Shares of InnerWorkings, Inc. (NASDAQ:INWK) have received a consensus recommendation of “Hold” from the six analysts that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $14.00.
INWK has been the topic of several research reports. BidaskClub raised shares of InnerWorkings from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 7th. ValuEngine upgraded shares of InnerWorkings from a “sell” rating to a “hold” rating in a report on Saturday, April 21st. Zacks Investment Research cut shares of 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 issued a $13.00 target price (down previously from $14.00) on shares of InnerWorkings in a report on Tuesday, March 13th.
Several institutional investors have recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of InnerWorkings by 87.4% in 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 purchasing an additional 173,233 shares during the last quarter. HCSF Management LLC grew its holdings in InnerWorkings by 25.1% in the first quarter. HCSF Management LLC now owns 1,571,047 shares of the business services provider’s stock valued at $14,218,000 after purchasing an additional 315,047 shares during the period. Engine Capital Management LLC acquired a new stake in InnerWorkings in the first quarter valued at approximately $4,152,000. Cardinal Capital Management LLC CT grew its holdings in InnerWorkings by 17.6% in the first quarter. Cardinal Capital Management LLC CT now owns 2,513,959 shares of the business services provider’s stock valued at $22,752,000 after purchasing an additional 375,557 shares during the period. Finally, Carillon Tower Advisers Inc. acquired a new stake in InnerWorkings in the first quarter valued at approximately $23,981,000. Hedge funds and other institutional investors own 83.89% of the company’s stock.
Shares of InnerWorkings traded up $0.02, hitting $8.75, during trading hours on Friday, MarketBeat.com reports. 263,600 shares of the company’s stock were exchanged, compared to its average volume of 273,993. The company has a market capitalization of $487.30 million, a PE ratio of 21.32, a price-to-earnings-growth ratio of 1.19 and a beta of 1.61. 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 quick ratio of 1.67 and a current ratio of 1.84.
InnerWorkings (NASDAQ:INWK) last posted its quarterly earnings results on Monday, March 12th. The business services provider reported $0.06 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.08). The business had revenue of $301.00 million for the quarter, compared to analysts’ expectations of $304.90 million. InnerWorkings had a return on equity of 8.01% and a net margin of 1.67%. The company’s revenue was up 11.3% compared to the same quarter last year. During the same period last year, the business posted $0.12 earnings per share. research analysts predict that InnerWorkings will post 0.57 EPS for the current year.
InnerWorkings Company Profile
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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