Shares of InnerWorkings (NASDAQ:INWK) have been given an average recommendation of “Hold” by the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $14.00.
A number of equities analysts have recently commented on the stock. 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 report on Tuesday, March 13th. BidaskClub lowered shares of InnerWorkings from a “sell” rating to a “strong sell” rating in a report on Wednesday. Zacks Investment Research lowered shares of InnerWorkings from a “hold” rating to a “sell” rating in a report on Thursday, March 15th. Finally, ValuEngine cut shares of InnerWorkings from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd.
Shares of InnerWorkings opened at $8.80 on Tuesday, Marketbeat Ratings reports. The firm has a market capitalization of $473.41 million, a PE ratio of 21.46, a P/E/G ratio of 1.15 and a beta of 1.67. InnerWorkings has a one year low of $8.82 and a one year high of $8.91. 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 issued its quarterly earnings results on Monday, March 12th. The business services provider reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.08). The company had revenue of $301.00 million during the quarter, compared to the consensus estimate of $304.90 million. InnerWorkings had a return on equity of 8.01% and a net margin of 1.67%. InnerWorkings’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.12 EPS. research analysts expect that InnerWorkings will post 0.57 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in INWK. Buckingham Asset Management LLC purchased a new stake in InnerWorkings during the 4th quarter valued at $100,000. We Are One Seven LLC purchased a new stake in InnerWorkings during the 4th quarter valued at $144,000. Teacher Retirement System of Texas purchased a new stake in InnerWorkings during the 4th quarter valued at $167,000. Ellington Management Group LLC purchased a new stake in InnerWorkings during the 4th quarter valued at $173,000. Finally, Jefferies Group LLC purchased a new stake in InnerWorkings during the 4th quarter valued at $179,000. 82.71% of the stock is owned by institutional investors.
InnerWorkings, Inc provides marketing execution solutions in North America and internationally. 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.
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