Innodata (NASDAQ:INOD) Receives Outperform Rating from Wedbush

Wedbush restated their outperform rating on shares of Innodata (NASDAQ:INOD) in a report issued on Friday morning,Benzinga reports. Wedbush currently has a $90.00 target price on the technology company’s stock.

A number of other analysts have also recently commented on INOD. BWS Financial raised shares of Innodata from a “buy” rating to a “top pick” rating and set a $110.00 target price for the company in a report on Monday, January 5th. Zacks Research lowered Innodata from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Finally, Weiss Ratings downgraded Innodata from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $91.67.

Innodata Stock Down 13.2%

Innodata stock opened at $55.44 on Friday. Innodata has a one year low of $26.41 and a one year high of $93.85. The stock has a fifty day moving average of $56.93 and a 200 day moving average of $58.53. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.69 and a current ratio of 2.69. The stock has a market cap of $1.77 billion, a PE ratio of 57.16 and a beta of 2.43.

Innodata (NASDAQ:INOD) last released its quarterly earnings results on Thursday, November 6th. The technology company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.10. Innodata had a return on equity of 41.67% and a net margin of 14.11%.The business had revenue of $62.55 million during the quarter, compared to the consensus estimate of $59.78 million. Innodata’s quarterly revenue was up 19.8% on a year-over-year basis. As a group, sell-side analysts predict that Innodata will post 0.81 EPS for the current year.

Insiders Place Their Bets

In other Innodata news, COO Ashok Mishra sold 200,000 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $61.39, for a total transaction of $12,278,000.00. Following the sale, the chief operating officer directly owned 60,000 shares of the company’s stock, valued at $3,683,400. This trade represents a 76.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Louise C. Forlenza sold 8,278 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $65.00, for a total value of $538,070.00. Following the completion of the transaction, the director owned 3,943 shares in the company, valued at $256,295. The trade was a 67.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 236,372 shares of company stock worth $14,572,507. 12.20% of the stock is owned by corporate insiders.

Institutional Trading of Innodata

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hussman Strategic Advisors Inc. bought a new position in Innodata during the second quarter valued at approximately $1,076,000. Moody Aldrich Partners LLC bought a new position in shares of Innodata during the 3rd quarter valued at approximately $3,718,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Innodata during the 2nd quarter valued at $332,000. Freedom Investment Management Inc. bought a new stake in Innodata in the second quarter worth $242,000. Finally, Atria Wealth Solutions Inc. boosted its stake in Innodata by 48.9% during the second quarter. Atria Wealth Solutions Inc. now owns 13,699 shares of the technology company’s stock worth $702,000 after buying an additional 4,497 shares during the period. 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: BWS Financial reaffirmed its “top pick” rating and set a $110 price target (~98% upside vs. current levels), signaling strong analyst conviction that could support medium?term upside. BWS Financial Reaffirmation
• Positive Sentiment: Wedbush reaffirmed an “outperform” rating with a $90 price target (~62% upside), another analyst vote of confidence that underpins bullish thesis on revenue and margins. Wedbush Rating
• Positive Sentiment: Innodata announced a commercial partnership with Palantir to provide data engineering and training data (rodeo video annotation) — a clear revenue?relevant win that drove the stock higher earlier this week. This strengthens Innodata’s position in high?value AI data services. Zacks: Palantir Partnership
• Positive Sentiment: The company won a task?eligible position on the U.S. Missile Defense Agency’s SHIELD IDIQ, expanding its addressable government opportunity and providing future contract bidding runway. InsiderMonkey: SHIELD Contract
• Neutral Sentiment: Recent heavy volume and a sharp intraday surge (shares jumped ~14% in the prior session) suggest momentum trading; analysts note that earnings?estimate revisions may not sustain the rally. That makes short?term direction uncertain. Zacks: Stock Jump Analysis
• Neutral Sentiment: Benzinga coverage of options market activity highlights elevated derivatives interest — this can amplify moves in either direction and increase intraday volatility. Benzinga: Options Market Dynamics
• Negative Sentiment: Broader weakness/valuation pressure in Palantir ahead of its earnings and a rotation away from richly valued AI names are creating a risk?off backdrop for vendors tied to those platforms; investors appear to be taking profits after the recent run. MarketBeat: Palantir Reality Check

Innodata Company Profile

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.