Wall Street Zen Downgrades Innodata (NASDAQ:INOD) to Sell

Innodata (NASDAQ:INOD) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

A number of other research firms have also recently commented on INOD. Wedbush reissued an “outperform” rating and set a $90.00 target price on shares of Innodata in a research report on Friday, January 30th. Zacks Research lowered shares of Innodata from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. BWS Financial reaffirmed a “top pick” rating and set a $110.00 price target on shares of Innodata in a research note on Friday, January 30th. Finally, Weiss Ratings lowered shares of Innodata from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $100.00.

Innodata Stock Performance

Shares of NASDAQ:INOD opened at $45.15 on Friday. The company has a market cap of $1.47 billion, a P/E ratio of 49.62 and a beta of 2.46. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.68 and a current ratio of 2.68. Innodata has a one year low of $26.41 and a one year high of $93.85. The business’s 50-day simple moving average is $52.57 and its 200 day simple moving average is $58.83.

Innodata (NASDAQ:INOD) last released its quarterly earnings results on Thursday, February 26th. The technology company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.21 by $0.04. Innodata had a return on equity of 35.12% and a net margin of 12.79%.The firm had revenue of $72.38 million for the quarter, compared to analyst estimates of $69.47 million. During the same period in the previous year, the company posted $0.34 EPS. Innodata’s revenue for the quarter was up 22.3% on a year-over-year basis. On average, sell-side analysts forecast that Innodata will post 0.81 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. bought a new position in shares of Innodata during the fourth quarter worth about $26,000. Farther Finance Advisors LLC raised its stake in Innodata by 506.0% during the fourth quarter. Farther Finance Advisors LLC now owns 806 shares of the technology company’s stock valued at $41,000 after buying an additional 673 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in Innodata during the third quarter valued at approximately $50,000. IFP Advisors Inc lifted its holdings in Innodata by 1,567.5% during the 3rd quarter. IFP Advisors Inc now owns 667 shares of the technology company’s stock worth $51,000 after buying an additional 627 shares during the last quarter. Finally, Leonteq Securities AG bought a new position in Innodata during the 4th quarter worth approximately $51,000. 30.75% of the stock is owned by institutional investors and hedge funds.

About Innodata

Innodata Inc (NASDAQ: INOD) is a digital services and technology company that specializes in data engineering and artificial intelligence solutions. Founded in 1988 and headquartered in East Brunswick, New Jersey, the company provides structured content and digital transformation services to publishers, media companies, legal and compliance organizations, and other information-intensive industries. Innodata’s platform enables clients to convert unstructured text, images and multimedia into high‐quality, machine‐readable formats that support search, analytics and AI model training.

The firm’s offerings include content enrichment, metadata management, taxonomy development, digital asset management and data annotation services.