Innodata (INOD) to Release Earnings on Thursday

Innodata (NASDAQ:INOD - Get Free Report) will likely be announcing its earnings results after the market closes on Thursday, February 20th. Analysts expect the company to announce earnings of $0.11 per share and revenue of $53.01 million for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Innodata Stock Up 3.0 %

Shares of INOD stock traded up $1.55 during trading on Friday, reaching $53.84. The company's stock had a trading volume of 3,043,205 shares, compared to its average volume of 1,062,871. 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 company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 91.26 and a beta of 2.57. The stock's 50-day moving average price is $39.63 and its 200 day moving average price is $28.89. Innodata has a 1-year low of $5.46 and a 1-year high of $55.81.

Analyst Upgrades and Downgrades

Several research firms have commented on INOD. StockNews.com upgraded shares of Innodata from a "sell" rating to a "hold" rating in a report on Saturday, November 16th. BWS Financial upped their price target on shares of Innodata from $30.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Chardan Capital reiterated a "buy" rating and issued a $45.00 price target on shares of Innodata in a research report on Friday, December 13th. Finally, Wedbush assumed coverage on shares of Innodata in a research report on Thursday, December 19th. They issued an "outperform" rating and a $48.00 price target for the company. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.20.

Insiders Place Their Bets

In other Innodata news, CFO Marissa B. Espineli sold 38,333 shares of the company's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $47.17, for a total transaction of $1,808,167.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jack Abuhoff sold 225,000 shares of the company's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $46.38, for a total transaction of $10,435,500.00. Following the transaction, the chief executive officer now owns 1,188,358 shares of the company's stock, valued at approximately $55,116,044.04. The trade was a 15.92 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 985,083 shares of company stock worth $44,861,870. 15.23% of the stock is owned by insiders.

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.