Wedbush Predicts Innodata’s Q1 Earnings (NASDAQ:INOD)

Innodata Inc. (NASDAQ:INOD) – Wedbush lowered their Q1 2025 earnings per share estimates for Innodata in a research note issued on Friday, February 21st. Wedbush analyst D. Ives now expects that the technology company will post earnings per share of $0.21 for the quarter, down from their prior estimate of $0.22. Wedbush has a “Outperform” rating and a $48.00 price target on the stock. The consensus estimate for Innodata’s current full-year earnings is $0.81 per share. Wedbush also issued estimates for Innodata’s Q2 2025 earnings at $0.22 EPS, Q3 2025 earnings at $0.23 EPS, Q4 2025 earnings at $0.26 EPS, FY2025 earnings at $0.92 EPS, Q1 2026 earnings at $0.28 EPS, Q2 2026 earnings at $0.29 EPS, Q3 2026 earnings at $0.31 EPS, Q4 2026 earnings at $0.37 EPS and FY2026 earnings at $1.25 EPS.

Innodata (NASDAQ:INOD) last issued its earnings results on Thursday, February 20th. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.20. Innodata had a net margin of 16.81% and a return on equity of 66.36%. The firm had revenue of $59.18 million for the quarter, compared to analysts’ expectations of $53.01 million.

Other equities analysts have also recently issued research reports about the stock. BWS Financial raised their target price on shares of Innodata from $45.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Chardan Capital reissued a “buy” rating and issued a $45.00 target price on shares of Innodata in a report on Friday, December 13th. StockNews.com raised Innodata from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Finally, Maxim Group lifted their price target on Innodata from $54.00 to $75.00 and gave the company a “buy” rating in a report on Friday, February 21st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $53.00.

Innodata Stock Performance

Shares of NASDAQ INOD opened at $58.11 on Monday. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.15. The firm’s 50-day moving average price is $42.03 and its two-hundred day moving average price is $30.63. Innodata has a 52-week low of $5.46 and a 52-week high of $71.00. The stock has a market capitalization of $1.69 billion, a P/E ratio of 68.37 and a beta of 2.57.

Institutional Investors Weigh In On Innodata

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Innodata by 7.7% during the fourth quarter. Vanguard Group Inc. now owns 1,639,724 shares of the technology company’s stock worth $64,802,000 after purchasing an additional 117,000 shares in the last quarter. D. E. Shaw & Co. Inc. grew its position in Innodata by 1,718.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 944,611 shares of the technology company’s stock worth $37,331,000 after buying an additional 892,663 shares during the last quarter. Geode Capital Management LLC grew its position in Innodata by 2.3% in the third quarter. Geode Capital Management LLC now owns 613,748 shares of the technology company’s stock worth $10,294,000 after buying an additional 13,609 shares during the last quarter. State Street Corp grew its position in Innodata by 1.8% in the third quarter. State Street Corp now owns 537,301 shares of the technology company’s stock worth $9,011,000 after buying an additional 9,408 shares during the last quarter. Finally, Driehaus Capital Management LLC acquired a new position in Innodata in the fourth quarter worth approximately $16,713,000. Institutional investors own 30.75% of the company’s stock.

Insider Activity

In related news, Director Nauman Sabeeh Toor sold 200,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $45.37, for a total transaction of $9,074,000.00. Following the sale, the director now owns 319,401 shares of the company’s stock, valued at $14,491,223.37. The trade was a 38.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Ashok Mishra sold 58,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $44.97, for a total value of $2,630,745.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 368,707 shares of company stock valued at $16,553,853. Insiders own 15.23% of the company’s stock.

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.