Innodata (NASDAQ:INOD) Stock Price Expected to Rise, Wedbush Analyst Says

Innodata (NASDAQ:INOD) had its price objective boosted by analysts at Wedbush from $80.00 to $100.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Wedbush’s target price would suggest a potential upside of 4.06% from the company’s previous close.

INOD has been the subject of a number of other reports. Wall Street Zen raised shares of Innodata from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Innodata in a report on Friday, April 10th. Finally, BWS Financial reaffirmed a “top pick” rating and set a $110.00 price objective on shares of Innodata in a report on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Innodata has an average rating of “Moderate Buy” and a consensus price target of $105.00.

Innodata Stock Up 6.6%

INOD stock opened at $96.10 on Thursday. Innodata has a twelve month low of $33.77 and a twelve month high of $114.77. The company has a market cap of $3.14 billion, a PE ratio of 86.58 and a beta of 2.40. The business’s 50-day simple moving average is $48.45 and its 200 day simple moving average is $53.27. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.07.

Innodata (NASDAQ:INOD) last released its quarterly earnings data on Thursday, May 7th. The technology company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.34. The company had revenue of $90.10 million during the quarter, compared to the consensus estimate of $76.47 million. Innodata had a net margin of 13.86% and a return on equity of 37.49%. The firm’s revenue for the quarter was up 54.5% compared to the same quarter last year. During the same period last year, the firm earned $0.22 EPS. On average, research analysts anticipate that Innodata will post 0.99 earnings per share for the current year.

Insider Buying and Selling at Innodata

In related news, COO Ashok Mishra sold 242,901 shares of Innodata stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $90.15, for a total transaction of $21,897,525.15. Following the completion of the transaction, the chief operating officer directly owned 95,179 shares of the company’s stock, valued at $8,580,386.85. This trade represents a 71.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Louise C. Forlenza sold 30,000 shares of Innodata stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $88.86, for a total transaction of $2,665,800.00. Following the transaction, the director directly owned 3,943 shares of the company’s stock, valued at $350,374.98. This represents a 88.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 526,051 shares of company stock valued at $48,272,557 over the last quarter. 11.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Innodata

Institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. bought a new position in Innodata during the 4th quarter valued at about $26,000. Farther Finance Advisors LLC lifted its holdings in 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 bought a new position in Innodata during the 1st quarter valued at about $45,000. Global Retirement Partners LLC bought a new position in Innodata during the 3rd quarter valued at about $50,000. Finally, IFP Advisors Inc lifted its holdings in Innodata by 1,567.5% during the 3rd quarter. IFP Advisors Inc now owns 667 shares of the technology company’s stock valued at $51,000 after purchasing an additional 627 shares during the last quarter. 30.75% of the stock is owned by institutional investors.

Trending Headlines about Innodata

Here are the key news stories impacting Innodata this week:

• Positive Sentiment: Wedbush raised its price target on Innodata to $100 from $80 and reiterated an Outperform rating, reinforcing the bullish view after the company’s strong earnings beat. Article Title
• Positive Sentiment: Recent coverage continues to highlight Innodata’s first-quarter revenue growth of 54% and better-than-expected profit, supporting the stock’s momentum after earnings. Article Title
• Positive Sentiment: Some commentary says the company’s strong earnings may even be conservative, which keeps the growth narrative alive for AI/data-services investors. Article Title
• Negative Sentiment: CEO Jack Abuhoff sold large blocks of stock in multiple transactions, including a recent sale worth about $22.8 million, which may raise concerns that insiders are locking in gains after the sharp rally. Article Title
• Negative Sentiment: Other insider sales, including moves by Director Stewart Massey, Director Louise C. Forlenza, and COO Ashok Mishra, add to the perception that management may be taking profits after the stock’s big post-earnings run. Article Title
• Neutral Sentiment: The stock is also being discussed as a momentum/AI beneficiary, but with a rich valuation, some investors are weighing whether gains can continue without another strong catalyst. Article Title

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.