Innodata (NASDAQ:INOD) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Innodata (NASDAQ:INOD - Free Report) to a sell rating in a research note issued to investors on Friday morning.

Several other brokerages also recently commented on INOD. Maxim Group initiated coverage on Innodata in a report on Monday, July 15th. They set a buy rating and a $30.00 target price on the stock. Craig Hallum initiated coverage on Innodata in a research report on Tuesday, September 17th. They issued a buy rating and a $23.00 price objective for the company. Finally, BWS Financial lifted their price objective on Innodata from $24.00 to $30.00 and gave the stock a buy rating in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating and three have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $27.67.

Innodata Trading Down 0.3 %

INOD traded down $0.05 during midday trading on Friday, hitting $15.91. 341,939 shares of the company were exchanged, compared to its average volume of 633,575. The firm has a market capitalization of $457.46 million, a P/E ratio of 263.00 and a beta of 2.32. Innodata has a 1-year low of $5.46 and a 1-year high of $21.58. The firm's 50 day moving average price is $16.75 and its 200-day moving average price is $12.88. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.24.

Institutional Trading of Innodata

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INOD. nVerses Capital LLC bought a new stake in Innodata in the 2nd quarter valued at about $27,000. Elkhorn Partners Limited Partnership bought a new stake in Innodata in the 1st quarter valued at about $94,000. Price T Rowe Associates Inc. MD increased its position in Innodata by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,348 shares of the technology company's stock valued at $102,000 after buying an additional 982 shares in the last quarter. BNP Paribas Financial Markets increased its position in Innodata by 11.2% in the 1st quarter. BNP Paribas Financial Markets now owns 22,208 shares of the technology company's stock valued at $147,000 after buying an additional 2,230 shares in the last quarter. Finally, Platform Technology Partners increased its position in Innodata by 5.2% in the 4th quarter. Platform Technology Partners now owns 28,661 shares of the technology company's stock valued at $233,000 after buying an additional 1,408 shares in the last quarter. 30.75% of the stock is owned by institutional investors.

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.