Brokerages Set InnerWorkings, Inc. (INWK) PT at $14.00

InnerWorkings, Inc. (NASDAQ:INWK) has received an average recommendation of “Buy” from the seven analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $14.00.

A number of research firms recently commented on INWK. Lake Street Capital began coverage on shares of InnerWorkings in a report on Monday, October 2nd. They set a “buy” rating and a $14.00 price objective on the stock. Zacks Investment Research raised shares of InnerWorkings from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, Dougherty & Co began coverage on shares of InnerWorkings in a report on Tuesday, October 31st. They set a “buy” rating and a $14.00 price objective on the stock.

InnerWorkings (NASDAQ INWK) traded up $0.12 during mid-day trading on Friday, reaching $10.33. 284,300 shares of the company were exchanged, compared to its average volume of 227,133. The stock has a market capitalization of $552.59, a P/E ratio of 21.72, a P/E/G ratio of 1.56 and a beta of 1.67. InnerWorkings has a 52-week low of $9.08 and a 52-week high of $12.03. The company has a current ratio of 1.86, a quick ratio of 1.63 and a debt-to-equity ratio of 0.51.

InnerWorkings (NASDAQ:INWK) last released its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. The firm had revenue of $288.40 million for the quarter, compared to the consensus estimate of $289.82 million. InnerWorkings had a net margin of 2.04% and a return on equity of 9.53%. The firm’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.11 earnings per share. analysts predict that InnerWorkings will post 0.49 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd acquired a new position in InnerWorkings during the second quarter worth about $550,000. Stifel Financial Corp acquired a new position in InnerWorkings during the second quarter worth about $7,623,000. Vanguard Group Inc. raised its position in InnerWorkings by 4.6% during the second quarter. Vanguard Group Inc. now owns 3,669,795 shares of the business services provider’s stock worth $42,570,000 after acquiring an additional 160,330 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in InnerWorkings by 5.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 149,251 shares of the business services provider’s stock worth $1,487,000 after acquiring an additional 8,379 shares during the last quarter. Finally, Swiss National Bank raised its position in InnerWorkings by 21.6% during the second quarter. Swiss National Bank now owns 82,200 shares of the business services provider’s stock worth $954,000 after acquiring an additional 14,600 shares during the last quarter. Institutional investors own 80.80% of the company’s stock.

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About InnerWorkings

InnerWorkings, Inc is a marketing execution company. 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. The Company’s segments include North America and International.

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