Innodata (NASDAQ:INOD) Stock Price Expected to Rise, BWS Financial Analyst Says

Innodata (NASDAQ:INOD) had its price target raised by equities researchers at BWS Financial from $74.00 to $110.00 in a research report issued on Friday, Marketbeat Ratings reports. The firm presently has a “buy” rating on the technology company’s stock. BWS Financial’s price objective would indicate a potential upside of 32.08% from the stock’s current price. BWS Financial also issued estimates for Innodata’s Q1 2026 earnings at $0.29 EPS, Q2 2026 earnings at $0.31 EPS, Q3 2026 earnings at $0.37 EPS and Q4 2026 earnings at $0.43 EPS.

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Innodata in a report on Saturday, September 27th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Innodata currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.

Innodata Stock Down 9.2%

INOD opened at $83.28 on Friday. The business’s 50-day simple moving average is $56.69 and its 200-day simple moving average is $46.95. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.87 and a current ratio of 2.87. Innodata has a one year low of $15.33 and a one year high of $93.85. The stock has a market capitalization of $2.65 billion, a P/E ratio of 67.16 and a beta of 2.96.

Innodata (NASDAQ:INOD) last posted its earnings results on Thursday, July 31st. The technology company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.09. Innodata had a return on equity of 54.27% and a net margin of 18.71%.The business had revenue of $58.39 million for the quarter, compared to analysts’ expectations of $56.35 million. The business’s revenue for the quarter was up 79.7% compared to the same quarter last year. Analysts anticipate that Innodata will post 0.81 EPS for the current year.

Hedge Funds Weigh In On Innodata

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Innodata by 7.4% during the first quarter. Vanguard Group Inc. now owns 1,760,354 shares of the technology company’s stock worth $63,197,000 after buying an additional 120,630 shares during the last quarter. Boston Family Office LLC purchased a new stake in Innodata in the 1st quarter valued at approximately $589,000. American Century Companies Inc. boosted its holdings in Innodata by 36.2% in the 1st quarter. American Century Companies Inc. now owns 63,088 shares of the technology company’s stock valued at $2,265,000 after purchasing an additional 16,781 shares in the last quarter. Virtu Financial LLC purchased a new stake in Innodata in the 1st quarter valued at approximately $1,476,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Innodata by 63.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 23,471 shares of the technology company’s stock valued at $843,000 after purchasing an additional 9,142 shares in the last quarter. Hedge funds and other institutional investors own 30.75% of the company’s stock.

About Innodata

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.