Zacks Investment Research upgraded shares of InnerWorkings (NASDAQ:INWK) from a hold rating to a buy rating in a research report report published on Tuesday morning, Zacks.com reports. They currently have $4.00 target price on the business services provider’s stock.
According to Zacks, “InnerWorkings, Inc. is a marketing execution company. Its software applications and databases create an integrated solution which stores, analyzes and tracks the production capabilities of its supplier network as well as detailed pricing data. The company primarily serves retail, financial services, hospitality, consumer packaged goods, non-profits, healthcare, pharmaceuticals, food and beverage, broadcasting and cable and transportation sectors. InnerWorkings, Inc. is based in CHICAGO, United States. “
INWK has been the topic of a number of other research reports. ValuEngine upgraded Valmont Industries from a sell rating to a hold rating in a research report on Friday, July 12th. Barrington Research set a $18.00 target price on Primo Water and gave the company a buy rating in a research report on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $7.00.
InnerWorkings stock traded up $0.01 during midday trading on Tuesday, reaching $3.66. The company’s stock had a trading volume of 71,388 shares, compared to its average volume of 141,043. InnerWorkings has a 52 week low of $3.12 and a 52 week high of $8.93. The firm’s 50-day moving average is $3.77. The firm has a market cap of $189.29 million, a PE ratio of -45.75 and a beta of 1.43.
InnerWorkings (NASDAQ:INWK) last released its earnings results on Thursday, May 9th. The business services provider reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.03. InnerWorkings had a negative return on equity of 1.08% and a negative net margin of 6.91%. The firm had revenue of $267.24 million for the quarter, compared to analysts’ expectations of $271.13 million. On average, equities research analysts anticipate that InnerWorkings will post 0.23 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of INWK. GMT Capital Corp bought a new stake in shares of InnerWorkings during the first quarter valued at approximately $5,100,000. D. E. Shaw & Co. Inc. lifted its position in shares of InnerWorkings by 96.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 802,420 shares of the business services provider’s stock valued at $3,001,000 after buying an additional 393,991 shares during the last quarter. American Century Companies Inc. lifted its position in shares of InnerWorkings by 3.7% during the 4th quarter. American Century Companies Inc. now owns 3,756,089 shares of the business services provider’s stock valued at $14,048,000 after buying an additional 135,111 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in InnerWorkings by 865.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 143,800 shares of the business services provider’s stock worth $521,000 after purchasing an additional 128,900 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in InnerWorkings during the 4th quarter worth about $471,000. 83.57% of the stock is currently 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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