Innodata Inc. (NASDAQ:INOD – Get Free Report)’s share price traded up 6.5% during trading on Friday . The stock traded as high as $20.40 and last traded at $20.40. 127,222 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 610,866 shares. The stock had previously closed at $19.16.
Wall Street Analyst Weigh In
Several equities analysts have commented on the company. BWS Financial increased their target price on Innodata from $24.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Maxim Group assumed coverage on Innodata in a research report on Monday, July 15th. They issued a “buy” rating and a $30.00 target price for the company. Craig Hallum assumed coverage on Innodata in a research report on Tuesday, September 17th. They issued a “buy” rating and a $23.00 target price for the company. Finally, StockNews.com upgraded Innodata to a “sell” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $27.67.
Check Out Our Latest Stock Analysis on INOD
Innodata Stock Up 5.9 %
Hedge Funds Weigh In On Innodata
Hedge funds have recently made changes to their positions in the stock. GSA Capital Partners LLP increased its holdings in Innodata by 128.5% in the first quarter. GSA Capital Partners LLP now owns 137,664 shares of the technology company’s stock worth $909,000 after purchasing an additional 77,410 shares in the last quarter. Vanguard Group Inc. increased its holdings in Innodata by 2.0% in the first quarter. Vanguard Group Inc. now owns 1,460,430 shares of the technology company’s stock worth $9,639,000 after purchasing an additional 28,173 shares in the last quarter. Rathbones Group PLC bought a new stake in Innodata in the second quarter worth approximately $916,000. Price T Rowe Associates Inc. MD increased its holdings in Innodata by 6.8% in the first 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, Deerfield Management Company L.P. Series C increased its holdings in Innodata by 309.5% in the second quarter. Deerfield Management Company L.P. Series C now owns 111,814 shares of the technology company’s stock worth $1,658,000 after purchasing an additional 84,509 shares in the last quarter. 30.75% of the stock is currently owned by institutional investors.
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.
Recommended Stories
- Five stocks we like better than Innodata
- Dividend Capture Strategy: What You Need to Know
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- What is Short Interest? How to Use It
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
- How to Start Investing in Real Estate
- MarketBeat Week in Review – 10/21- 10/25
Receive News & Ratings for Innodata Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Innodata and related companies with MarketBeat.com's FREE daily email newsletter.