111 Capital Takes Position in Innodata Inc. $INOD

111 Capital bought a new stake in shares of Innodata Inc. (NASDAQ:INOD) during the 2nd quarter, HoldingsChannel.com reports. The firm bought 4,427 shares of the technology company’s stock, valued at approximately $227,000.

Other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC acquired a new stake in shares of Innodata during the 2nd quarter valued at about $36,000. Creative Financial Designs Inc. ADV acquired a new stake in shares of Innodata during the 1st quarter valued at about $29,000. Toth Financial Advisory Corp boosted its position in shares of Innodata by 40.2% during the 2nd quarter. Toth Financial Advisory Corp now owns 1,150 shares of the technology company’s stock valued at $59,000 after acquiring an additional 330 shares in the last quarter. KBC Group NV acquired a new position in Innodata in the first quarter valued at about $52,000. Finally, Pinnacle Investment Management Ltd acquired a new position in Innodata in the second quarter valued at about $77,000. 30.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Innodata in a research report on Saturday, September 27th. BWS Financial restated a “buy” rating and issued a $74.00 price target on shares of Innodata in a research report on Monday, June 16th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Innodata presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.00.

Innodata Price Performance

Shares of INOD stock opened at $87.46 on Wednesday. Innodata Inc. has a 1 year low of $14.79 and a 1 year high of $90.92. The firm’s 50 day moving average is $54.29 and its 200-day moving average is $46.00. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 70.53 and a beta of 2.96. The company has a current ratio of 2.87, a quick ratio of 2.87 and a debt-to-equity ratio of 0.09.

Innodata (NASDAQ:INOD) last announced its earnings results on Thursday, July 31st. The technology company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.09. Innodata had a net margin of 18.71% and a return on equity of 54.27%. The company had revenue of $58.39 million for the quarter, compared to analyst estimates of $56.35 million. Innodata’s revenue was up 79.7% compared to the same quarter last year. Sell-side analysts forecast that Innodata Inc. will post 0.81 EPS for the current fiscal year.

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.