Innodata (NASDAQ:INOD) Posts Earnings Results, Beats Expectations By $0.20 EPS

Innodata (NASDAQ:INOD) posted its quarterly earnings results on Thursday. The technology company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.20, FiscalAI reports. The firm had revenue of $92.14 million for the quarter, compared to analysts’ expectations of $86.31 million. Innodata had a net margin of 13.86% and a return on equity of 37.49%.

Innodata Stock Performance

NASDAQ:INOD traded down $3.89 during trading hours on Thursday, reaching $65.48. The company had a trading volume of 2,745,675 shares, compared to its average volume of 1,516,754. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 58.99 and a beta of 2.92. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 0.07. The firm’s 50 day moving average price is $80.29 and its 200-day moving average price is $62.71. Innodata has a 52 week low of $34.23 and a 52 week high of $125.14.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on INOD shares. BWS Financial restated a “buy” rating on shares of Innodata in a report on Monday, June 15th. Weiss Ratings cut Innodata from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Zacks Research raised Innodata from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Finally, Wedbush upped their price target on Innodata from $100.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, June 4th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Innodata has a consensus rating of “Buy” and an average price target of $130.00.

Insider Buying and Selling at Innodata

In other news, CEO Jack Abuhoff sold 200,000 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $110.20, for a total value of $22,040,000.00. Following the transaction, the chief executive officer directly owned 1,340,456 shares in the company, valued at $147,718,251.20. This trade represents a 12.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Ashok Mishra sold 242,901 shares of Innodata stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $90.15, for a total value of $21,897,525.15. Following the completion of the sale, the chief operating officer directly owned 95,179 shares of the company’s stock, valued at $8,580,386.85. The trade was a 71.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,472,885 shares of company stock worth $143,998,492 over the last three months. Insiders own 11.80% of the company’s stock.

Hedge Funds Weigh In On Innodata

Institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. bought a new stake in Innodata during the fourth quarter valued at approximately $26,000. US Bancorp DE increased its holdings in Innodata by 15,500.0% during the third quarter. US Bancorp DE now owns 1,092 shares of the technology company’s stock valued at $84,000 after buying an additional 1,085 shares during the last quarter. Kestra Advisory Services LLC bought a new position in Innodata in the fourth quarter worth approximately $109,000. Advisory Services Network LLC bought a new position in Innodata in the third quarter worth approximately $118,000. Finally, Lazard Asset Management LLC raised its position in Innodata by 11,640.9% in the second quarter. Lazard Asset Management LLC now owns 2,583 shares of the technology company’s stock worth $132,000 after acquiring an additional 2,561 shares during the period. Institutional investors own 30.75% of the company’s stock.

Innodata Company Profile

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.