Shares of InnerWorkings, Inc. (NASDAQ:INWK) have received a consensus recommendation of “Hold” from the seven brokerages that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $13.75.
A number of equities research analysts have recently issued reports on the company. BidaskClub upgraded InnerWorkings from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine lowered InnerWorkings from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Zacks Investment Research lowered InnerWorkings from a “hold” rating to a “sell” rating in a research note on Thursday, March 15th. Finally, Lake Street Capital reiterated a “buy” rating and issued a $13.00 target price (down previously from $14.00) on shares of InnerWorkings in a research note on Tuesday, March 13th.
INWK stock opened at $10.10 on Friday. The company has a quick ratio of 1.67, a current ratio of 1.84 and a debt-to-equity ratio of 0.44. InnerWorkings has a 1 year low of $8.19 and a 1 year high of $12.03. The stock has a market capitalization of $533.19, a PE ratio of 24.63, a P/E/G ratio of 1.29 and a beta of 1.62.
InnerWorkings (NASDAQ:INWK) last posted its earnings results on Monday, March 12th. The business services provider reported $0.06 earnings per share (EPS) 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 company had revenue of $301.00 million during the quarter, compared to analyst estimates of $304.90 million. During the same quarter last year, the business posted $0.12 EPS. InnerWorkings’s quarterly revenue was up 11.3% compared to the same quarter last year. equities analysts predict that InnerWorkings will post 0.57 earnings per share for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of INWK. Buckingham Asset Management LLC purchased a new position in InnerWorkings in the fourth quarter valued at about $100,000. We Are One Seven LLC purchased a new position in InnerWorkings in the fourth quarter valued at about $144,000. Teacher Retirement System of Texas purchased a new position in InnerWorkings in the fourth quarter valued at about $167,000. Ellington Management Group LLC purchased a new position in InnerWorkings in the fourth quarter valued at about $173,000. Finally, Jefferies Group LLC purchased a new position in InnerWorkings in the fourth quarter valued at about $179,000. 81.91% of the stock is owned by hedge funds and other institutional investors.
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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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