Innodata (NASDAQ:INOD) Now Covered by Analysts at Craig Hallum

Craig Hallum initiated coverage on shares of Innodata (NASDAQ:INOD) in a report published on Tuesday, Marketbeat.com reports. The firm issued a buy rating and a $23.00 price target on the technology company’s stock.

INOD has been the subject of a number of other reports. StockNews.com lowered Innodata from a hold rating to a sell rating in a research note on Monday, August 12th. BWS Financial raised their target price on Innodata from $24.00 to $30.00 and gave the company a buy rating in a research note on Friday, August 9th. Finally, Maxim Group assumed coverage on Innodata in a report on Monday, July 15th. They set a buy rating and a $30.00 target price on the stock. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $27.67.

Innodata Trading Down 2.5 %

Innodata stock opened at $13.95 on Tuesday. Innodata has a 12-month low of $5.46 and a 12-month 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 market capitalization of $401.10 million, a PE ratio of 232.50 and a beta of 2.32. The firm has a 50 day simple moving average of $17.11 and a 200-day simple moving average of $12.65.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP grew its holdings in shares of Innodata by 128.5% in the 1st quarter. GSA Capital Partners LLP now owns 137,664 shares of the technology company’s stock worth $909,000 after acquiring an additional 77,410 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Innodata by 2.0% during the first quarter. Vanguard Group Inc. now owns 1,460,430 shares of the technology company’s stock valued at $9,639,000 after purchasing an additional 28,173 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of Innodata by 8.5% in the 4th quarter. Private Advisor Group LLC now owns 12,700 shares of the technology company’s stock valued at $103,000 after purchasing an additional 1,000 shares during the period. Price T Rowe Associates Inc. MD increased its stake 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 worth $102,000 after purchasing an additional 982 shares in the last quarter. Finally, Rathbones Group PLC purchased a new position in Innodata in the 2nd quarter worth about $916,000. Institutional investors own 30.75% of the company’s stock.

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.