Innodata (NASDAQ:INOD) Stock Rating Upgraded by Wall Street Zen

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

Other equities research analysts also recently issued research reports about the stock. BWS Financial reissued a “top pick” rating and set a $110.00 price target on shares of Innodata in a research report on Friday, January 30th. Zacks Research cut Innodata from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Wedbush reiterated an “outperform” rating and set a $90.00 target price on shares of Innodata in a research note on Friday, January 30th. Finally, Weiss Ratings lowered Innodata from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $100.00.

Innodata Stock Performance

Shares of Innodata stock opened at $43.66 on Friday. Innodata has a 1 year low of $26.41 and a 1 year high of $93.85. The firm’s 50-day moving average is $49.84 and its 200 day moving average is $59.25. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 47.98 and a beta of 2.46. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.68 and a quick ratio of 2.68.

Innodata (NASDAQ:INOD) last released its quarterly earnings data on Thursday, February 26th. The technology company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. The business had revenue of $72.38 million during the quarter, compared to analyst estimates of $69.47 million. Innodata had a net margin of 12.79% and a return on equity of 35.12%. Innodata’s revenue was up 22.3% compared to the same quarter last year. During the same period last year, the business earned $0.34 EPS. Sell-side analysts anticipate that Innodata will post 0.81 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC raised its stake in Innodata by 446.4% during the 1st quarter. AQR Capital Management LLC now owns 90,968 shares of the technology company’s stock valued at $3,266,000 after buying an additional 74,320 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Innodata by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,085 shares of the technology company’s stock worth $577,000 after buying an additional 711 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Innodata by 30.7% in the first quarter. Millennium Management LLC now owns 142,608 shares of the technology company’s stock worth $5,120,000 after acquiring an additional 33,473 shares during the period. PNC Financial Services Group Inc. increased its position in Innodata by 1,168.8% during the second quarter. PNC Financial Services Group Inc. now owns 2,157 shares of the technology company’s stock valued at $110,000 after acquiring an additional 1,987 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Innodata by 11.0% during the second quarter. Geode Capital Management LLC now owns 700,217 shares of the technology company’s stock valued at $35,869,000 after acquiring an additional 69,475 shares during the last quarter. Institutional investors own 30.75% of the company’s stock.

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.