Innodata (INOD) Projected to Post Quarterly Earnings on Thursday

Innodata (NASDAQ:INOD - Get Free Report) will likely be announcing its Q1 2025 earnings results after the market closes on Thursday, May 8th. Analysts expect the company to announce earnings of $0.20 per share and revenue of $57.64 million for the quarter. Innodata has set its FY 2025 guidance at EPS.

Innodata (NASDAQ:INOD - Get Free Report) last issued its earnings results on Thursday, February 20th. The technology company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.20. The company had revenue of $59.18 million during the quarter, compared to analysts' expectations of $53.01 million. Innodata had a return on equity of 66.36% and a net margin of 16.81%.

Innodata Trading Up 1.6 %

Innodata stock traded up $0.62 during trading hours on Friday, reaching $39.87. The company had a trading volume of 1,489,765 shares, compared to its average volume of 1,319,147. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 46.91 and a beta of 2.66. Innodata has a 12-month low of $6.60 and a 12-month high of $71.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.84 and a quick ratio of 1.84. The company has a 50-day moving average price of $40.36 and a 200 day moving average price of $38.92.

Analysts Set New Price Targets

Several equities research analysts have weighed in on INOD shares. Maxim Group increased their price target on shares of Innodata from $54.00 to $75.00 and gave the company a "buy" rating in a research report on Friday, February 21st. BWS Financial upped their price target on Innodata from $45.00 to $74.00 and gave the company a "buy" rating in a research report on Friday, February 21st. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $53.00.

Insider Transactions at Innodata

In other Innodata news, Director Nauman Sabeeh Toor sold 196,777 shares of Innodata stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $64.40, for a total value of $12,672,438.80. Following the completion of the sale, the director now owns 12,417 shares of the company's stock, valued at approximately $799,654.80. This trade represents a 94.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Marissa B. Espineli sold 30,000 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $65.09, for a total value of $1,952,700.00. Following the transaction, the chief financial officer now directly owns 18,000 shares in the company, valued at approximately $1,171,620. The trade was a 62.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 275,427 shares of company stock valued at $17,790,794. Company insiders own 15.23% of the company's stock.

About Innodata

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.