Innodata (NASDAQ:INOD – Get Free Report) was upgraded by StockNews.com to a “sell” rating in a report issued on Wednesday.
A number of other analysts also recently weighed in on INOD. BWS Financial increased their target price on shares of Innodata from $24.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Maxim Group started coverage on shares of Innodata in a research report on Monday, July 15th. They set a “buy” rating and a $30.00 target price for the company. Finally, Craig Hallum started coverage on shares of Innodata in a research report on Tuesday, September 17th. They set a “buy” rating and a $23.00 target price for the company. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $27.67.
Check Out Our Latest Report on INOD
Innodata Stock Performance
Hedge Funds Weigh In On Innodata
Institutional investors and hedge funds have recently modified their holdings of the business. GSA Capital Partners LLP boosted its holdings in shares of Innodata by 128.5% during the 1st quarter. GSA Capital Partners LLP now owns 137,664 shares of the technology company’s stock worth $909,000 after buying an additional 77,410 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Innodata by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 1,460,430 shares of the technology company’s stock worth $9,639,000 after buying an additional 28,173 shares in the last quarter. Rathbones Group PLC bought a new position in shares of Innodata during the 2nd quarter worth approximately $916,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Innodata by 6.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,348 shares of the technology company’s stock worth $102,000 after buying an additional 982 shares in the last quarter. Finally, Deerfield Management Company L.P. Series C boosted its holdings in shares of Innodata by 309.5% during the 2nd quarter. Deerfield Management Company L.P. Series C now owns 111,814 shares of the technology company’s stock worth $1,658,000 after buying 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.
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