111 Capital Takes Position in Innodata Inc. $INOD

Key Points

• 111 Capital acquired a new stake in Innodata Inc. during the second quarter, purchasing 4,427 shares valued at approximately $227,000, as per their latest 13F filing.
• Innodata reported a quarterly earnings per share of $0.20, surpassing the consensus estimate of $0.11, with a year-over-year revenue increase of 79.7%.
• Analysts have given Innodata a "Moderate Buy" rating with a consensus target price of $63.00, indicating positive growth expectations for the stock.

111 Capital purchased a new stake in shares of Innodata Inc. (NASDAQ:INOD - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,427 shares of the technology company's stock, valued at approximately $227,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Creative Financial Designs Inc. ADV bought a new position in Innodata in the 1st quarter worth $29,000. Farther Finance Advisors LLC bought a new position in Innodata in the 2nd quarter worth $36,000. KBC Group NV bought a new position in Innodata in the 1st quarter worth $52,000. Toth Financial Advisory Corp raised its holdings in Innodata by 40.2% in the 2nd quarter. Toth Financial Advisory Corp now owns 1,150 shares of the technology company's stock worth $59,000 after acquiring an additional 330 shares during the period. Finally, Motco bought a new position in Innodata in the 1st quarter worth $72,000. Institutional investors own 30.75% of the company's stock.

Innodata Stock Performance

NASDAQ:INOD opened at $87.46 on Wednesday. The firm's 50-day moving average is $54.29 and its 200-day moving average is $46.00. Innodata Inc. has a 52-week low of $14.79 and a 52-week high of $90.92. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.87 and a current ratio of 2.87. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 70.53 and a beta of 2.96.

Innodata (NASDAQ:INOD - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The technology company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.09. Innodata had a net margin of 18.71% and a return on equity of 54.27%. The company had revenue of $58.39 million for the quarter, compared to the consensus estimate of $56.35 million. The business's revenue was up 79.7% on a year-over-year basis. Equities research analysts anticipate that Innodata Inc. will post 0.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. BWS Financial reiterated a "buy" rating and issued a $74.00 target price on shares of Innodata in a report on Monday, June 16th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Innodata in a report on Saturday, September 27th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $63.00.

Innodata 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.

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