Innodata (NASDAQ:INOD) Releases Earnings Results, Beats Estimates By $0.20 EPS

Innodata (NASDAQ:INOD) posted its quarterly earnings results on Thursday. The technology company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.20, Zacks reports. The company had revenue of $59.18 million during the quarter, compared to analysts’ expectations of $53.01 million. Innodata had a return on equity of 44.38% and a net margin of 14.57%. Innodata updated its FY 2025 guidance to EPS.

Innodata Trading Up 28.1 %

Shares of Innodata stock traded up $15.31 on Friday, hitting $69.87. 8,234,626 shares of the company’s stock traded hands, compared to its average volume of 1,797,504. Innodata has a one year low of $5.46 and a one year high of $71.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.84 and a quick ratio of 1.84. The company has a fifty day moving average of $41.05 and a two-hundred day moving average of $29.81. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 117.49 and a beta of 2.57.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Wedbush assumed coverage on Innodata in a research report on Thursday, December 19th. They set an “outperform” rating and a $48.00 price objective on the stock. BWS Financial upped their price target on Innodata from $30.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, November 8th. StockNews.com upgraded Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Finally, Chardan Capital reiterated a “buy” rating and issued a $45.00 price target on shares of Innodata in a research report on Friday, December 13th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Innodata presently has an average rating of “Moderate Buy” and an average price target of $38.20.

Insider Activity at Innodata

In related news, Director Louise C. Forlenza sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $45.10, for a total transaction of $180,400.00. Following the transaction, the director now directly owns 8,278 shares of the company’s stock, valued at approximately $373,337.80. This represents a 32.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jack Abuhoff sold 187,099 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $46.07, for a total value of $8,619,650.93. Following the transaction, the chief executive officer now directly owns 1,188,358 shares in the company, valued at approximately $54,747,653.06. This trade represents a 13.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 559,806 shares of company stock worth $25,353,904 in the last 90 days. Corporate insiders own 15.23% of the company’s stock.

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.