Innodata Inc. (NASDAQ:INOD - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $49.23, but opened at $46.98. Innodata shares last traded at $47.87, with a volume of 1,506,668 shares.
Analyst Ratings Changes
Several research analysts recently commented on INOD shares. Wedbush decreased their target price on shares of Innodata from $75.00 to $58.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. BWS Financial reiterated a "buy" rating and issued a $74.00 price objective on shares of Innodata in a report on Monday, June 16th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $55.00.
Check Out Our Latest Stock Report on Innodata
Innodata Trading Down 6.2%
The company has a debt-to-equity ratio of 0.09, a current ratio of 2.36 and a quick ratio of 2.36. The stock's 50 day moving average is $39.12 and its 200-day moving average is $41.05. The company has a market capitalization of $1.47 billion, a P/E ratio of 44.42 and a beta of 2.65.
Innodata (NASDAQ:INOD - Get Free Report) last announced its earnings results on Thursday, May 8th. The technology company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.05. The firm had revenue of $58.34 million during the quarter, compared to analyst estimates of $57.64 million. Innodata had a return on equity of 55.38% and a net margin of 17.53%. The company's quarterly revenue was up 120.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Innodata Inc. will post 0.81 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of 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 purchasing an additional 120,630 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its position in Innodata by 1,718.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 944,611 shares of the technology company's stock worth $37,331,000 after purchasing an additional 892,663 shares during the last quarter. Yong Rong HK Asset Management Ltd purchased a new stake in Innodata during the first quarter valued at approximately $28,548,000. Wellington Management Group LLP increased its holdings in Innodata by 177.8% during the first quarter. Wellington Management Group LLP now owns 793,041 shares of the technology company's stock valued at $28,470,000 after buying an additional 507,540 shares during the last quarter. Finally, Driehaus Capital Management LLC raised its position in Innodata by 34.3% in the first 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. 30.75% of the stock is currently owned by institutional investors.
About Innodata
(
Get 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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