InnerWorkings, Inc. (INWK) Receives Consensus Recommendation of “Hold” from Brokerages

InnerWorkings, Inc. (NASDAQ:INWK) has been assigned an average rating of “Hold” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $10.00.

A number of equities analysts have weighed in on the company. Zacks Investment Research upgraded InnerWorkings from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 15th. ValuEngine upgraded InnerWorkings from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. TheStreet lowered InnerWorkings from a “c-” rating to a “d” rating in a research note on Wednesday, November 28th. Finally, BidaskClub lowered InnerWorkings from a “buy” rating to a “hold” rating in a research note on Saturday, February 23rd.

InnerWorkings stock traded down $0.06 during mid-day trading on Thursday, hitting $3.98. 160,458 shares of the company’s stock traded hands, compared to its average volume of 218,285. InnerWorkings has a fifty-two week low of $3.12 and a fifty-two week high of $10.39. The company has a market capitalization of $214.38 million, a price-to-earnings ratio of -49.75 and a beta of 1.65. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.60 and a quick ratio of 1.37.

InnerWorkings (NASDAQ:INWK) last announced its quarterly earnings results on Tuesday, March 5th. The business services provider reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.25). InnerWorkings had a negative net margin of 6.79% and a negative return on equity of 1.64%. As a group, equities analysts anticipate that InnerWorkings will post 0.22 earnings per share for the current fiscal year.

In related news, EVP Oren B. Azar purchased 10,000 shares of InnerWorkings stock in a transaction that occurred on Monday, March 11th. The shares were acquired at an average cost of $3.90 per share, for a total transaction of $39,000.00. Following the transaction, the executive vice president now directly owns 27,402 shares in the company, valued at $106,867.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.40% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Macquarie Group Ltd. grew its holdings in shares of InnerWorkings by 38.9% in the fourth quarter. Macquarie Group Ltd. now owns 7,140 shares of the business services provider’s stock worth $27,000 after acquiring an additional 2,000 shares during the period. Bank of Montreal Can lifted its holdings in InnerWorkings by 2,918.9% during the fourth quarter. Bank of Montreal Can now owns 8,936 shares of the business services provider’s stock worth $33,000 after buying an additional 8,640 shares during the period. Mackay Shields LLC purchased a new stake in InnerWorkings during the fourth quarter worth $48,000. SG Americas Securities LLC purchased a new stake in InnerWorkings during the fourth quarter worth $49,000. Finally, Jane Street Group LLC purchased a new stake in InnerWorkings during the fourth quarter worth $49,000. Institutional investors and hedge funds own 78.89% 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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