InnerWorkings (NASDAQ:INWK) Cut to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of InnerWorkings (NASDAQ:INWK) from a hold rating to a sell rating in a research note published on Thursday, March 15th.

According to Zacks, “InnerWorkings, Inc. is a marketing execution company. Its software applications and databases create an integrated solution which stores, analyzes and tracks the production capabilities of its supplier network as well as detailed pricing data. The company primarily serves retail, financial services, hospitality, consumer packaged goods, non-profits, healthcare, pharmaceuticals, food and beverage, broadcasting and cable and transportation sectors. InnerWorkings, Inc. is based in CHICAGO, United States. “

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Separately, Lake Street Capital reiterated a buy rating and set a $13.00 price target (down from $14.00) on shares of InnerWorkings in a 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 stock presently has a consensus rating of Hold and an average price target of $13.20.

InnerWorkings stock traded down $0.10 during midday trading on Thursday, reaching $9.39. 250,240 shares of the company’s stock were exchanged, compared to its average volume of 363,000. InnerWorkings has a 52 week low of $8.19 and a 52 week high of $12.03. The stock has a market capitalization of $508.54, a P/E ratio of 22.90, a PEG ratio of 1.23 and a beta of 1.62. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.67 and a current ratio of 1.84.

InnerWorkings (NASDAQ:INWK) last released its quarterly earnings results on Monday, March 12th. The business services provider reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the firm posted $0.12 earnings per share. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. research analysts forecast that InnerWorkings will post 0.57 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Buckingham Asset Management LLC acquired a new position in shares of InnerWorkings during the fourth quarter valued at about $100,000. We Are One Seven LLC acquired a new stake in shares of InnerWorkings in the 4th quarter worth about $144,000. Teacher Retirement System of Texas acquired a new stake in shares of InnerWorkings in the 4th quarter worth about $167,000. Ellington Management Group LLC acquired a new stake in shares of InnerWorkings in the 4th quarter worth about $173,000. Finally, Jefferies Group LLC acquired a new stake in shares of InnerWorkings in the 4th quarter worth about $179,000. Hedge funds and other institutional investors 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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