Innodata (NASDAQ:INOD) Lifted to “Sell” at StockNews.com

StockNews.com upgraded shares of Innodata (NASDAQ:INOD) to a sell rating in a report released on Friday.

INOD has been the subject of a number of other reports. BWS Financial raised their price objective on shares of Innodata from $24.00 to $30.00 and gave the stock a buy rating in a report on Friday, August 9th. Craig Hallum initiated coverage on Innodata in a report on Tuesday, September 17th. They set a buy rating and a $23.00 price objective on the stock. Finally, Maxim Group started coverage on Innodata in a report on Monday, July 15th. They issued a buy rating and a $30.00 target price for the company. One equities research analyst has rated the stock with a sell rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $27.67.

Innodata Stock Up 5.4 %

Shares of INOD stock opened at $16.77 on Friday. Innodata has a one year low of $5.46 and a one year high of $21.58. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.45 and a quick ratio of 1.45. The stock has a fifty day moving average price of $16.72 and a 200 day moving average price of $13.04. The stock has a market cap of $482.19 million, a P/E ratio of 271.00 and a beta of 2.32.

Institutional Investors Weigh In On Innodata

A number of large investors have recently bought and sold shares of INOD. nVerses Capital LLC bought a new stake in shares of Innodata during the second quarter worth $27,000. Elkhorn Partners Limited Partnership bought a new stake in Innodata during the 1st quarter worth about $94,000. Price T Rowe Associates Inc. MD increased its position in 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 valued at $102,000 after acquiring an additional 982 shares in the last quarter. BNP Paribas Financial Markets increased its position in Innodata by 11.2% in the 1st quarter. BNP Paribas Financial Markets now owns 22,208 shares of the technology company’s stock valued at $147,000 after acquiring an additional 2,230 shares in the last quarter. Finally, Platform Technology Partners raised its stake in shares of Innodata by 5.2% in the fourth quarter. Platform Technology Partners now owns 28,661 shares of the technology company’s stock worth $233,000 after acquiring an additional 1,408 shares during the last quarter. 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.