Innodata Inc. (NASDAQ:INOD – Get Free Report) shot up 6.5% during trading on Friday . The company traded as high as $20.40 and last traded at $20.40. 127,222 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 610,866 shares. The stock had previously closed at $19.16.
Wall Street Analyst Weigh In
A number of brokerages have commented on INOD. StockNews.com raised Innodata to a “sell” rating in a report on Wednesday. Craig Hallum began coverage on Innodata in a report on Tuesday, September 17th. They issued a “buy” rating and a $23.00 price objective on the stock. BWS Financial increased their target price on Innodata from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, Maxim Group began coverage on Innodata in a report on Monday, July 15th. They set a “buy” rating and a $30.00 target price on the stock. One equities research analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $27.67.
Read Our Latest Analysis on INOD
Innodata Trading Up 5.9 %
Institutional Trading of Innodata
Several large investors have recently bought and sold shares of INOD. BNP Paribas Financial Markets boosted its stake in Innodata by 11.2% in the first quarter. BNP Paribas Financial Markets now owns 22,208 shares of the technology company’s stock valued at $147,000 after buying an additional 2,230 shares in the last quarter. GSA Capital Partners LLP boosted its stake in Innodata by 128.5% in the first quarter. GSA Capital Partners LLP now owns 137,664 shares of the technology company’s stock valued at $909,000 after buying an additional 77,410 shares in the last quarter. Vanguard Group Inc. boosted its stake in Innodata by 2.0% in the first quarter. Vanguard Group Inc. now owns 1,460,430 shares of the technology company’s stock valued at $9,639,000 after buying an additional 28,173 shares in the last quarter. Elkhorn Partners Limited Partnership acquired a new stake in Innodata in the first quarter valued at about $94,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in Innodata by 6.8% in the first 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 owned by institutional investors and hedge funds.
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.
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