Innodata (NASDAQ:INOD) Stock Price Expected to Rise, BWS Financial Analyst Says

Innodata (NASDAQ:INOD - Get Free Report) had its price target hoisted by research analysts at BWS Financial from $30.00 to $45.00 in a report released on Friday,Benzinga reports. The firm currently has a "buy" rating on the technology company's stock. BWS Financial's price objective would indicate a potential upside of 5.31% from the company's previous close.3 Stocks Under $20 for Buy-and-Hold Investors Seeking GrowthA number of other research analysts have also recently weighed in on INOD. Craig Hallum began coverage on shares of Innodata in a research note on Tuesday, September 17th. They set a "buy" rating and a $23.00 price objective for the company. Maxim Group assumed coverage on Innodata in a report on Monday, July 15th. They issued a "buy" rating and a $30.00 price target for the company. Finally, StockNews.com upgraded Innodata to a "sell" rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $32.67.View Our Latest Analysis on INODInnodata Price Performance3 Promising Small-Cap AI Stocks for the Next Market RallyShares of INOD traded up $18.39 on Friday, reaching $42.73. The stock had a trading volume of 9,425,733 shares, compared to its average volume of 657,634. The firm has a 50-day moving average of $17.20 and a 200 day moving average of $15.40. The firm has a market capitalization of $1.24 billion, a PE ratio of 72.42 and a beta of 2.30. Innodata has a twelve month low of $5.46 and a twelve month high of $43.65. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.24. Hedge Funds Weigh In On InnodataHedge funds and other institutional investors have recently bought and sold shares of the stock. nVerses Capital LLC acquired a new position in shares of Innodata during the second quarter worth $27,000. Elkhorn Partners Limited Partnership acquired a new position in Innodata in the 1st quarter worth $94,000. Price T Rowe Associates Inc. MD boosted its position in Innodata by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,348 shares of the technology company's stock valued at $102,000 after buying an additional 982 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Innodata by 11.2% during the first quarter. BNP Paribas Financial Markets now owns 22,208 shares of the technology company's stock valued at $147,000 after acquiring an additional 2,230 shares in the last quarter. Finally, Private Advisor Group LLC increased its position in shares of Innodata by 17.4% during the third quarter. Private Advisor Group LLC now owns 14,907 shares of the technology company's stock worth $250,000 after acquiring an additional 2,207 shares during the last quarter. 30.75% of the stock is owned by institutional investors and hedge funds. Innodata Company Profile (Get Free Report)The 5 best small cap AI companies to buy nowInnodata 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.Featured ArticlesFive stocks we like better than InnodataUsing the MarketBeat Dividend Yield CalculatorDot Ai IPO: CEO Ed Nabrotzky Shares Vision for Logistics FutureHow to buy stock: A step-by-step guide for beginners The Hottest Markets to Watch After the Fed’s 25 Bps Rate CutEV Stocks and How to Profit from Them The Top 5 Performing S&P 500 Stocks YTD in 2024This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ Urgent: This election is rigged (From Porter & Company) (Ad)Should you invest $1,000 in Innodata right now?Before you consider Innodata, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Innodata wasn't on the list.While Innodata currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here