InnerWorkings, Inc. (NASDAQ:INWK) CAO John Bosshart Acquires 12,000 Shares

InnerWorkings, Inc. (NASDAQ:INWK) CAO John Bosshart acquired 12,000 shares of InnerWorkings stock in a transaction dated Wednesday, March 25th. The shares were bought at an average price of $1.23 per share, with a total value of $14,760.00.

INWK stock traded up $0.02 on Thursday, hitting $1.25. The company’s stock had a trading volume of 6,423 shares, compared to its average volume of 214,453. The firm has a 50 day moving average of $3.05 and a two-hundred day moving average of $4.32. InnerWorkings, Inc. has a 1 year low of $0.87 and a 1 year high of $5.81. The stock has a market cap of $69.35 million, a price-to-earnings ratio of -5.39 and a beta of 1.32. The company has a current ratio of 1.52, a quick ratio of 1.38 and a debt-to-equity ratio of 0.84.

InnerWorkings (NASDAQ:INWK) last released its quarterly earnings results on Monday, March 16th. The business services provider reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.05). InnerWorkings had a negative net margin of 1.06% and a positive return on equity of 3.49%. The business had revenue of $319.07 million during the quarter, compared to analysts’ expectations of $299.79 million.

Several analysts have recently weighed in on the stock. BidaskClub downgraded shares of InnerWorkings from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Zacks Investment Research upgraded shares of InnerWorkings from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, ValuEngine upgraded shares of InnerWorkings from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. InnerWorkings currently has an average rating of “Hold” and an average target price of $5.50.

A number of hedge funds have recently added to or reduced their stakes in the stock. Kennedy Capital Management Inc. raised its position in InnerWorkings by 20.7% in the 4th quarter. Kennedy Capital Management Inc. now owns 725,383 shares of the business services provider’s stock valued at $3,997,000 after purchasing an additional 124,583 shares during the last quarter. Geode Capital Management LLC increased its stake in InnerWorkings by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 615,537 shares of the business services provider’s stock valued at $3,391,000 after buying an additional 17,454 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in InnerWorkings in the 4th quarter valued at $213,000. ArrowMark Colorado Holdings LLC increased its stake in InnerWorkings by 17.0% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 9,023,423 shares of the business services provider’s stock valued at $49,719,000 after buying an additional 1,311,718 shares during the period. Finally, UBS Group AG increased its stake in InnerWorkings by 43.8% in the 4th quarter. UBS Group AG now owns 59,596 shares of the business services provider’s stock valued at $328,000 after buying an additional 18,165 shares during the period. Hedge funds and other institutional investors own 82.90% of the company’s stock.

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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