Innodata Inc. (NASDAQ:INOD) Shares Bought by Deutsche Bank AG

Deutsche Bank AG grew its position in Innodata Inc. (NASDAQ:INOD - Free Report) by 47.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,018 shares of the technology company's stock after buying an additional 8,063 shares during the quarter. Deutsche Bank AG owned 0.09% of Innodata worth $989,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Allworth Financial LP purchased a new stake in shares of Innodata during the 4th quarter worth $29,000. Meeder Asset Management Inc. purchased a new stake in Innodata in the fourth quarter valued at about $36,000. AlphaQuest LLC raised its stake in Innodata by 79.4% in the fourth quarter. AlphaQuest LLC now owns 1,030 shares of the technology company's stock valued at $41,000 after buying an additional 456 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Innodata in the fourth quarter valued at about $150,000. Finally, Spire Wealth Management purchased a new stake in Innodata in the fourth quarter valued at about $166,000. 30.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wedbush decreased their price target on Innodata from $75.00 to $58.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. BWS Financial increased their price target on Innodata from $45.00 to $74.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Finally, Maxim Group increased their price target on Innodata from $54.00 to $75.00 and gave the company a "buy" rating in a research note on Friday, February 21st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $55.00.

Innodata Stock Performance

Shares of INOD stock traded down $0.61 during mid-day trading on Wednesday, reaching $39.34. The stock had a trading volume of 1,505,900 shares, compared to its average volume of 1,352,668. The business's fifty day moving average is $36.65 and its 200-day moving average is $40.84. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 46.28 and a beta of 2.75. Innodata Inc. has a 1-year low of $11.87 and a 1-year high of $71.00.

Innodata (NASDAQ:INOD - Get Free Report) last posted its earnings results on Thursday, May 8th. The technology company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.17 by $0.05. The firm had revenue of $58.34 million for the quarter, compared to analyst estimates of $57.64 million. Innodata had a return on equity of 66.36% and a net margin of 16.81%. The firm's revenue for the quarter was up 120.1% on a year-over-year basis. On average, research analysts forecast that Innodata Inc. 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.