Innodata Inc. (NASDAQ:INOD) Given Average Recommendation of "Buy" by Brokerages

Shares of Innodata Inc. (NASDAQ:INOD - Get Free Report) have earned an average recommendation of "Buy" from the five analysts that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $53.00.

Several equities research analysts have issued reports on INOD shares. Maxim Group boosted their price objective on shares of Innodata from $54.00 to $75.00 and gave the company a "buy" rating in a research report on Friday, February 21st. BWS Financial increased their price objective on Innodata from $45.00 to $74.00 and gave the stock a "buy" rating in a research note on Friday, February 21st.

Insider Activity at Innodata

In other news, CFO Marissa B. Espineli sold 30,000 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $65.09, for a total value of $1,952,700.00. Following the sale, the chief financial officer now directly owns 18,000 shares in the company, valued at approximately $1,171,620. This trade represents a 62.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Ashok Mishra sold 48,650 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $65.07, for a total transaction of $3,165,655.50. Following the transaction, the chief operating officer now owns 60,000 shares of the company's stock, valued at approximately $3,904,200. This trade represents a 44.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 275,427 shares of company stock valued at $17,790,794 over the last ninety days. 15.23% of the stock is owned by company insiders.

Institutional Trading of Innodata

Institutional investors have recently made changes to their positions in the business. Jennison Associates LLC purchased a new position in shares of Innodata in the 4th quarter valued at approximately $402,000. Principal Financial Group Inc. acquired a new stake in shares of Innodata during the third quarter worth $311,000. Vanguard Group Inc. grew its holdings in shares of Innodata by 7.7% during the fourth quarter. Vanguard Group Inc. now owns 1,639,724 shares of the technology company's stock valued at $64,802,000 after buying an additional 117,000 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Innodata by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 613,748 shares of the technology company's stock valued at $10,294,000 after acquiring an additional 13,609 shares during the period. Finally, Silverleafe Capital Partners LLC purchased a new position in Innodata in the 4th quarter worth $913,000. Institutional investors and hedge funds own 30.75% of the company's stock.

Innodata Trading Down 10.2 %

Shares of NASDAQ:INOD traded down $3.36 during trading hours on Thursday, hitting $29.68. 1,634,190 shares of the company's stock traded hands, compared to its average volume of 1,293,091. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.84 and a quick ratio of 1.84. The business has a fifty day moving average price of $43.91 and a 200-day moving average price of $37.92. Innodata has a 1 year low of $5.46 and a 1 year high of $71.00. The firm has a market capitalization of $928.98 million, a P/E ratio of 34.92 and a beta of 2.66.

Innodata (NASDAQ:INOD - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The technology company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.11 by $0.20. Innodata had a return on equity of 66.36% and a net margin of 16.81%. The company had revenue of $59.18 million for the quarter, compared to the consensus estimate of $53.01 million. Equities analysts expect that Innodata will post 0.81 earnings per share for the current year.

Innodata Company Profile

Innodata Inc operates as a global data engineering company in the United States, the United Kingdom, the Netherlands, Canada, and internationally. The company operates through three segments: Digital Data Solutions (DDS), Synodex, and Agility. The DDS segment engages in the provision of artificial intelligence (AI) data preparation services; collecting or creating training data; annotating training data; and training AI algorithms for its customers, as well as AI model deployment and integration services.