Wall Street Zen Upgrades Innodata (NASDAQ:INOD) to Hold

Innodata (NASDAQ:INOD) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

A number of other brokerages have also recently issued reports on INOD. Weiss Ratings cut shares of Innodata from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. BWS Financial restated a “top pick” rating and issued a $110.00 price objective on shares of Innodata in a report on Friday, January 30th. Zacks Research downgraded shares of Innodata from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Finally, Wedbush reiterated an “outperform” rating and set a $90.00 target price 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 given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $100.00.

Innodata Price Performance

Shares of INOD stock opened at $43.66 on Friday. The business’s fifty day moving average is $49.84 and its 200 day moving average is $58.95. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.07. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 47.98 and a beta of 2.46. Innodata has a twelve month low of $26.41 and a twelve month high of $93.85.

Innodata (NASDAQ:INOD) last announced its quarterly earnings data on Thursday, February 26th. The technology company reported $0.25 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $69.47 million. During the same quarter last year, the firm posted $0.34 earnings per share. The company’s revenue for the quarter was up 22.3% on a year-over-year basis. Research analysts expect that Innodata will post 0.81 EPS for the current fiscal year.

Hedge Funds Weigh In On Innodata

Several large investors have recently made changes to their positions in INOD. Jump Financial LLC increased its holdings in shares of Innodata by 1,058.5% in the second 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 during the last quarter. HRT Financial LP boosted its stake in Innodata by 746.1% during the second 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 during the last quarter. Next Century Growth Investors LLC grew its holdings in Innodata by 107.5% during the 4th quarter. Next Century Growth Investors LLC now owns 365,835 shares of the technology company’s stock valued at $18,639,000 after buying an additional 189,488 shares in the last quarter. First Trust Advisors LP purchased a new position in Innodata during the 2nd quarter valued at approximately $7,825,000. Finally, RFG Advisory LLC bought a new stake in Innodata in the 4th quarter worth approximately $5,750,000. 30.75% of the stock is currently owned by hedge funds and other institutional investors.

About Innodata

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.