Innodata (NASDAQ:INOD) PT Raised to $30.00

Innodata (NASDAQ:INOD) had its target price hoisted by BWS Financial from $24.00 to $30.00 in a research report report published on Friday, Benzinga reports. They currently have a buy rating on the technology company’s stock.

Separately, Maxim Group began coverage on shares of Innodata in a research report on Monday, July 15th. They issued a buy rating and a $30.00 price target on the stock.

Innodata Stock Performance

NASDAQ:INOD opened at $18.47 on Friday. The company has a 50-day moving average of $16.29 and a 200-day moving average of $11.22. The firm has a market cap of $531.07 million, a price-to-earnings ratio of 307.83 and a beta of 2.33. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.25. Innodata has a twelve month low of $5.46 and a twelve month high of $21.58.

Institutional Trading of Innodata

A number of hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP raised its holdings in shares of Innodata by 128.5% during the first quarter. GSA Capital Partners LLP now owns 137,664 shares of the technology company’s stock valued at $909,000 after acquiring an additional 77,410 shares during the period. Essex Investment Management Co. LLC purchased a new position in Innodata during the 4th quarter worth approximately $1,299,000. Private Advisor Group LLC raised its stake in Innodata by 8.5% during 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. Victory Capital Management Inc. purchased a new stake in shares of Innodata in the fourth quarter valued at $53,000. Finally, Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Innodata in the fourth quarter worth $187,000. 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.