BidaskClub Downgrades InnerWorkings (INWK) to Strong Sell

InnerWorkings (NASDAQ:INWK) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Wednesday.

A number of other research analysts have also weighed in on the stock. ValuEngine lowered shares of InnerWorkings from a “sell” rating to a “strong sell” rating in a report on Monday. Zacks Investment Research lowered shares of InnerWorkings from a “hold” rating to a “sell” rating in a report on Thursday, March 15th. Finally, Lake Street Capital reissued a “buy” rating and issued a $13.00 target price (down from $14.00) on shares of InnerWorkings in a report on Tuesday, March 13th. Three analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $13.25.

InnerWorkings opened at $8.80 on Wednesday, Marketbeat reports. InnerWorkings has a fifty-two week low of $8.82 and a fifty-two week high of $8.91. The company has a quick ratio of 1.67, a current ratio of 1.84 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $466.46 million, a P/E ratio of 21.46, a price-to-earnings-growth ratio of 1.13 and a beta of 1.67.

InnerWorkings (NASDAQ:INWK) last posted its earnings results on Monday, March 12th. The business services provider reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.08). InnerWorkings had a net margin of 1.67% and a return on equity of 8.01%. The business had revenue of $301.00 million during the quarter, compared to analysts’ expectations of $304.90 million. During the same period last year, the business posted $0.12 earnings per share. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. analysts predict that InnerWorkings will post 0.57 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of INWK. ArrowMark Colorado Holdings LLC boosted its stake in InnerWorkings by 40.8% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 4,105,898 shares of the business services provider’s stock worth $41,182,000 after buying an additional 1,189,560 shares during the period. American Century Companies Inc. boosted its stake in InnerWorkings by 53.6% during the fourth quarter. American Century Companies Inc. now owns 2,115,965 shares of the business services provider’s stock worth $21,223,000 after buying an additional 738,351 shares during the period. Engine Capital Management LLC purchased a new position in InnerWorkings during the first quarter worth $4,152,000. Millennium Management LLC purchased a new position in InnerWorkings during the fourth quarter worth $3,857,000. Finally, Cardinal Capital Management LLC CT boosted its stake in InnerWorkings by 17.6% during the first quarter. Cardinal Capital Management LLC CT now owns 2,513,959 shares of the business services provider’s stock worth $22,752,000 after buying an additional 375,557 shares during the period. 82.71% of the stock is owned by institutional investors.

InnerWorkings Company Profile

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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