Innodata (NASDAQ:INOD – Free Report) 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.
Check Out Our Latest Stock Report on Innodata
Innodata Stock Performance
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.
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