InnerWorkings (NASDAQ:INWK) Stock Rating Lowered by BidaskClub

InnerWorkings (NASDAQ:INWK) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, BidAskClub reports.

INWK has been the subject of a number of other reports. Zacks Investment Research lowered shares of InnerWorkings from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 12th. ValuEngine upgraded shares of InnerWorkings from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. InnerWorkings currently has a consensus rating of “Hold” and an average target price of $5.50.

InnerWorkings stock traded up $0.08 during mid-day trading on Tuesday, hitting $4.90. The stock had a trading volume of 1,281 shares, compared to its average volume of 110,246. InnerWorkings has a one year low of $2.58 and a one year high of $5.81. The company has a current ratio of 1.55, a quick ratio of 1.32 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $261.18 million, a P/E ratio of -61.13 and a beta of 1.41. The firm’s 50 day moving average is $5.20 and its 200 day moving average is $4.50.

InnerWorkings (NASDAQ:INWK) last released its quarterly earnings data on Thursday, November 7th. The business services provider reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The business had revenue of $286.53 million during the quarter, compared to the consensus estimate of $294.83 million. InnerWorkings had a positive return on equity of 0.50% and a negative net margin of 3.10%. As a group, equities research analysts forecast that InnerWorkings will post 0.17 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in INWK. Prudential Financial Inc. bought a new stake in InnerWorkings in the 2nd quarter valued at $106,000. Charles Schwab Investment Management Inc. increased its holdings in InnerWorkings by 46.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 501,444 shares of the business services provider’s stock valued at $1,916,000 after acquiring an additional 159,986 shares during the last quarter. Northern Trust Corp increased its holdings in InnerWorkings by 0.9% in the 2nd quarter. Northern Trust Corp now owns 516,074 shares of the business services provider’s stock valued at $1,972,000 after acquiring an additional 4,358 shares during the last quarter. BlackRock Inc. increased its holdings in InnerWorkings by 8.5% in the 2nd quarter. BlackRock Inc. now owns 3,255,258 shares of the business services provider’s stock valued at $12,434,000 after acquiring an additional 256,375 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its holdings in InnerWorkings by 5.1% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,087,591 shares of the business services provider’s stock valued at $4,154,000 after acquiring an additional 53,023 shares during the last quarter. Institutional investors own 81.95% of the company’s stock.

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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