InnerWorkings, Inc. (NASDAQ:INWK) Director Jack M. Greenberg acquired 85,000 shares of the stock in a transaction dated Friday, March 20th. The shares were bought at an average price of $1.14 per share, with a total value of $96,900.00. Following the completion of the transaction, the director now directly owns 311,871 shares of the company’s stock, valued at $355,532.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
NASDAQ INWK opened at $1.23 on Thursday. The business has a 50 day simple moving average of $3.05 and a 200 day simple moving average of $4.32. InnerWorkings, Inc. has a one year low of $0.87 and a one year high of $5.81. The stock has a market capitalization of $69.35 million, a P/E ratio of 11.08 and a beta of 1.32. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.52 and a quick ratio of 1.38.
InnerWorkings (NASDAQ:INWK) last released its 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 positive return on equity of 3.49% and a negative net margin of 1.06%. The business had revenue of $319.07 million for the quarter, compared to analyst estimates of $299.79 million.
INWK has been the subject of a number of analyst reports. BidaskClub downgraded InnerWorkings from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Zacks Investment Research raised InnerWorkings from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, ValuEngine raised InnerWorkings from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $5.50.
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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