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

Innodata (NASDAQ:INOD) issued its quarterly earnings data on Thursday. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.20, Zacks reports. Innodata had a net margin of 16.81% and a return on equity of 66.36%. The firm had revenue of $59.18 million for the quarter, compared to analyst estimates of $53.01 million. Innodata updated its FY 2025 guidance to EPS.

Innodata Stock Performance

Shares of Innodata stock traded up $7.33 on Friday, hitting $61.89. The stock had a trading volume of 12,830,912 shares, compared to its average volume of 1,781,719. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 72.81 and a beta of 2.57. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.15. Innodata has a 52-week low of $5.46 and a 52-week high of $71.00. The company’s 50 day moving average price is $41.05 and its 200 day moving average price is $29.81.

Analysts Set New Price Targets

Several analysts recently weighed in on INOD shares. BWS Financial lifted their target price on shares of Innodata from $45.00 to $74.00 and gave the company a “buy” rating in a report on Friday. Wedbush started coverage on shares of Innodata in a report on Thursday, December 19th. They set an “outperform” rating and a $48.00 price target for the company. Maxim Group upped their price objective on Innodata from $54.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday. Chardan Capital reissued a “buy” rating and set a $45.00 target price on shares of Innodata in a research report on Friday, December 13th. Finally, StockNews.com upgraded Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Innodata has a consensus rating of “Moderate Buy” and an average target price of $53.00.

Insider Buying and Selling

In other news, COO Ashok Mishra sold 58,500 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $44.97, for a total transaction of $2,630,745.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Nauman Sabeeh Toor sold 110,207 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $44.00, for a total value of $4,849,108.00. Following the transaction, the director now directly owns 209,194 shares in the company, valued at approximately $9,204,536. This represents a 34.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 559,806 shares of company stock worth $25,353,904 in the last quarter. 15.23% of the stock is owned by insiders.

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.