Innodata (NASDAQ:INOD) Upgraded at StockNews.com

StockNews.com upgraded shares of Innodata (NASDAQ:INOD) to a sell rating in a research report report published on Wednesday morning.

A number of other brokerages have also commented on INOD. BWS Financial lifted 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 initiated coverage on shares of Innodata in a research report on Monday, July 15th. They issued a “buy” rating and a $30.00 target price for the company. Finally, Craig Hallum assumed coverage on Innodata in a report on Tuesday, September 17th. They set a “buy” rating and a $23.00 price target on the stock. One research analyst has rated the stock with a sell rating and three have given a buy rating to the company. According to data from MarketBeat.com, Innodata has an average rating of “Moderate Buy” and an average target price of $27.67.

Innodata Trading Up 5.9 %

Shares of NASDAQ:INOD opened at $20.30 on Wednesday. Innodata has a 1 year low of $5.46 and a 1 year high of $21.58. The stock’s fifty day moving average price is $16.60 and its 200-day moving average price is $14.48. The company has a market cap of $588.50 million, a P/E ratio of 225.58 and a beta of 2.31. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.45 and a quick ratio of 1.45.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in INOD. nVerses Capital LLC bought a new stake in shares of Innodata during the 2nd quarter valued at $27,000. Elkhorn Partners Limited Partnership bought a new stake in Innodata during the first quarter valued at about $94,000. Private Advisor Group LLC increased its position in Innodata by 17.4% in the third quarter. Private Advisor Group LLC now owns 14,907 shares of the technology company’s stock worth $250,000 after buying an additional 2,207 shares in the last quarter. Price T Rowe Associates Inc. MD raised 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 worth $102,000 after buying an additional 982 shares during the period. Finally, XTX Topco Ltd purchased a new position in shares of Innodata during the 2nd quarter valued at about $285,000. 30.75% of the stock is currently owned by institutional investors.

About Innodata

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.