Innodata Inc. $INOD Shares Sold by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments trimmed its holdings by 39.3% in Q4, selling 24,892 Innodata shares and ending the period with 38,370 shares worth about $1.955 million (≈0.12% of the company).
• Innodata topped Q4 estimates with EPS of $0.25 versus $0.21 and revenue of $72.38M versus $69.47M, with revenue up 22.3% year-over-year, a 12.79% net margin and a 35.12% return on equity.
• Shares opened down 8.1% at $43.48 (market cap ~$1.42B); analysts have a consensus "Moderate Buy" rating with an average price target of $100 (individual targets range from $90 to $110).

Mirae Asset Global Investments Co. Ltd. trimmed its holdings in shares of Innodata Inc. (NASDAQ:INOD - Free Report) by 39.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,370 shares of the technology company's stock after selling 24,892 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.12% of Innodata worth $1,955,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in Innodata by 506.0% during the fourth quarter. Farther Finance Advisors LLC now owns 806 shares of the technology company's stock valued at $41,000 after buying an additional 673 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Innodata during the third quarter valued at approximately $50,000. IFP Advisors Inc raised its stake in shares of Innodata by 1,567.5% during the third quarter. IFP Advisors Inc now owns 667 shares of the technology company's stock valued at $51,000 after purchasing an additional 627 shares during the period. Goodman Advisory Group LLC purchased a new stake in shares of Innodata during the third quarter valued at approximately $52,000. Finally, FNY Investment Advisers LLC raised its stake in shares of Innodata by 2,675.0% during the fourth quarter. FNY Investment Advisers LLC now owns 1,030 shares of the technology company's stock valued at $52,000 after purchasing an additional 1,070 shares during the period. 30.75% of the stock is owned by institutional investors and hedge funds.

Innodata Trading Down 8.1%

INOD opened at $43.48 on Friday. The firm has a market capitalization of $1.42 billion, a P/E ratio of 47.78 and a beta of 2.50. The firm's 50 day moving average is $42.90 and its 200-day moving average is $55.10. Innodata Inc. has a 52-week low of $31.90 and a 52-week high of $93.85. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.07.

Innodata (NASDAQ:INOD - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The technology company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.04. The business had revenue of $72.38 million during the quarter, compared to analyst estimates of $69.47 million. Innodata had a net margin of 12.79% and a return on equity of 35.12%. The business's revenue was up 22.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 earnings per share. Analysts expect that Innodata Inc. will post 1.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on INOD. Wedbush reiterated an "outperform" rating and set a $90.00 price objective on shares of Innodata in a research note on Friday, January 30th. BWS Financial reiterated a "top pick" rating and set a $110.00 price objective on shares of Innodata in a research note on Friday, April 10th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Innodata in a research note on Friday, April 10th. Finally, Wall Street Zen upgraded shares of Innodata from a "sell" rating to a "hold" rating in a research note on Saturday, March 21st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Innodata has a consensus rating of "Moderate Buy" and an average price target of $100.00.

About Innodata

Innodata Inc NASDAQ: INOD is a digital services and technology company that specializes in data engineering and artificial intelligence solutions. Founded in 1988 and headquartered in East Brunswick, New Jersey, the company provides structured content and digital transformation services to publishers, media companies, legal and compliance organizations, and other information-intensive industries. Innodata's platform enables clients to convert unstructured text, images and multimedia into high‐quality, machine‐readable formats that support search, analytics and AI model training.

The firm's offerings include content enrichment, metadata management, taxonomy development, digital asset management and data annotation services.

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