Shares of Innodata Inc. (NASDAQ:INOD - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $47.25, but opened at $44.44. Innodata shares last traded at $42.62, with a volume of 326,262 shares traded.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the company. Chardan Capital reiterated a "buy" rating and set a $45.00 target price on shares of Innodata in a research report on Friday, December 13th. BWS Financial boosted their price objective on shares of Innodata from $45.00 to $74.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Wedbush started coverage on shares of Innodata in a research note on Thursday, December 19th. They set an "outperform" rating and a $48.00 price target for the company. Maxim Group increased their price objective on Innodata from $54.00 to $75.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Finally, StockNews.com raised Innodata from a "sell" rating to a "hold" rating in a research report on Saturday, November 16th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $53.00.
Check Out Our Latest Analysis on Innodata
Innodata Stock Down 8.6 %
The business's 50 day moving average is $44.23 and its 200 day moving average is $33.28. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.15. The company has a market cap of $1.33 billion, a P/E ratio of 50.81 and a beta of 2.59.
Innodata (NASDAQ:INOD - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The technology company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.11 by $0.20. The firm had revenue of $59.18 million during the quarter, compared to analyst estimates of $53.01 million. Innodata had a return on equity of 66.36% and a net margin of 16.81%. As a group, equities analysts anticipate that Innodata Inc. will post 0.81 earnings per share for the current fiscal year.
Insider Transactions at Innodata
In other Innodata news, Director Nauman Sabeeh Toor sold 196,777 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $64.40, for a total value of $12,672,438.80. Following the completion of the sale, the director now owns 12,417 shares of the company's stock, valued at approximately $799,654.80. This trade represents a 94.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Marissa B. Espineli sold 30,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was 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 owns 18,000 shares in the company, valued at $1,171,620. The trade was a 62.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 385,634 shares of company stock valued at $22,639,902 in the last 90 days. Insiders own 15.23% of the company's stock.
Institutional Trading of Innodata
Large investors have recently bought and sold shares of the stock. Palisades Investment Partners LLC raised its holdings in shares of Innodata by 6.1% in the fourth quarter. Palisades Investment Partners LLC now owns 368,651 shares of the technology company's stock worth $14,569,000 after buying an additional 21,093 shares during the last quarter. Two Sigma Investments LP purchased a new position in Innodata in the 4th quarter worth $5,282,000. State of Wyoming acquired a new stake in Innodata during the 4th quarter worth about $250,000. ProShare Advisors LLC purchased a new stake in Innodata during the 4th quarter valued at about $301,000. Finally, Nuveen Asset Management LLC grew its stake in Innodata by 20.6% during the 4th quarter. Nuveen Asset Management LLC now owns 312,639 shares of the technology company's stock valued at $12,355,000 after purchasing an additional 53,376 shares during the last quarter. Hedge funds and other institutional investors own 30.75% of the company's stock.
About Innodata
(
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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.
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