Maxim Group Forecasts Innodata’s Q3 Earnings (NASDAQ:INOD)

Innodata Inc. (NASDAQ:INOD) – Equities research analysts at Maxim Group raised their Q3 2026 earnings estimates for Innodata in a research report issued on Friday, August 7th. Maxim Group analyst A. Klee now forecasts that the technology company will post earnings of $0.24 per share for the quarter, up from their prior estimate of $0.19. The consensus estimate for Innodata’s current full-year earnings is $1.08 per share. Maxim Group also issued estimates for Innodata’s Q4 2026 earnings at $0.24 EPS, FY2026 earnings at $1.32 EPS, Q1 2027 earnings at $0.31 EPS, Q2 2027 earnings at $0.34 EPS, Q3 2027 earnings at $0.36 EPS, Q4 2027 earnings at $0.39 EPS and FY2027 earnings at $1.41 EPS.

INOD has been the topic of several other research reports. BWS Financial reaffirmed a “top pick” rating and set a $140.00 price target on shares of Innodata in a research report on Friday. Wedbush boosted their price objective on Innodata from $100.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, June 4th. Zacks Research upgraded Innodata from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Finally, Weiss Ratings downgraded Innodata from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Innodata presently has a consensus rating of “Buy” and a consensus target price of $130.00.

Innodata Price Performance

INOD opened at $62.22 on Tuesday. The company has a 50-day moving average of $77.70 and a 200-day moving average of $62.75. The company has a market capitalization of $2.14 billion, a P/E ratio of 47.14 and a beta of 2.92. Innodata has a 1-year low of $34.23 and a 1-year high of $125.14. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.49 and a current ratio of 2.49.

Innodata (NASDAQ:INOD) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.20. Innodata had a net margin of 14.66% and a return on equity of 41.94%. The firm had revenue of $92.14 million for the quarter, compared to analysts’ expectations of $86.31 million. During the same period in the prior year, the company posted $0.20 earnings per share. The firm’s quarterly revenue was up 57.8% on a year-over-year basis.

Institutional Trading of Innodata

Hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. acquired a new position in Innodata during the 4th quarter valued at about $26,000. Farther Finance Advisors LLC raised its holdings in shares of 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 during the last quarter. Fifth Third Bancorp bought a new stake in shares of Innodata during the first quarter valued at approximately $45,000. Leonteq Securities AG bought a new stake in shares of Innodata during the fourth quarter valued at approximately $51,000. Finally, IFP Advisors Inc boosted its position in shares of Innodata by 74.8% during the fourth quarter. IFP Advisors Inc now owns 1,166 shares of the technology company’s stock worth $59,000 after buying an additional 499 shares during the period. 30.75% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, COO Ashok Mishra sold 38,666 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $114.34, for a total transaction of $4,421,070.44. Following the completion of the transaction, the chief operating officer owned 83,179 shares in the company, valued at $9,510,686.86. The trade was a 31.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Marissa B. Espineli sold 19,667 shares of the company’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $105.88, for a total value of $2,082,341.96. Following the transaction, the chief financial officer owned 28,014 shares of the company’s stock, valued at approximately $2,966,122.32. The trade was a 41.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,128,285 shares of company stock valued at $112,580,743 over the last quarter. Company insiders own 11.80% of the company’s stock.

Trending Headlines about Innodata

Here are the key news stories impacting Innodata this week:

• Positive Sentiment: Maxim Group sharply raised its earnings outlook. The firm lifted its FY2026 EPS forecast to $1.32 from $1.02, well above the current consensus estimate of $1.08, and raised its FY2027 forecast to $1.41 from $1.32. Maxim also increased estimates for each reported quarter from Q3 2026 through Q4 2027, reflecting stronger expected earnings momentum.
• Positive Sentiment: AI-driven growth is strengthening the long-term investment case. A Zacks analysis highlighted Innodata’s record second-quarter performance, growing customer diversification and new AI-related solutions, arguing that the company could become a leading AI solutions provider. Innodata Set to Become a Future AI Solutions Leader: Buy Now and Hold
• Positive Sentiment: BWS Financial reiterated its “Top Pick” rating on INOD, providing additional analyst support following the company’s strong operating performance. Innodata’s “Top Pick” Rating Reiterated at BWS Financial
• Positive Sentiment: Coverage also points to a potentially stronger bull case based on Innodata’s record Q2 results, AI cybersecurity offerings and leadership transition. Does Innodata’s Record Q2, AI Cyber Suite, and CEO Transition Redefine the Bull Case For INOD?
• Neutral Sentiment: Despite the improved outlook, INOD trades at roughly 47 times earnings and has a beta of 2.92. Its shares remain below the 50-day moving average, suggesting investors may continue to see significant volatility while the higher earnings expectations are priced in.

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.