Innodata (NASDAQ:INOD – Get Free Report) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Monday.
Several other brokerages have also recently weighed in on INOD. BWS Financial raised their price target on shares of Innodata from $24.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Maxim Group began coverage on shares of Innodata in a research note on Monday, July 15th. They set a “buy” rating and a $30.00 price target for the company.
Check Out Our Latest Stock Analysis on INOD
Innodata Price Performance
Hedge Funds Weigh In On Innodata
Several hedge funds and other institutional investors have recently made changes to their positions in INOD. nVerses Capital LLC bought a new position in shares of Innodata in the second quarter valued at $27,000. Montag A & Associates Inc. bought a new position in shares of Innodata in the fourth quarter valued at $33,000. Victory Capital Management Inc. bought a new position in shares of Innodata in the fourth quarter valued at $53,000. Elkhorn Partners Limited Partnership bought a new position in shares of Innodata in the first quarter valued at $94,000. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of 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.
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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