Innodata (NASDAQ:INOD) Given New $58.00 Price Target at Wedbush

Innodata (NASDAQ:INOD) had its price objective lowered by Wedbush from $75.00 to $58.00 in a report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Wedbush’s target price suggests a potential upside of 67.53% from the company’s current price. Wedbush also issued estimates for Innodata’s Q3 2025 earnings at $0.24 EPS, 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.

A number of other equities analysts have also commented on the stock. BWS Financial boosted their price objective on shares of Innodata from $45.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Maxim Group boosted their target price on shares of Innodata from $54.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, February 21st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $55.00.

Innodata Stock Down 15.8 %

INOD stock opened at $34.62 on Friday. Innodata has a 12 month low of $10.66 and a 12 month high of $71.00. The firm has a market capitalization of $1.10 billion, a PE ratio of 40.73 and a beta of 2.75. The company’s 50 day simple moving average is $38.73 and its 200-day simple moving average is $39.73. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.84 and a quick ratio of 1.84.

Innodata (NASDAQ:INOD) last released 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 business had revenue of $58.34 million for the quarter, compared to analysts’ expectations of $57.64 million. Innodata had a net margin of 16.81% and a return on equity of 66.36%. Innodata’s quarterly revenue was up 120.1% compared to the same quarter last year. Equities analysts expect that Innodata will post 0.81 earnings per share for the current fiscal year.

Insider Activity at Innodata

In other news, COO Ashok Mishra sold 48,650 shares of the 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 sale, the chief operating officer now directly owns 60,000 shares of the company’s stock, valued at approximately $3,904,200. This represents a 44.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Marissa B. Espineli sold 30,000 shares of the business’s stock in a transaction dated 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 owns 18,000 shares in the company, valued at $1,171,620. This represents a 62.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 275,427 shares of company stock valued at $17,790,794. Corporate insiders own 15.23% of the company’s stock.

Institutional Trading of Innodata

Several institutional investors have recently bought and sold shares of the stock. Invesco Ltd. boosted its position in Innodata by 2.0% in the 4th quarter. Invesco Ltd. now owns 11,781 shares of the technology company’s stock valued at $466,000 after buying an additional 232 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of Innodata by 2.7% in the 4th quarter. NewEdge Advisors LLC now owns 11,300 shares of the technology company’s stock valued at $447,000 after purchasing an additional 300 shares during the period. AlphaQuest LLC increased its position in shares of Innodata by 79.4% during the fourth quarter. AlphaQuest LLC now owns 1,030 shares of the technology company’s stock worth $41,000 after acquiring an additional 456 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Innodata by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,374 shares of the technology company’s stock worth $608,000 after purchasing an additional 533 shares in the last quarter. Finally, Allworth Financial LP acquired a new stake in Innodata in the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 30.75% of the company’s stock.

Innodata Company Profile

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.