Compass Ion Advisors LLC Grows Position in Innodata Inc. (NASDAQ:INOD)

Compass Ion Advisors LLC lifted its holdings in shares of Innodata Inc. (NASDAQ:INOD) by 5.6% in the 3rd quarter, Holdings Channel reports. The firm owned 37,674 shares of the technology company’s stock after acquiring an additional 2,011 shares during the period. Compass Ion Advisors LLC’s holdings in Innodata were worth $632,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of INOD. BNP Paribas Financial Markets increased its holdings in shares of Innodata by 11.2% in the 1st quarter. BNP Paribas Financial Markets now owns 22,208 shares of the technology company’s stock worth $147,000 after buying an additional 2,230 shares during the last quarter. GSA Capital Partners LLP lifted its stake in Innodata by 128.5% during the first quarter. GSA Capital Partners LLP now owns 137,664 shares of the technology company’s stock worth $909,000 after purchasing an additional 77,410 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Innodata by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 1,460,430 shares of the technology company’s stock worth $9,639,000 after purchasing an additional 28,173 shares in the last quarter. Elkhorn Partners Limited Partnership bought a new position in shares of Innodata during the 1st quarter valued at about $94,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Innodata by 6.8% during 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 buying an additional 982 shares in the last quarter. 30.75% of the stock is currently owned by institutional investors.

Innodata Trading Up 2.6 %

Shares of NASDAQ INOD traded up $0.47 during trading hours on Friday, hitting $18.80. The company’s stock had a trading volume of 615,356 shares, compared to its average volume of 617,947. Innodata Inc. has a 12 month low of $5.46 and a 12 month high of $21.58. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.45 and a current ratio of 1.45. The business has a 50-day simple moving average of $16.36 and a 200-day simple moving average of $14.04. The stock has a market cap of $540.56 million, a price-to-earnings ratio of 313.33 and a beta of 2.31.

Wall Street Analyst Weigh In

Several brokerages have issued reports on INOD. BWS Financial upped their target price on Innodata from $24.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Craig Hallum started coverage on Innodata in a report on Tuesday, September 17th. They issued a “buy” rating and a $23.00 price objective on the stock. StockNews.com upgraded Innodata to a “sell” rating in a report on Friday, September 27th. Finally, Maxim Group initiated coverage on Innodata in a research note on Monday, July 15th. They set a “buy” rating and a $30.00 price objective for the company. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.67.

About Innodata

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.