Innodata (NASDAQ:INOD) Shares Gap Up Following Better-Than-Expected Earnings

Innodata Inc. (NASDAQ:INOD)’s share price gapped up before the market opened on Friday following a stronger than expected earnings report. The stock had previously closed at $45.64, but opened at $72.92. Innodata shares last traded at $87.7830, with a volume of 7,273,491 shares traded.

The technology company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.08 by $0.34. The business had revenue of $90.10 million during the quarter, compared to the consensus estimate of $76.47 million. Innodata had a return on equity of 35.12% and a net margin of 12.79%.The firm’s revenue was up 54.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.22 EPS.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on INOD shares. Wedbush restated an “outperform” rating and set a $90.00 target price on shares of Innodata in a research report on Friday, January 30th. Wall Street Zen raised shares of Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of Innodata in a report on Friday, April 10th. Finally, BWS Financial restated a “top pick” rating and set a $110.00 price objective on shares of Innodata in a research report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Innodata has a consensus rating of “Moderate Buy” and a consensus price target of $100.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Innodata during the fourth quarter worth approximately $26,000. Farther Finance Advisors LLC grew its holdings in shares of Innodata by 506.0% during the 4th quarter. Farther Finance Advisors LLC now owns 806 shares of the technology company’s stock valued at $41,000 after purchasing an additional 673 shares during the last quarter. Fifth Third Bancorp purchased a new position in Innodata in the 1st quarter worth $45,000. Global Retirement Partners LLC bought a new stake in Innodata in the third quarter worth $50,000. Finally, IFP Advisors Inc boosted its position in Innodata by 1,567.5% during the third quarter. IFP Advisors Inc now owns 667 shares of the technology company’s stock valued at $51,000 after buying an additional 627 shares during the period. 30.75% of the stock is currently owned by institutional investors.

Innodata Trading Up 91.6%

The firm’s 50-day simple moving average is $42.73 and its 200-day simple moving average is $52.37. The firm has a market capitalization of $2.86 billion, a PE ratio of 96.44 and a beta of 2.40. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.07.

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.