Innodata (NASDAQ:INOD) Price Target Cut to $58.00 by Analysts at Wedbush

Innodata (NASDAQ:INOD) had its price target trimmed by Wedbush from $75.00 to $58.00 in a research report report published on Friday,Benzinga reports. The brokerage currently has an outperform rating on the technology company’s stock. Wedbush also issued estimates for Innodata’s Q3 2025 earnings at $0.24 EPS, Q4 2025 earnings at $0.27 EPS, Q3 2026 earnings at $0.30 EPS, Q4 2026 earnings at $0.38 EPS and FY2026 earnings at $1.26 EPS.

A number of other brokerages have also weighed in on INOD. Maxim Group boosted their price objective on shares of Innodata from $54.00 to $75.00 and gave the company a “buy” rating in a report on Friday, February 21st. BWS Financial increased their price objective on Innodata from $45.00 to $74.00 and gave the company a “buy” rating in a report on Friday, February 21st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Innodata currently has a consensus rating of “Moderate Buy” and an average target price of $55.00.

Innodata Price Performance

Shares of INOD stock opened at $34.62 on Friday. Innodata has a fifty-two week low of $10.66 and a fifty-two week high of $71.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 40.73 and a beta of 2.75. The stock’s 50-day simple moving average is $38.73 and its 200-day simple moving average is $39.87.

Innodata (NASDAQ:INOD) last released its earnings results on Thursday, May 8th. The technology company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.05. Innodata had a net margin of 16.81% and a return on equity of 66.36%. The company had revenue of $58.34 million for the quarter, compared to the consensus estimate of $57.64 million. The company’s quarterly revenue was up 120.1% on a year-over-year basis. As a group, equities analysts forecast that Innodata will post 0.81 earnings per share for the current fiscal year.

Insider Activity at Innodata

In other news, COO Ashok Mishra sold 48,650 shares of Innodata stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $65.07, for a total transaction of $3,165,655.50. Following the completion of the transaction, the chief operating officer now directly owns 60,000 shares of the company’s stock, valued at $3,904,200. The trade was a 44.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Marissa B. Espineli sold 30,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $65.09, for a total transaction of $1,952,700.00. Following the completion of the transaction, the chief financial officer now owns 18,000 shares of the company’s stock, valued at approximately $1,171,620. This represents a 62.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 275,427 shares of company stock worth $17,790,794 over the last three months. Company insiders own 12.20% of the company’s stock.

Institutional Trading of Innodata

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. increased its position in shares of Innodata by 2.0% in the fourth quarter. Invesco Ltd. now owns 11,781 shares of the technology company’s stock valued at $466,000 after buying an additional 232 shares in the last quarter. NewEdge Advisors LLC grew its stake in Innodata by 2.7% in the 4th quarter. NewEdge Advisors LLC now owns 11,300 shares of the technology company’s stock valued at $447,000 after acquiring an additional 300 shares during the period. AlphaQuest LLC increased its holdings in Innodata by 79.4% in the 4th quarter. AlphaQuest LLC now owns 1,030 shares of the technology company’s stock worth $41,000 after acquiring an additional 456 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Innodata by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,374 shares of the technology company’s stock worth $608,000 after acquiring an additional 533 shares during the period. Finally, Allworth Financial LP purchased a new position in Innodata during the fourth quarter valued at $29,000. Institutional investors and hedge funds own 30.75% of the company’s stock.

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.