InnerWorkings (NASDAQ:INWK) posted its earnings results on Thursday. The business services provider reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.03), Fidelity Earnings reports. InnerWorkings had a positive return on equity of 0.15% and a negative net margin of 6.97%. The firm had revenue of $286.53 million for the quarter, compared to analysts’ expectations of $294.83 million.
Shares of INWK stock traded down $0.45 during mid-day trading on Friday, hitting $4.98. 193,600 shares of the stock were exchanged, compared to its average volume of 188,837. The firm has a fifty day moving average of $4.64 and a 200 day moving average of $4.03. The company has a market cap of $289.83 million, a PE ratio of -62.25 and a beta of 1.33. InnerWorkings has a 52-week low of $2.58 and a 52-week high of $5.69.
Several equities research analysts have recently issued reports on the stock. ValuEngine raised shares of InnerWorkings from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 1st. Barrington Research raised shares of InnerWorkings from a “market perform” rating to an “outperform” rating in a research note on Friday, August 9th. Craig Hallum raised shares of InnerWorkings from a “hold” rating to a “buy” rating and set a $6.00 target price on the stock in a research note on Friday, August 9th. BidaskClub lowered shares of InnerWorkings from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Zacks Investment Research lowered shares of InnerWorkings from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. InnerWorkings has a consensus rating of “Buy” and an average target price of $5.50.
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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