FY2024 Earnings Estimate for Innodata Issued By Wedbush

Innodata Inc. (NASDAQ:INOD) – Equities researchers at Wedbush issued their FY2024 earnings per share (EPS) estimates for Innodata in a research report issued on Thursday, December 19th. Wedbush analyst D. Ives anticipates that the technology company will post earnings per share of $0.64 for the year. Wedbush currently has a “Outperform” rating and a $48.00 target price on the stock. The consensus estimate for Innodata’s current full-year earnings is $0.59 per share. Wedbush also issued estimates for Innodata’s Q4 2024 earnings at $0.22 EPS, Q1 2025 earnings at $0.22 EPS, Q2 2025 earnings at $0.21 EPS, Q3 2025 earnings at $0.20 EPS, Q4 2025 earnings at $0.19 EPS and FY2025 earnings at $0.82 EPS.

A number of other equities research analysts have also recently commented on the company. Craig Hallum assumed coverage on Innodata in a report on Tuesday, September 17th. They set a “buy” rating and a $23.00 target price on the stock. BWS Financial upped their price objective on shares of Innodata from $30.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, November 8th. StockNews.com raised shares of Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Finally, Chardan Capital reissued a “buy” rating and set a $45.00 price target on shares of Innodata in a research note on Friday, December 13th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $38.20.

Innodata Price Performance

Shares of NASDAQ INOD opened at $43.26 on Monday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.15. The company’s 50-day moving average price is $33.62 and its 200 day moving average price is $22.41. Innodata has a 52 week low of $5.46 and a 52 week high of $55.17. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 73.32 and a beta of 2.55.

Insider Buying and Selling

In other Innodata news, COO Ashok Mishra sold 92,726 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $43.16, for a total transaction of $4,002,054.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stewart R. Massey sold 50,000 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $40.55, for a total transaction of $2,027,500.00. Following the completion of the sale, the director now directly owns 25,262 shares of the company’s stock, valued at $1,024,374.10. The trade was a 66.43 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,035,083 shares of company stock valued at $46,889,370. Insiders own 15.23% of the company’s stock.

Institutional Trading of Innodata

Institutional investors have recently added to or reduced their stakes in the business. nVerses Capital LLC acquired a new position in Innodata during the 2nd quarter worth approximately $27,000. Point72 Asset Management L.P. purchased a new stake in shares of Innodata during the third quarter valued at approximately $206,000. BNP Paribas Financial Markets lifted its position in shares of Innodata by 38.5% during the third quarter. BNP Paribas Financial Markets now owns 13,443 shares of the technology company’s stock worth $225,000 after purchasing an additional 3,739 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of Innodata by 17.4% in the third quarter. Private Advisor Group LLC now owns 14,907 shares of the technology company’s stock valued at $250,000 after purchasing an additional 2,207 shares during the period. Finally, XTX Topco Ltd acquired a new stake in Innodata during the 2nd quarter valued at $285,000. 30.75% of the stock is owned by hedge funds and other 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.