InnerWorkings (INWK) Lowered to Sell at ValuEngine

ValuEngine downgraded shares of InnerWorkings (NASDAQ:INWK) from a hold rating to a sell rating in a report published on Monday morning.

A number of other brokerages have also weighed in on INWK. Zacks Investment Research upgraded shares of InnerWorkings from a hold rating to a buy rating and set a $11.00 target price for the company in a research report on Friday, January 12th. Lake Street Capital restated a buy rating and set a $13.00 target price (down previously from $14.00) on shares of InnerWorkings in a research report on Tuesday, March 13th. Three investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $13.20.

How to Become a New Pot Stock Millionaire

INWK opened at $9.49 on Monday. The company has a market capitalization of $494.07, a price-to-earnings ratio of 22.49, a PEG ratio of 1.20 and a beta of 1.62. InnerWorkings has a 1-year low of $8.19 and a 1-year high of $12.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.84 and a quick ratio of 1.67.

InnerWorkings (NASDAQ:INWK) last posted its quarterly earnings results on Monday, March 12th. The business services provider reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 during the quarter, compared to the consensus estimate of $304.90 million. During the same quarter in the previous year, the company earned $0.12 earnings per share. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. equities research analysts anticipate that InnerWorkings will post 0.57 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the stock. First Trust Advisors LP raised its stake in InnerWorkings by 21.7% during the third quarter. First Trust Advisors LP now owns 36,599 shares of the business services provider’s stock valued at $412,000 after purchasing an additional 6,532 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in InnerWorkings by 6.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 113,101 shares of the business services provider’s stock valued at $1,135,000 after purchasing an additional 6,881 shares in the last quarter. Bank of New York Mellon Corp raised its stake in InnerWorkings by 3.8% during the third quarter. Bank of New York Mellon Corp now owns 196,258 shares of the business services provider’s stock valued at $2,207,000 after purchasing an additional 7,213 shares in the last quarter. Citadel Advisors LLC raised its stake in InnerWorkings by 61.6% during the third quarter. Citadel Advisors LLC now owns 21,276 shares of the business services provider’s stock valued at $239,000 after purchasing an additional 8,112 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in InnerWorkings by 5.1% during the third quarter. Schwab Charles Investment Management Inc. now owns 177,046 shares of the business services provider’s stock valued at $1,992,000 after purchasing an additional 8,564 shares in the last quarter. Hedge funds and other institutional investors own 81.86% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “InnerWorkings (INWK) Lowered to Sell at ValuEngine” was first reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3334312/innerworkings-inwk-lowered-to-sell-at-valuengine.html.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for InnerWorkings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InnerWorkings and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

$0.49 EPS Expected for CBRE Group  This Quarter
$0.49 EPS Expected for CBRE Group This Quarter
Zacks: Brokerages Anticipate Hudson  Will Announce Earnings of $0.03 Per Share
Zacks: Brokerages Anticipate Hudson Will Announce Earnings of $0.03 Per Share
Extended Stay America  Stock Rating Reaffirmed by Robert W. Baird
Extended Stay America Stock Rating Reaffirmed by Robert W. Baird
Zacks Investment Research Downgrades Incyte  to Hold
Zacks Investment Research Downgrades Incyte to Hold
Zacks Investment Research Downgrades Tata Motors  to Sell
Zacks Investment Research Downgrades Tata Motors to Sell
RBB Bancorp  to Issue Quarterly Dividend of $0.09
RBB Bancorp to Issue Quarterly Dividend of $0.09


© 2006-2018 Ticker Report. Google+.