InnerWorkings, Inc. (INWK) Receives Average Recommendation of “Buy” from Analysts

Shares of InnerWorkings, Inc. (NASDAQ:INWK) have been given a consensus recommendation of “Buy” by the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $13.40.

INWK has been the subject of a number of recent analyst reports. Dougherty & Co initiated coverage on shares of InnerWorkings in a research note on Tuesday, October 31st. They set a “buy” rating and a $14.00 target price for the company. Zacks Investment Research raised shares of InnerWorkings from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Thursday, November 9th.

Shares of InnerWorkings (INWK) traded up $0.12 on Friday, hitting $9.07. 295,800 shares of the stock were exchanged, compared to its average volume of 248,435. The stock has a market capitalization of $499.36, a price-to-earnings ratio of 22.12, a P/E/G ratio of 1.17 and a beta of 1.65. 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 0.51, a current ratio of 1.86 and a quick ratio of 1.63.

InnerWorkings (NASDAQ:INWK) last issued its earnings results on Tuesday, November 7th. The business services provider reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.02. The firm had revenue of $288.40 million during the quarter, compared to analyst estimates of $289.82 million. InnerWorkings had a net margin of 2.04% and a return on equity of 9.53%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.11 earnings per share. equities analysts forecast that InnerWorkings will post 0.49 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in INWK. Schwab Charles Investment Management Inc. raised its holdings in shares of InnerWorkings by 12.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 168,482 shares of the business services provider’s stock valued at $1,955,000 after acquiring an additional 19,231 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of InnerWorkings by 10.4% in the second quarter. Legal & General Group Plc now owns 10,713 shares of the business services provider’s stock valued at $124,000 after acquiring an additional 1,007 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of InnerWorkings by 6.8% in the second quarter. Prudential Financial Inc. now owns 13,593 shares of the business services provider’s stock valued at $158,000 after acquiring an additional 860 shares in the last quarter. Swiss National Bank raised its holdings in shares of InnerWorkings by 21.6% in the second quarter. Swiss National Bank now owns 82,200 shares of the business services provider’s stock valued at $954,000 after acquiring an additional 14,600 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of InnerWorkings by 44.1% in the second quarter. Alliancebernstein L.P. now owns 24,500 shares of the business services provider’s stock valued at $284,000 after acquiring an additional 7,500 shares in the last quarter. Hedge funds and other institutional investors own 76.97% 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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