192,794 shares during the last quarter. First Trust Advisors LP bought a new stake in Innodata in the second quarter worth $7,825,000. Soros Capital Management LLC purchased a new stake in Innodata during the third quarter valued at $7,514,000. Finally, AQR Capital Management LLC lifted its position in Innodata by 446.4% during the first quarter. AQR Capital Management LLC now owns 90,968 shares of the technology company’s stock valued at $3,266,000 after purchasing an additional 74,320 shares during the last quarter. 30.75% of the stock is owned by institutional investors.

About Innodata

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.