Innodata (INOD) Expected to Announce Quarterly Earnings on Thursday

Innodata (NASDAQ:INOD) is expected to issue its quarterly earnings data after the market closes on Thursday, February 20th. Analysts expect the company to announce earnings of $0.11 per share and revenue of $53.01 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Innodata Stock Performance

Shares of INOD stock opened at $58.09 on Wednesday. Innodata has a 12-month low of $5.46 and a 12-month high of $60.48. The business’s fifty day simple moving average is $39.83 and its 200-day simple moving average is $29.14. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.15. The company has a market cap of $1.68 billion, a PE ratio of 98.46 and a beta of 2.57.

Insiders Place Their Bets

In related news, CFO Marissa B. Espineli sold 38,333 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $47.17, for a total transaction of $1,808,167.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Nauman Sabeeh Toor sold 110,207 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $44.00, for a total transaction of $4,849,108.00. Following the transaction, the director now directly owns 209,194 shares of the company’s stock, valued at approximately $9,204,536. This trade represents a 34.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 892,357 shares of company stock valued at $40,859,816. Insiders own 15.23% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Chardan Capital reaffirmed a “buy” rating and set a $45.00 target price on shares of Innodata in a research report on Friday, December 13th. Wedbush assumed coverage on shares of Innodata in a report on Thursday, December 19th. They set an “outperform” rating and a $48.00 price objective on the stock. StockNews.com raised shares of Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Finally, BWS Financial boosted their target price on shares of Innodata from $30.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $38.20.

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.