InnerWorkings (INWK) Raised to “Hold” at BidaskClub

BidaskClub upgraded shares of InnerWorkings (NASDAQ:INWK) from a sell rating to a hold rating in a research note released on Wednesday morning.

INWK has been the subject of a number of other research reports. ValuEngine upgraded InnerWorkings from a sell rating to a hold rating in a report on Saturday, April 21st. Zacks Investment Research cut InnerWorkings from a hold rating to a sell rating in a report on Thursday, March 15th. Finally, Lake Street Capital restated a buy rating and set a $13.00 price objective (down previously from $14.00) on shares of InnerWorkings in a report on Tuesday, March 13th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $13.25.

Shares of NASDAQ INWK opened at $8.69 on Wednesday. The company has a market cap of $463.26 million, a price-to-earnings ratio of 21.20, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61. 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 has a twelve month low of $8.19 and a twelve month high of $12.03.

Several large investors have recently modified their holdings of the company. Brown Advisory Inc. boosted its holdings in shares of InnerWorkings by 67.3% during the first quarter. Brown Advisory Inc. now owns 43,563 shares of the business services provider’s stock worth $394,000 after acquiring an additional 17,529 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of InnerWorkings by 87.4% during the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 371,479 shares of the business services provider’s stock worth $3,362,000 after acquiring an additional 173,233 shares during the period. HCSF Management LLC boosted its holdings in shares of InnerWorkings by 25.1% during the first quarter. HCSF Management LLC now owns 1,571,047 shares of the business services provider’s stock worth $14,218,000 after acquiring an additional 315,047 shares during the period. Engine Capital Management LLC bought a new stake in shares of InnerWorkings during the first quarter worth approximately $4,152,000. Finally, Cardinal Capital Management LLC CT boosted its holdings in shares of InnerWorkings by 17.6% during the first quarter. Cardinal Capital Management LLC CT now owns 2,513,959 shares of the business services provider’s stock worth $22,752,000 after acquiring an additional 375,557 shares during the period. Institutional investors own 83.89% of the company’s stock.

About InnerWorkings

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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