BidaskClub Upgrades InnerWorkings (INWK) to Sell

InnerWorkings (NASDAQ:INWK) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Saturday.

Several other analysts also recently issued reports on the stock. ValuEngine downgraded shares of InnerWorkings from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Zacks Investment Research downgraded shares of InnerWorkings from a “hold” rating to a “sell” rating in a research report on Thursday, March 15th. Finally, Lake Street Capital reissued a “buy” rating and issued a $13.00 price target (down previously from $14.00) on shares of InnerWorkings in a research report on Tuesday, March 13th. Three equities research analysts have rated the stock with a sell rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $13.20.

NASDAQ INWK opened at $9.39 on Friday. InnerWorkings has a 12-month low of $8.19 and a 12-month high of $12.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.84 and a quick ratio of 1.67. The firm has a market capitalization of $494.07, a P/E ratio of 22.90, a price-to-earnings-growth ratio of 1.20 and a beta of 1.62.

InnerWorkings (NASDAQ:INWK) last posted its quarterly earnings results on Monday, March 12th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.08). InnerWorkings had a net margin of 1.67% and a return on equity of 8.01%. The business had revenue of $301.00 million during the quarter, compared to analyst estimates of $304.90 million. During the same period in the previous year, the business posted $0.12 EPS. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. sell-side analysts expect that InnerWorkings will post 0.57 earnings per share for the current year.

A number of large investors have recently modified their holdings of the business. First Trust Advisors LP lifted its stake in InnerWorkings by 21.7% during the 3rd quarter. First Trust Advisors LP now owns 36,599 shares of the business services provider’s stock valued at $412,000 after acquiring an additional 6,532 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in InnerWorkings by 6.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 113,101 shares of the business services provider’s stock valued at $1,135,000 after acquiring an additional 6,881 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in InnerWorkings by 3.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 196,258 shares of the business services provider’s stock valued at $2,207,000 after acquiring an additional 7,213 shares in the last quarter. Citadel Advisors LLC lifted its stake in InnerWorkings by 61.6% during the 3rd quarter. Citadel Advisors LLC now owns 21,276 shares of the business services provider’s stock valued at $239,000 after acquiring an additional 8,112 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in InnerWorkings by 5.1% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 177,046 shares of the business services provider’s stock valued at $1,992,000 after acquiring an additional 8,564 shares in the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

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InnerWorkings Company Profile

InnerWorkings, Inc is a marketing execution company. The Company’s software applications and databases create an integrated solution that stores, analyzes and tracks the production capabilities of its supplier network, as well as detailed pricing data. The Company’s segments include North America and International.

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