Innodata (NASDAQ:INOD) Given New $100.00 Price Target at Wedbush

Innodata (NASDAQ:INOD) had its target price raised by Wedbush from $80.00 to $100.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the technology company’s stock. Wedbush’s target price suggests a potential upside of 13.26% from the company’s current price.

INOD has been the topic of several other research reports. Wall Street Zen upgraded Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. BWS Financial reaffirmed a “top pick” rating and set a $110.00 price target on shares of Innodata in a research report on Friday, April 10th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Innodata in a research note on Friday, April 10th. One equities research 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $105.00.

Innodata Stock Performance

NASDAQ INOD opened at $88.29 on Thursday. Innodata has a 52-week low of $33.44 and a 52-week high of $114.77. The company has a 50-day simple moving average of $46.49 and a 200 day simple moving average of $52.87. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.49 and a current ratio of 2.49. The company has a market capitalization of $2.88 billion, a PE ratio of 80.22 and a beta of 2.40.

Innodata (NASDAQ:INOD) last released its earnings results on Thursday, May 7th. The technology company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.34. Innodata had a net margin of 13.86% and a return on equity of 37.49%. The firm had revenue of $90.10 million for the quarter, compared to analysts’ expectations of $76.47 million. During the same period in the previous year, the company earned $0.22 earnings per share. The company’s quarterly revenue was up 54.5% on a year-over-year basis. On average, research analysts predict that Innodata will post 0.99 EPS for the current year.

Insiders Place Their Bets

In other Innodata news, Director Louise C. Forlenza sold 30,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $88.86, for a total value of $2,665,800.00. Following the transaction, the director directly owned 3,943 shares in the company, valued at $350,374.98. This represents a 88.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Ashok Mishra sold 242,901 shares of Innodata stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $90.15, for a total value of $21,897,525.15. Following the sale, the chief operating officer owned 95,179 shares of the company’s stock, valued at approximately $8,580,386.85. This trade represents a 71.85% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 11.80% of the company’s stock.

Hedge Funds Weigh In On Innodata

Institutional investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Innodata during the 3rd quarter worth $4,876,000. RFG Advisory LLC purchased a new stake in Innodata during the fourth quarter valued at about $5,750,000. WINTON GROUP Ltd bought a new stake in Innodata during the third quarter worth about $1,834,000. Penserra Capital Management LLC purchased a new position in shares of Innodata in the 3rd quarter worth about $3,877,000. Finally, UBS Group AG increased its position in shares of Innodata by 37.1% during the 4th quarter. UBS Group AG now owns 350,928 shares of the technology company’s stock valued at $17,880,000 after purchasing an additional 95,002 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: Recent coverage says Innodata’s first-quarter results triggered a major momentum surge, with the company’s strong revenue and earnings beat reinforcing its AI/data-services growth story. Benzinga article
• Positive Sentiment: Analyst commentary has highlighted Innodata as an AI infrastructure and data-center play, which may be supporting investor optimism after its recent run-up. Yahoo Finance article
• Positive Sentiment: The company’s Q1 earnings call was described as “blowout,” suggesting the results and outlook continued to attract bullish attention. TipRanks article
• Neutral Sentiment: Maxim Group lowered multiple earnings estimates for 2026-2027, which is a valuation headwind, although some revised forecasts still remain above broader consensus levels.
• Negative Sentiment: COO Ashok Mishra sold 242,901 shares and Director Louise C. Forlenza sold 30,000 shares, a combined insider disposition of more than $24 million that may pressure sentiment.
• Negative Sentiment: Unusual put-option buying suggests some traders are hedging against downside after the stock’s sharp advance. American Banking News article

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.