Analysts Set InnerWorkings, Inc. (INWK) Price Target at $10.00

InnerWorkings, Inc. (NASDAQ:INWK) has received an average recommendation of “Hold” from the six research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $10.00.

INWK has been the topic of a number of research reports. Zacks Investment Research downgraded InnerWorkings from a “hold” rating to a “sell” rating in a report on Tuesday, March 12th. ValuEngine upgraded InnerWorkings from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Finally, BidaskClub downgraded InnerWorkings from a “buy” rating to a “hold” rating in a report on Saturday, February 23rd.

In related news, EVP Oren B. Azar bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were acquired at an average cost of $3.90 per share, for a total transaction of $39,000.00. Following the acquisition, the executive vice president now owns 27,402 shares in the company, valued at approximately $106,867.80. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 6.40% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Macquarie Group Ltd. raised its holdings in shares of InnerWorkings by 38.9% during the 4th quarter. Macquarie Group Ltd. now owns 7,140 shares of the business services provider’s stock valued at $27,000 after buying an additional 2,000 shares during the period. Bank of Montreal Can increased its holdings in InnerWorkings by 2,918.9% during the 4th quarter. Bank of Montreal Can now owns 8,936 shares of the business services provider’s stock worth $33,000 after purchasing an additional 8,640 shares during the last quarter. Mackay Shields LLC purchased a new stake in InnerWorkings during the 4th quarter worth approximately $48,000. SG Americas Securities LLC purchased a new stake in InnerWorkings during the 4th quarter worth approximately $49,000. Finally, Jane Street Group LLC purchased a new stake in InnerWorkings during the 4th quarter worth approximately $49,000. Institutional investors and hedge funds own 78.15% of the company’s stock.

Shares of InnerWorkings stock traded down $0.16 during trading hours on Monday, reaching $3.32. The stock had a trading volume of 119,200 shares, compared to its average volume of 206,442. The company has a market cap of $176.15 million, a price-to-earnings ratio of -41.50 and a beta of 1.60. InnerWorkings has a 1 year low of $3.12 and a 1 year high of $10.39.

InnerWorkings (NASDAQ:INWK) last released its quarterly earnings data on Tuesday, March 5th. The business services provider reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.25). The firm had revenue of $294.20 million during the quarter, compared to analysts’ expectations of $297.67 million. InnerWorkings had a negative return on equity of 1.75% and a negative net margin of 6.79%. Analysts expect that InnerWorkings will post 0.22 EPS for the current fiscal year.

About InnerWorkings

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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