Meridian Wealth Management LLC Acquires 29,509 Shares of Innodata Inc. $INOD

Meridian Wealth Management LLC grew its holdings in shares of Innodata Inc. (NASDAQ:INOD) by 237.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 41,927 shares of the technology company’s stock after buying an additional 29,509 shares during the period. Meridian Wealth Management LLC’s holdings in Innodata were worth $2,136,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of INOD. AQR Capital Management LLC grew its stake in shares of Innodata by 446.4% during the first quarter. AQR Capital Management LLC now owns 90,968 shares of the technology company’s stock valued at $3,266,000 after buying an additional 74,320 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Innodata by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,085 shares of the technology company’s stock valued at $577,000 after buying an additional 711 shares during the last quarter. Millennium Management LLC grew its stake in shares of Innodata by 30.7% during the first quarter. Millennium Management LLC now owns 142,608 shares of the technology company’s stock valued at $5,120,000 after buying an additional 33,473 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Innodata by 16.0% during the second quarter. JPMorgan Chase & Co. now owns 20,375 shares of the technology company’s stock valued at $1,044,000 after buying an additional 2,816 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Innodata by 1,527.3% during the second quarter. Russell Investments Group Ltd. now owns 9,422 shares of the technology company’s stock valued at $483,000 after buying an additional 8,843 shares during the last quarter. Institutional investors own 30.75% of the company’s stock.

Key Stories Impacting Innodata

Here are the key news stories impacting Innodata this week:

• Positive Sentiment: Innodata’s Q1 results were described as “blowout” earnings, with the company highlighting strong demand and upbeat commentary on its earnings call. The stock also got a lift from reports that profits nearly doubled and revenue jumped 54% to a record $90.1 million, reinforcing the idea that AI-related data demand is driving growth. Article Title
• Positive Sentiment: Management raised full-year growth guidance again, which suggests momentum is continuing and may support further upside if execution stays strong. Article Title
• Neutral Sentiment: Trading activity has been elevated, with unusual call buying earlier in the week and heavy put buying more recently. That points to very high investor interest and disagreement about how much of the rally is already priced in.
• Neutral Sentiment: Maxim Group trimmed its 2027 EPS estimates for several quarters, which could temper enthusiasm somewhat, but the cuts do not appear to have outweighed the strong near-term operating results so far.
• Negative Sentiment: The stock may be seeing some profit-taking after a sharp run-up, and bearish options activity suggests some traders are positioning for a pullback after the recent surge. Article Title

Innodata Stock Down 11.3%

Shares of NASDAQ:INOD opened at $92.09 on Wednesday. Innodata Inc. has a 52-week low of $33.44 and a 52-week high of $114.77. The stock has a market cap of $3.01 billion, a P/E ratio of 82.96 and a beta of 2.40. The business’s 50 day moving average is $45.58 and its 200 day moving average is $52.76. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.07.

Innodata (NASDAQ:INOD) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.34. The company had revenue of $90.10 million for the quarter, compared to analysts’ expectations of $76.47 million. Innodata had a return on equity of 37.49% and a net margin of 13.86%.Innodata’s revenue was up 54.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.22 earnings per share. Sell-side analysts predict that Innodata Inc. will post 0.93 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on INOD. BWS Financial reissued a “top pick” rating and issued a $110.00 price objective on shares of Innodata in a research note on Friday, April 10th. Wall Street Zen raised Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Wedbush increased their price objective on Innodata from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Innodata in a research note on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.00.

About Innodata

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.