InnerWorkings, Inc. (INWK) Given Average Rating of “Hold” by Brokerages

InnerWorkings, Inc. (NASDAQ:INWK) has earned a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and four have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $13.75.

A number of research analysts have commented on INWK shares. Lake Street Capital reaffirmed a “buy” rating and set a $13.00 target price (down previously from $14.00) on shares of InnerWorkings in a report on Tuesday, March 13th. Zacks Investment Research raised InnerWorkings from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Friday, January 12th.

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InnerWorkings (NASDAQ INWK) opened at $8.80 on Monday. The company has a current ratio of 1.84, a quick ratio of 1.67 and a debt-to-equity ratio of 0.44. InnerWorkings has a 1-year low of $8.19 and a 1-year high of $12.03. The company has a market capitalization of $471.56, a P/E ratio of 21.46, a price-to-earnings-growth ratio of 1.14 and a beta of 1.65.

InnerWorkings (NASDAQ:INWK) last released its earnings results on Monday, March 12th. The business services provider reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.08). InnerWorkings had a return on equity of 8.01% and a net margin of 1.67%. The firm had revenue of $301.00 million for the quarter, compared to the consensus estimate of $304.90 million. During the same period in the prior year, the business earned $0.12 EPS. The company’s quarterly revenue was up 11.3% on a year-over-year basis. sell-side analysts expect that InnerWorkings will post 0.57 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the company. Buckingham Asset Management LLC acquired a new stake in shares of InnerWorkings during the 4th quarter worth approximately $100,000. We Are One Seven LLC acquired a new stake in shares of InnerWorkings during the 4th quarter worth approximately $144,000. Teacher Retirement System of Texas acquired a new stake in shares of InnerWorkings during the 4th quarter worth approximately $167,000. Ellington Management Group LLC acquired a new stake in shares of InnerWorkings during the 4th quarter worth approximately $173,000. Finally, Jefferies Group LLC acquired a new stake in shares of InnerWorkings during the 4th quarter worth approximately $179,000. Institutional investors and hedge funds own 81.86% of the company’s stock.

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About InnerWorkings

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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