Weekly Research Analysts’ Ratings Updates for InnerWorkings (INWK)

Several analysts have recently updated their ratings and price targets for InnerWorkings (NASDAQ: INWK):

  • 8/15/2019 – InnerWorkings was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 8/14/2019 – InnerWorkings was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $5.00 price target on the 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. “
  • 8/10/2019 – InnerWorkings was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 8/9/2019 – InnerWorkings was upgraded by analysts at Barrington Research from a “market perform” rating to an “outperform” rating.
  • 8/9/2019 – InnerWorkings was upgraded by analysts at Craig Hallum from a “hold” rating to a “buy” rating. They now have a $6.00 price target on the stock.
  • 8/2/2019 – InnerWorkings was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 8/1/2019 – InnerWorkings was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 7/16/2019 – InnerWorkings was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $4.00 price target on the 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. “
  • 7/12/2019 – InnerWorkings was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 6/26/2019 – InnerWorkings had its “hold” rating reaffirmed by analysts at Barrington Research.

INWK traded up $0.04 during trading on Tuesday, reaching $4.51. The company’s stock had a trading volume of 124,756 shares, compared to its average volume of 329,106. InnerWorkings, Inc. has a 52-week low of $2.58 and a 52-week high of $8.12. The company’s fifty day moving average price is $3.77 and its 200-day moving average price is $3.93. The company has a market capitalization of $221.27 million, a price-to-earnings ratio of -56.31 and a beta of 1.43.

InnerWorkings (NASDAQ:INWK) last announced its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.01. InnerWorkings had a positive return on equity of 0.15% and a negative net margin of 6.97%. The company had revenue of $284.05 million for the quarter, compared to analyst estimates of $286.25 million. As a group, research analysts anticipate that InnerWorkings, Inc. will post 0.23 EPS for the current year.

Several hedge funds have recently bought and sold shares of the company. Macquarie Group Ltd. lifted its position 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 acquiring an additional 2,000 shares during the period. Northern Trust Corp lifted its position in shares of InnerWorkings by 0.6% during the 4th quarter. Northern Trust Corp now owns 542,018 shares of the business services provider’s stock valued at $2,027,000 after acquiring an additional 2,972 shares during the period. BNP Paribas Arbitrage SA lifted its position in shares of InnerWorkings by 126.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 9,320 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 5,209 shares during the period. SG Americas Securities LLC lifted its position in shares of InnerWorkings by 50.3% during the 1st quarter. SG Americas Securities LLC now owns 19,543 shares of the business services provider’s stock valued at $71,000 after acquiring an additional 6,541 shares during the period. Finally, Walleye Trading Advisors LLC lifted its position in shares of InnerWorkings by 53.2% during the 2nd quarter. Walleye Trading Advisors LLC now owns 26,495 shares of the business services provider’s stock valued at $101,000 after acquiring an additional 9,200 shares during the period. Institutional investors own 84.12% of the company’s stock.

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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