BWS Financial Initiates Coverage on Innodata (NASDAQ:INOD)

Research analysts at BWS Financial started coverage on shares of Innodata (NASDAQ:INODGet Free Report) in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The firm set a “buy” rating and a $24.00 price target on the technology company’s stock. BWS Financial’s target price suggests a potential upside of 86.19% from the stock’s previous close.

Separately, TheStreet raised shares of Innodata from a “d” rating to a “c-” rating in a research note on Friday, February 23rd.

View Our Latest Research Report on Innodata

Innodata Stock Down 0.2 %

Shares of NASDAQ INOD opened at $12.89 on Wednesday. Innodata has a 1 year low of $5.46 and a 1 year high of $15.36. The firm’s 50 day moving average price is $7.64 and its 200 day moving average price is $8.15. The firm has a market cap of $370.59 million, a P/E ratio of 214.87 and a beta of 2.02. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.46 and a current ratio of 1.46.

Innodata (NASDAQ:INODGet Free Report) last announced its earnings results on Thursday, February 22nd. The technology company reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $26.11 million for the quarter. Innodata had a net margin of 2.33% and a return on equity of 9.08%.

Institutional Investors Weigh In On Innodata

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INOD. Janus Henderson Group PLC purchased a new stake in Innodata during the 1st quarter worth $8,142,000. Essex Investment Management Co. LLC acquired a new position in Innodata during the 4th quarter valued at about $1,299,000. Trexquant Investment LP raised its position in shares of Innodata by 359.9% during the 3rd quarter. Trexquant Investment LP now owns 141,810 shares of the technology company’s stock worth $1,210,000 after buying an additional 110,978 shares in the last quarter. GSA Capital Partners LLP raised its position in shares of Innodata by 128.5% during the 1st quarter. GSA Capital Partners LLP now owns 137,664 shares of the technology company’s stock worth $909,000 after buying an additional 77,410 shares in the last quarter. Finally, Raymond James & Associates bought a new stake in shares of Innodata during the 3rd quarter worth about $590,000. Hedge funds and other institutional investors own 30.75% of the company’s stock.

Innodata Company Profile

(Get Free Report)

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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