InnerWorkings Inc. (NASDAQ:INWK) – Investment analysts at Feltl & Co. cut their Q4 2016 earnings estimates for shares of InnerWorkings in a research report issued on Wednesday. Feltl & Co. analyst J. Elving now anticipates that the brokerage will post earnings of $0.07 per share for the quarter, down from their prior forecast of $0.08. Feltl & Co. also issued estimates for InnerWorkings’ Q2 2017 earnings at $0.10 EPS and Q3 2017 earnings at $0.14 EPS.

Separately, Zacks Investment Research upgraded InnerWorkings from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Friday.

Earnings History and Estimates for InnerWorkings (NASDAQ:INWK)

Shares of InnerWorkings (NASDAQ:INWK) opened at 9.27 on Thursday. InnerWorkings has a 12 month low of $6.06 and a 12 month high of $10.08. The firm has a 50-day moving average price of $8.91 and a 200 day moving average price of $8.60. The company’s market cap is $496.83 million.

InnerWorkings (NASDAQ:INWK) last announced its quarterly earnings data on Tuesday, November 8th. The company reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.02. InnerWorkings had a positive return on equity of 7.37% and a negative net margin of 3.67%. The firm earned $280 million during the quarter, compared to the consensus estimate of $267.27 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The business’s revenue was up 5.7% on a year-over-year basis.

Several hedge funds have recently added to or reduced their stakes in INWK. Kennedy Capital Management Inc. boosted its stake in InnerWorkings by 27.8% in the first quarter. Kennedy Capital Management Inc. now owns 445,229 shares of the company’s stock valued at $3,540,000 after buying an additional 96,908 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in InnerWorkings by 4.4% in the second quarter. Bank of New York Mellon Corp now owns 227,331 shares of the company’s stock valued at $1,880,000 after buying an additional 9,542 shares in the last quarter. Kalmar Investments Inc. DE boosted its stake in InnerWorkings by 11.8% in the second quarter. Kalmar Investments Inc. DE now owns 670,242 shares of the company’s stock valued at $5,543,000 after buying an additional 70,999 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in InnerWorkings by 0.8% in the second quarter. State Board of Administration of Florida Retirement System now owns 43,157 shares of the company’s stock valued at $357,000 after buying an additional 348 shares in the last quarter. Finally, Aristotle Capital Boston LLC boosted its stake in InnerWorkings by 3.1% in the second quarter. Aristotle Capital Boston LLC now owns 753,356 shares of the company’s stock valued at $6,230,000 after buying an additional 22,763 shares in the last quarter. Hedge funds and other institutional investors own 78.18% of the company’s stock.

In related news, major shareholder Sagard Capital Partners, L.P. sold 6,721,467 shares of the stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $8.25, for a total transaction of $55,452,102.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 18.40% of the company’s stock.

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 operates through three segments: North America, Latin America and EMEA.

5 Day Chart for NASDAQ:INWK

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