SG Americas Securities LLC Has $490,000 Stake in Innodata Inc. (NASDAQ:INOD)

SG Americas Securities LLC lowered its stake in shares of Innodata Inc. (NASDAQ:INOD - Free Report) by 30.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,640 shares of the technology company's stock after selling 5,966 shares during the period. SG Americas Securities LLC's holdings in Innodata were worth $490,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in INOD. Allworth Financial LP acquired a new position in shares of Innodata in the fourth quarter valued at approximately $29,000. Meeder Asset Management Inc. acquired a new position in Innodata during the fourth quarter worth about $36,000. AlphaQuest LLC grew its holdings in shares of Innodata by 79.4% in the 4th quarter. AlphaQuest LLC now owns 1,030 shares of the technology company's stock worth $41,000 after acquiring an additional 456 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Innodata in the fourth quarter valued at $150,000. Finally, Fullcircle Wealth LLC purchased a new position in Innodata during the 4th quarter valued at about $194,000. Hedge funds and other institutional investors own 30.75% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on INOD. BWS Financial restated a "buy" rating and issued a $74.00 target price on shares of Innodata in a report on Monday, June 16th. Wedbush cut their price objective on Innodata from $75.00 to $58.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $55.00.

Innodata Trading Down 6.1%

Shares of NASDAQ INOD traded down $3.16 during mid-day trading on Friday, hitting $48.80. 3,707,894 shares of the company traded hands, compared to its average volume of 1,555,691. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 46.92 and a beta of 2.65. Innodata Inc. has a 1 year low of $13.02 and a 1 year high of $71.00. The business has a 50 day moving average of $40.20 and a two-hundred day moving average of $41.20.

Innodata (NASDAQ:INOD - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The technology company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.05. Innodata had a net margin of 17.53% and a return on equity of 55.38%. The firm had revenue of $58.34 million for the quarter, compared to the consensus estimate of $57.64 million. Innodata's revenue was up 120.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Innodata Inc. will post 0.81 earnings per share for the current fiscal 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.