Tealwood Asset Management Inc. purchased a new position in Innodata Inc. (NASDAQ:INOD - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,400 shares of the technology company's stock, valued at approximately $225,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of INOD. Yong Rong HK Asset Management Ltd purchased a new position in Innodata in the 1st quarter worth approximately $28,548,000. Wellington Management Group LLP boosted its holdings in Innodata by 177.8% in the 1st quarter. Wellington Management Group LLP now owns 793,041 shares of the technology company's stock worth $28,470,000 after acquiring an additional 507,540 shares during the period. Nuveen LLC purchased a new position in Innodata in the 1st quarter worth approximately $12,310,000. Driehaus Capital Management LLC boosted its holdings in Innodata by 34.3% in the 1st quarter. Driehaus Capital Management LLC now owns 567,866 shares of the technology company's stock worth $20,386,000 after acquiring an additional 144,972 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Innodata by 7.4% in the 1st quarter. Vanguard Group Inc. now owns 1,760,354 shares of the technology company's stock worth $63,197,000 after acquiring an additional 120,630 shares during the period. Hedge funds and other institutional investors own 30.75% of the company's stock.
Innodata Stock Performance
INOD stock opened at $75.94 on Tuesday. The company has a current ratio of 2.87, a quick ratio of 2.87 and a debt-to-equity ratio of 0.09. The firm has a market cap of $2.42 billion, a P/E ratio of 61.24 and a beta of 2.58. Innodata Inc. has a 12-month low of $14.79 and a 12-month high of $77.47. The stock's 50 day simple moving average is $49.90 and its 200 day simple moving average is $44.30.
Innodata (NASDAQ:INOD - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.09. The business had revenue of $58.39 million for the quarter, compared to analyst estimates of $56.35 million. Innodata had a return on equity of 54.27% and a net margin of 18.71%.The firm's quarterly revenue was up 79.7% on a year-over-year basis. As a group, equities research analysts predict that Innodata Inc. will post 0.81 EPS for the current year.
Analysts Set New Price Targets
Separately, BWS Financial restated a "buy" rating and issued a $74.00 price target on shares of Innodata in a report on Monday, June 16th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $63.00.
View Our Latest Report on INOD
About Innodata
(
Free Report)
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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