BWS Financial Reaffirms “Top Pick” Rating for Innodata (NASDAQ:INOD)

Innodata (NASDAQ:INOD)‘s stock had its “top pick” rating reaffirmed by equities research analysts at BWS Financial in a research note issued on Friday,Benzinga reports. They presently have a $110.00 target price on the technology company’s stock. BWS Financial’s target price indicates a potential upside of 209.16% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Wedbush reissued an “outperform” rating and set a $90.00 price target on shares of Innodata in a research report on Friday, January 30th. Weiss Ratings cut shares of Innodata from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Finally, Wall Street Zen raised shares of Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.00.

Innodata Price Performance

Shares of NASDAQ INOD opened at $35.58 on Friday. The company has a fifty day moving average price of $43.59 and a 200 day moving average price of $57.00. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.07. Innodata has a 1-year low of $29.13 and a 1-year high of $93.85. The firm has a market cap of $1.16 billion, a PE ratio of 39.10 and a beta of 2.50.

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

Institutional Investors Weigh In On Innodata

Institutional investors and hedge funds have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Innodata in the 3rd quarter valued at about $4,876,000. Moody Aldrich Partners LLC acquired a new position in Innodata in the 3rd quarter valued at about $3,718,000. WINTON GROUP Ltd acquired a new position in Innodata in the 3rd quarter valued at about $1,834,000. Penserra Capital Management LLC acquired a new position in Innodata in the 3rd quarter valued at about $3,877,000. Finally, Principal Financial Group Inc. grew its stake in Innodata by 70.0% in the 3rd quarter. Principal Financial Group Inc. now owns 88,516 shares of the technology company’s stock valued at $6,822,000 after buying an additional 36,434 shares during the last quarter. 30.75% of the stock is owned by institutional investors.

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.