Wedbush Issues Positive Forecast for Innodata Earnings

Innodata Inc. (NASDAQ:INOD - Free Report) - Research analysts at Wedbush upped their Q3 2025 earnings estimates for Innodata in a report issued on Friday, May 9th. Wedbush analyst D. Ives now expects that the technology company will post earnings of $0.24 per share for the quarter, up from their previous forecast of $0.23. Wedbush has a "Outperform" rating and a $58.00 price objective on the stock. The consensus estimate for Innodata's current full-year earnings is $0.81 per share. Wedbush also issued estimates for Innodata's Q4 2025 earnings at $0.27 EPS, Q3 2026 earnings at $0.30 EPS, Q4 2026 earnings at $0.38 EPS and FY2026 earnings at $1.26 EPS.

Innodata (NASDAQ:INOD - Get Free Report) last issued its earnings results on Thursday, May 8th. The technology company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 16.81% and a return on equity of 66.36%. The firm's quarterly revenue was up 120.1% compared to the same quarter last year.

A number of other brokerages also recently commented on INOD. Maxim Group boosted their target price on shares of Innodata from $54.00 to $75.00 and gave the stock a "buy" rating in a report on Friday, February 21st. BWS Financial boosted their target price on shares of Innodata from $45.00 to $74.00 and gave the stock a "buy" rating in a report on Friday, February 21st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Innodata currently has an average rating of "Moderate Buy" and a consensus target price of $55.00.

Innodata Stock Performance

INOD stock opened at $34.62 on Monday. 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 business has a 50-day moving average price of $38.73 and a 200 day moving average price of $39.87. The company has a market capitalization of $1.10 billion, a P/E ratio of 40.73 and a beta of 2.75. Innodata has a 1-year low of $10.66 and a 1-year high of $71.00.

Institutional Investors Weigh In On Innodata

Several large investors have recently modified their holdings of INOD. Vanguard Group Inc. increased its holdings in Innodata by 7.4% during the 1st quarter. Vanguard Group Inc. now owns 1,760,354 shares of the technology company's stock valued at $63,197,000 after acquiring an additional 120,630 shares in the last quarter. D. E. Shaw & Co. Inc. grew its holdings in shares of Innodata by 1,718.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 944,611 shares of the technology company's stock worth $37,331,000 after buying an additional 892,663 shares in the last quarter. Yong Rong HK Asset Management Ltd purchased a new stake in shares of Innodata during the first quarter worth about $28,548,000. Driehaus Capital Management LLC purchased a new stake in shares of Innodata during the fourth quarter worth about $16,713,000. Finally, Palisades Investment Partners LLC grew its holdings in shares of Innodata by 2.9% during the first quarter. Palisades Investment Partners LLC now owns 379,409 shares of the technology company's stock worth $13,621,000 after buying an additional 10,758 shares in the last quarter. Hedge funds and other institutional investors own 30.75% of the company's stock.

Insiders Place Their Bets

In related news, COO Ashok Mishra sold 48,650 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $65.07, for a total value of $3,165,655.50. Following the completion of the transaction, the chief operating officer now directly owns 60,000 shares of the company's stock, valued at $3,904,200. This represents a 44.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Marissa B. Espineli sold 30,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 18,000 shares of the company's stock, valued at $1,171,620. This trade represents a 62.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 275,427 shares of company stock worth $17,790,794 over the last three months. Company insiders own 12.20% 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.