InnerWorkings Inc. (NASDAQ:INWK) – Investment analysts at Barrington Research decreased their FY2017 earnings per share estimates for shares of InnerWorkings in a research report issued on Wednesday. Barrington Research analyst K. Steinke now forecasts that the brokerage will post earnings per share of $0.40 for the year, down from their previous forecast of $0.42.

Separately, Zacks Investment Research upgraded shares of InnerWorkings from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Wednesday, August 17th.

Earnings History and Estimates for InnerWorkings (NASDAQ:INWK)

Shares of InnerWorkings (NASDAQ:INWK) traded up 4.04% during mid-day trading on Friday, hitting $9.27. The stock had a trading volume of 322,728 shares. InnerWorkings has a 1-year low of $6.06 and a 1-year high of $10.08. The stock’s 50-day moving average is $8.91 and its 200 day moving average is $8.60. The firm’s market capitalization is $496.83 million.

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

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in InnerWorkings by 7.0% in the second quarter. Vanguard Group Inc. now owns 2,788,530 shares of the company’s stock valued at $23,060,000 after buying an additional 182,161 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of InnerWorkings by 10.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,920,864 shares of the company’s stock valued at $15,885,000 after buying an additional 177,569 shares during the period. Boston Partners increased its position in shares of InnerWorkings by 76.4% in the third quarter. Boston Partners now owns 1,373,250 shares of the company’s stock valued at $12,936,000 after buying an additional 594,740 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in shares of InnerWorkings by 9.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,270,956 shares of the company’s stock valued at $11,972,000 after buying an additional 114,051 shares during the period. Finally, BlackRock Fund Advisors increased its position in shares of InnerWorkings by 6.8% in the third quarter. BlackRock Fund Advisors now owns 1,069,511 shares of the company’s stock valued at $10,075,000 after buying an additional 67,729 shares during the period. Institutional investors and hedge funds own 78.18% of the company’s stock.

In other InnerWorkings news, major shareholder Sagard Capital Partners, L.P. sold 21,454 shares of the company’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $8.91, for a total transaction of $191,155.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company 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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