Wedbush Reiterates Outperform Rating for Innodata (NASDAQ:INOD)

Innodata (NASDAQ:INOD)‘s stock had its “outperform” rating reissued by investment analysts at Wedbush in a research note issued on Friday,Benzinga reports. They presently have a $90.00 price target on the technology company’s stock. Wedbush’s price target points to a potential upside of 62.34% from the stock’s previous close.

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

Innodata Stock Down 13.2%

Shares of NASDAQ:INOD opened at $55.44 on Friday. Innodata has a one year low of $26.41 and a one year high of $93.85. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 57.16 and a beta of 2.43. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.69 and a quick ratio of 2.69. The company has a 50 day moving average of $56.93 and a 200-day moving average of $58.60.

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

Insider Transactions at Innodata

In related news, Director Louise C. Forlenza sold 8,278 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $65.00, for a total value of $538,070.00. Following the transaction, the director directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Ashok Mishra sold 200,000 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $61.39, for a total transaction of $12,278,000.00. Following the transaction, the chief operating officer owned 60,000 shares in the company, 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. In the last three months, insiders sold 236,372 shares of company stock valued at $14,572,507. 12.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Innodata

A number of institutional investors have recently modified their holdings of INOD. Arizona State Retirement System increased its holdings in shares of Innodata by 2.4% during the third quarter. Arizona State Retirement System now owns 9,386 shares of the technology company’s stock worth $723,000 after buying an additional 217 shares in the last quarter. New York State Teachers Retirement System raised its holdings in shares of Innodata by 11.2% during the third quarter. New York State Teachers Retirement System now owns 2,747 shares of the technology company’s stock valued at $212,000 after purchasing an additional 277 shares during the period. Prosperity Wealth Management Inc. raised its position in shares of Innodata by 4.0% during the third quarter. Prosperity Wealth Management Inc. now owns 10,500 shares of the technology company’s stock worth $809,000 after purchasing an additional 400 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Innodata by 5.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,703 shares of the technology company’s stock worth $392,000 after acquiring an additional 418 shares during the last quarter. Finally, Ameritas Investment Partners Inc. raised its position in Innodata by 17.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,095 shares of the technology company’s stock valued at $159,000 after buying an additional 462 shares during the last quarter. Institutional investors and hedge funds own 30.75% of the company’s stock.

Key Stories Impacting Innodata

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.