BWS Financial Boosts Innodata (NASDAQ:INOD) Price Target to $45.00

Innodata (NASDAQ:INOD) had its price objective boosted by BWS Financial from $30.00 to $45.00 in a research note released on Friday morning,Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

A number of other research firms have also commented on INOD. Craig Hallum initiated coverage on Innodata in a research note on Tuesday, September 17th. They set a “buy” rating and a $23.00 price objective on the stock. StockNews.com raised shares of Innodata to a “sell” rating in a research note on Wednesday, October 23rd. Finally, Maxim Group initiated coverage on Innodata in a report on Monday, July 15th. They issued a “buy” rating and a $30.00 price target for the company. One research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $32.67.

Innodata Trading Up 7.3 %

Shares of Innodata stock opened at $45.90 on Friday. The business has a 50 day moving average price of $17.71 and a 200 day moving average price of $15.80. The company has a market capitalization of $1.33 billion, a P/E ratio of 79.88 and a beta of 2.30. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.45 and a quick ratio of 1.45. Innodata has a 1 year low of $5.46 and a 1 year high of $47.81.

Institutional Investors Weigh In On Innodata

Institutional investors have recently bought and sold shares of the stock. nVerses Capital LLC acquired a new position in shares of Innodata in the 2nd quarter valued at $27,000. Elkhorn Partners Limited Partnership purchased a new stake in Innodata during the first quarter valued at about $94,000. Private Advisor Group LLC increased its stake in Innodata by 17.4% during the third quarter. Private Advisor Group LLC now owns 14,907 shares of the technology company’s stock worth $250,000 after acquiring an additional 2,207 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Innodata by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,348 shares of the technology company’s stock worth $102,000 after purchasing an additional 982 shares during the period. Finally, Principal Financial Group Inc. acquired a new position in shares of Innodata in the 3rd quarter valued at about $311,000. 30.75% of the stock is currently owned by hedge funds and other 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.