Innodata’s (INOD) “Outperform” Rating Reiterated at Wedbush

Wedbush reiterated their outperform rating on shares of Innodata (NASDAQ:INOD) in a research note published on Friday morning,Benzinga reports. The firm currently has a $90.00 target price on the technology company’s stock.

A number of other brokerages have also recently issued reports on INOD. Zacks Research cut shares of Innodata from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Weiss Ratings downgraded Innodata from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Finally, BWS Financial upgraded Innodata from a “buy” rating to a “top pick” rating and set a $110.00 target price for the company in a report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.67.

Innodata Price Performance

Shares of NASDAQ:INOD opened at $55.44 on Friday. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 57.16 and a beta of 2.42. Innodata has a 1 year low of $26.41 and a 1 year high of $93.85. The company has a current ratio of 2.69, a quick ratio of 2.69 and a debt-to-equity ratio of 0.08. The business has a fifty day simple moving average of $56.93 and a 200 day simple moving average of $58.66.

Innodata (NASDAQ:INOD) last issued its earnings results on Thursday, November 6th. The technology company reported $0.24 EPS for the quarter, beating 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 firm had revenue of $62.55 million for the quarter, compared to the consensus estimate of $59.78 million. The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. As a group, sell-side analysts predict that Innodata will post 0.81 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Louise C. Forlenza sold 8,278 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $65.00, for a total transaction of $538,070.00. Following the transaction, the director owned 3,943 shares in the company, valued at approximately $256,295. The trade was a 67.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Ashok Mishra sold 200,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $3,683,400. The trade was a 76.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 236,372 shares of company stock valued at $14,572,507. Corporate insiders own 15.23% of the company’s stock.

Hedge Funds Weigh In On Innodata

Large investors have recently added to or reduced their stakes in the company. Jump Financial LLC grew its holdings in shares of Innodata by 1,058.5% during the 2nd quarter. Jump Financial LLC now owns 391,200 shares of the technology company’s stock worth $20,037,000 after purchasing an additional 357,433 shares in the last quarter. HRT Financial LP raised its stake in shares of Innodata by 746.1% in the 2nd quarter. HRT Financial LP now owns 218,635 shares of the technology company’s stock valued at $11,198,000 after buying an additional 192,794 shares in the last quarter. First Trust Advisors LP acquired a new position in shares of Innodata in the 2nd quarter valued at $7,825,000. Soros Capital Management LLC bought a new position in shares of Innodata during the 3rd quarter worth about $7,514,000. Finally, UBS Group AG boosted its position in shares of Innodata by 37.1% during the 4th quarter. UBS Group AG now owns 350,928 shares of the technology company’s stock valued at $17,880,000 after acquiring an additional 95,002 shares in the last quarter. Institutional investors and hedge funds own 30.75% of the company’s stock.

Key Innodata News

Here are the key news stories impacting Innodata this week:

• Positive Sentiment: BWS Financial reaffirmed its “top pick” rating and set a $110 price target (~98% upside vs. current levels), signaling strong analyst conviction that could support medium‑term upside. BWS Financial Reaffirmation
• Positive Sentiment: Wedbush reaffirmed an “outperform” rating with a $90 price target (~62% upside), another analyst vote of confidence that underpins bullish thesis on revenue and margins. Wedbush Rating
• Positive Sentiment: Innodata announced a commercial partnership with Palantir to provide data engineering and training data (rodeo video annotation) — a clear revenue‑relevant win that drove the stock higher earlier this week. This strengthens Innodata’s position in high‑value AI data services. Zacks: Palantir Partnership
• Positive Sentiment: The company won a task‑eligible position on the U.S. Missile Defense Agency’s SHIELD IDIQ, expanding its addressable government opportunity and providing future contract bidding runway. InsiderMonkey: SHIELD Contract
• Neutral Sentiment: Recent heavy volume and a sharp intraday surge (shares jumped ~14% in the prior session) suggest momentum trading; analysts note that earnings‑estimate revisions may not sustain the rally. That makes short‑term direction uncertain. Zacks: Stock Jump Analysis
• Neutral Sentiment: Benzinga coverage of options market activity highlights elevated derivatives interest — this can amplify moves in either direction and increase intraday volatility. Benzinga: Options Market Dynamics
• Negative Sentiment: Broader weakness/valuation pressure in Palantir ahead of its earnings and a rotation away from richly valued AI names are creating a risk‑off backdrop for vendors tied to those platforms; investors appear to be taking profits after the recent run. MarketBeat: Palantir Reality Check

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.