InnerWorkings, Inc. (NASDAQ:INWK) – Stock analysts at William Blair cut their Q1 2018 earnings per share (EPS) estimates for shares of InnerWorkings in a research report issued to clients and investors on Monday. William Blair analyst T. Mulrooney now forecasts that the business services provider will post earnings of $0.10 per share for the quarter, down from their previous forecast of $0.11. William Blair also issued estimates for InnerWorkings’ Q2 2018 earnings at $0.13 EPS, Q3 2018 earnings at $0.17 EPS, Q4 2018 earnings at $0.19 EPS and FY2019 earnings at $0.67 EPS.
Separately, Zacks Investment Research raised InnerWorkings from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Thursday, November 9th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. InnerWorkings currently has a consensus rating of “Buy” and an average target price of $13.40.
Large investors have recently added to or reduced their stakes in the business. We Are One Seven LLC acquired a new stake in shares of InnerWorkings during the fourth quarter worth about $144,000. MetLife Investment Advisors LLC acquired a new stake in shares of InnerWorkings during the fourth quarter worth about $188,000. Municipal Employees Retirement System of Michigan acquired a new stake in shares of InnerWorkings during the fourth quarter worth about $795,000. Millennium Management LLC acquired a new stake in shares of InnerWorkings during the fourth quarter worth about $3,857,000. Finally, Raymond James & Associates acquired a new stake in shares of InnerWorkings during the fourth quarter worth about $411,000. 77.15% of the stock is currently owned by hedge funds and other institutional investors.
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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