Innodata (NASDAQ:INOD) Cut to “Sell” at Wall Street Zen

Innodata (NASDAQ:INOD) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

INOD has been the subject of several other research reports. Weiss Ratings lowered shares of Innodata from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Zacks Research lowered shares of Innodata from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. BWS Financial reaffirmed a “top pick” rating and set a $110.00 price target on shares of Innodata in a research report on Friday, January 30th. Finally, Wedbush reiterated an “outperform” rating and issued a $90.00 price target on shares of Innodata in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $100.00.

Innodata Stock Performance

NASDAQ INOD opened at $45.15 on Friday. The firm has a market capitalization of $1.47 billion, a P/E ratio of 49.62 and a beta of 2.46. Innodata has a 1-year low of $26.41 and a 1-year high of $93.85. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.68 and a quick ratio of 2.69. The business’s 50-day simple moving average is $52.57 and its 200-day simple moving average is $58.54.

Innodata (NASDAQ:INOD) last issued its earnings results on Thursday, February 26th. The technology company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. Innodata had a return on equity of 35.12% and a net margin of 12.79%.The business had revenue of $72.38 million during the quarter, compared to analysts’ expectations of $69.47 million. During the same quarter in the previous year, the business earned $0.34 EPS. The company’s revenue for the quarter was up 22.3% on a year-over-year basis. Equities analysts predict that Innodata will post 0.81 EPS for the current year.

Institutional Trading of Innodata

A number of institutional investors and hedge funds have recently modified their holdings of INOD. Mirae Asset Global Investments Co. Ltd. acquired a new position in Innodata in the third quarter valued at approximately $4,876,000. Moody Aldrich Partners LLC acquired a new stake in shares of Innodata during the 3rd quarter worth approximately $3,718,000. Rathbones Group PLC lifted its holdings in shares of Innodata by 6.8% in the 2nd quarter. Rathbones Group PLC now owns 136,401 shares of the technology company’s stock worth $6,986,000 after purchasing an additional 8,691 shares during the last quarter. Penserra Capital Management LLC bought a new stake in shares of Innodata in the 3rd quarter worth approximately $3,877,000. Finally, Teacher Retirement System of Texas acquired a new position in Innodata during the 2nd quarter valued at approximately $243,000. 30.75% of the stock is owned by institutional investors and hedge funds.

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.