Oppenheimer & Co. Inc. Acquires Shares of 17,032 Innodata Inc. $INOD

Oppenheimer & Co. Inc. acquired a new stake in shares of Innodata Inc. (NASDAQ:INOD) during the 4th quarter, HoldingsChannel reports. The fund acquired 17,032 shares of the technology company’s stock, valued at approximately $868,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in INOD. Farther Finance Advisors LLC lifted its holdings in Innodata by 506.0% during the fourth quarter. Farther Finance Advisors LLC now owns 806 shares of the technology company’s stock valued at $41,000 after purchasing an additional 673 shares in the last quarter. Global Retirement Partners LLC purchased a new position in Innodata during the third quarter valued at $50,000. IFP Advisors Inc lifted its holdings in Innodata by 1,567.5% during the third quarter. IFP Advisors Inc now owns 667 shares of the technology company’s stock valued at $51,000 after purchasing an additional 627 shares in the last quarter. Goodman Advisory Group LLC purchased a new position in Innodata during the third quarter valued at $52,000. Finally, FNY Investment Advisers LLC lifted its holdings in Innodata by 2,675.0% during the fourth quarter. FNY Investment Advisers LLC now owns 1,030 shares of the technology company’s stock valued at $52,000 after purchasing an additional 1,070 shares in the last quarter. 30.75% of the stock is owned by hedge funds and other institutional investors.

Innodata Stock Performance

NASDAQ:INOD opened at $45.64 on Friday. The company’s 50-day moving average price is $42.73 and its 200-day moving average price is $52.37. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.07. The company has a market cap of $1.49 billion, a P/E ratio of 50.15 and a beta of 2.40. Innodata Inc. has a twelve month low of $31.90 and a twelve month high of $93.85.

Innodata (NASDAQ:INOD) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.34. The firm had revenue of $90.10 million for the quarter, compared to the consensus estimate of $76.47 million. Innodata had a net margin of 12.79% and a return on equity of 35.12%. The company’s revenue for the quarter was up 54.5% on a year-over-year basis. During the same period last year, the firm posted $0.22 earnings per share. On average, sell-side analysts forecast that Innodata Inc. will post 0.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on INOD shares. BWS Financial reaffirmed a “top pick” rating and set a $110.00 price objective on shares of Innodata in a report on Friday, April 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Innodata in a report on Friday, April 10th. Wedbush reaffirmed an “outperform” rating and set a $90.00 price objective on shares of Innodata in a report on Friday, January 30th. Finally, Wall Street Zen raised shares of Innodata from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Innodata presently has a consensus rating of “Moderate Buy” and an average price target of $100.00.

Innodata Company Profile

Innodata Inc (NASDAQ: INOD) is a digital services and technology company that specializes in data engineering and artificial intelligence solutions. Founded in 1988 and headquartered in East Brunswick, New Jersey, the company provides structured content and digital transformation services to publishers, media companies, legal and compliance organizations, and other information-intensive industries. Innodata’s platform enables clients to convert unstructured text, images and multimedia into high‐quality, machine‐readable formats that support search, analytics and AI model training.

The firm’s offerings include content enrichment, metadata management, taxonomy development, digital asset management and data annotation services.