BidaskClub Upgrades InnerWorkings (INWK) to “Hold”

InnerWorkings (NASDAQ:INWK) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

Several other equities analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of InnerWorkings from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Friday, January 12th. Lake Street Capital reiterated a “buy” rating and set a $13.00 target price (down from $14.00) on shares of InnerWorkings in a report on Tuesday, March 13th. Finally, ValuEngine lowered shares of InnerWorkings from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. InnerWorkings has a consensus rating of “Hold” and an average price target of $13.20.

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INWK stock opened at $9.95 on Wednesday. InnerWorkings has a 52-week low of $8.19 and a 52-week high of $12.03. The company has a market cap of $519.79, a PE ratio of 24.27, a price-to-earnings-growth ratio of 1.26 and a beta of 1.62. The company has a quick ratio of 1.67, a current ratio of 1.84 and a debt-to-equity ratio of 0.44.

InnerWorkings (NASDAQ:INWK) last released its earnings results on Monday, March 12th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.08). InnerWorkings had a net margin of 1.67% and a return on equity of 8.01%. The business had revenue of $301.00 million for the quarter, compared to analysts’ expectations of $304.90 million. During the same quarter in the previous year, the business posted $0.12 earnings per share. InnerWorkings’s revenue for the quarter was up 11.3% on a year-over-year basis. sell-side analysts predict that InnerWorkings will post 0.57 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Buckingham Asset Management LLC bought a new stake in shares of InnerWorkings during the fourth quarter valued at approximately $100,000. We Are One Seven LLC bought a new stake in shares of InnerWorkings during the fourth quarter valued at approximately $144,000. Teacher Retirement System of Texas bought a new stake in shares of InnerWorkings during the fourth quarter valued at approximately $167,000. Ellington Management Group LLC bought a new stake in shares of InnerWorkings during the fourth quarter valued at approximately $173,000. Finally, Jefferies Group LLC bought a new stake in shares of InnerWorkings during the fourth quarter valued at approximately $179,000. 81.91% of the stock is owned by institutional investors.

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InnerWorkings Company Profile

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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