Innodata (NASDAQ:INOD) Research Coverage Started at BWS Financial

BWS Financial began coverage on shares of Innodata (NASDAQ:INOD) in a research note released on Wednesday morning, MarketBeat reports. The brokerage issued a buy rating and a $24.00 target price on the technology company’s stock.

Separately, TheStreet raised Innodata from a d rating to a c- rating in a research note on Friday, February 23rd.

Innodata Trading Up 0.5 %

Shares of INOD stock opened at $12.96 on Wednesday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.25. The business has a 50-day moving average price of $7.77 and a two-hundred day moving average price of $8.18. Innodata has a 12-month low of $5.46 and a 12-month high of $15.36. The firm has a market cap of $372.60 million, a P/E ratio of 216.04 and a beta of 2.02.

Innodata (NASDAQ:INOD) last issued its quarterly earnings results on Thursday, February 22nd. The technology company reported $0.05 earnings per share (EPS) for the quarter. Innodata had a return on equity of 9.08% and a net margin of 2.33%. The firm had revenue of $26.11 million during the quarter.

Institutional Investors Weigh In On Innodata

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its stake in shares of Innodata by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,348 shares of the technology company’s stock valued at $102,000 after acquiring an additional 982 shares during the last quarter. Private Advisor Group LLC raised its position in Innodata by 8.5% during the 4th quarter. Private Advisor Group LLC now owns 12,700 shares of the technology company’s stock valued at $103,000 after purchasing an additional 1,000 shares during the last quarter. Platform Technology Partners raised its position in Innodata by 5.2% during the 4th quarter. Platform Technology Partners now owns 28,661 shares of the technology company’s stock valued at $233,000 after purchasing an additional 1,408 shares during the last quarter. BNP Paribas Financial Markets raised its position in Innodata by 11.2% during the 1st quarter. BNP Paribas Financial Markets now owns 22,208 shares of the technology company’s stock valued at $147,000 after purchasing an additional 2,230 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in Innodata during the 3rd quarter valued at approximately $25,000. Institutional investors 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.