InnerWorkings, Inc. (NASDAQ:INWK) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 2,183,221 shares, an increase of 30.2% from the February 15th total of 1,676,675 shares. Currently, 4.7% of the company’s stock are sold short. Based on an average daily trading volume, of 264,347 shares, the short-interest ratio is currently 8.3 days.
Shares of InnerWorkings (NASDAQ INWK) opened at $9.13 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.86 and a quick ratio of 1.63. The company has a market cap of $502.66, a PE ratio of 22.27, a price-to-earnings-growth ratio of 1.20 and a beta of 1.65. InnerWorkings has a one year low of $8.19 and a one year high of $12.03.
InnerWorkings (NASDAQ:INWK) last posted its quarterly earnings data on Monday, March 12th. The business services provider reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.08). InnerWorkings had a net margin of 2.04% and a return on equity of 9.53%. The firm had revenue of $301.00 million during the quarter, compared to analysts’ expectations of $304.90 million. During the same quarter last year, the business posted $0.12 EPS. The company’s quarterly revenue was up 11.3% on a year-over-year basis. equities research analysts forecast that InnerWorkings will post 0.48 earnings per share for the current year.
Several hedge funds have recently modified their holdings of the company. Voya Investment Management LLC increased its stake in shares of InnerWorkings by 10.9% during the 2nd quarter. Voya Investment Management LLC now owns 26,905 shares of the business services provider’s stock worth $312,000 after purchasing an additional 2,647 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of InnerWorkings by 5.9% during the 2nd quarter. California State Teachers Retirement System now owns 80,184 shares of the business services provider’s stock worth $930,000 after purchasing an additional 4,500 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of InnerWorkings by 19.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 38,049 shares of the business services provider’s stock worth $441,000 after purchasing an additional 6,184 shares during the last quarter. First Trust Advisors LP increased its stake in shares of InnerWorkings by 21.7% during the 3rd quarter. First Trust Advisors LP now owns 36,599 shares of the business services provider’s stock worth $412,000 after purchasing an additional 6,532 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of InnerWorkings by 6.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 113,101 shares of the business services provider’s stock worth $1,135,000 after purchasing an additional 6,881 shares during the last quarter. Institutional investors own 81.13% of the company’s stock.
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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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