InnerWorkings Inc. (NASDAQ:INWK) – Equities research analysts at William Blair lowered their Q4 2016 earnings per share estimates for InnerWorkings in a research note issued to investors on Wednesday. William Blair analyst N. Brochmann now forecasts that the firm will post earnings of $0.05 per share for the quarter, down from their previous estimate of $0.09. William Blair also issued estimates for InnerWorkings’ FY2017 earnings at $0.44 EPS.

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

Earnings History and Estimates for InnerWorkings (NASDAQ:INWK)

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

InnerWorkings (NASDAQ:INWK) opened at 9.27 on Thursday. The company’s 50-day moving average is $8.91 and its 200 day moving average is $8.60. The company’s market capitalization is $496.83 million. InnerWorkings has a one year low of $6.06 and a one year high of $10.08.

In other InnerWorkings news, major shareholder Sagard Capital Partners, L.P. sold 21,454 shares of the company’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $8.91, for a total value of $191,155.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 18.40% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. increased its position in InnerWorkings by 2.3% in the third quarter. Sei Investments Co. now owns 10,978 shares of the company’s stock valued at $103,000 after buying an additional 248 shares during the period. Rhumbline Advisers increased its position in InnerWorkings by 0.8% in the third quarter. Rhumbline Advisers now owns 45,581 shares of the company’s stock valued at $429,000 after buying an additional 340 shares during the period. State Board of Administration of Florida Retirement System increased its position 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 during the period. BlackRock Inc. increased its position in InnerWorkings by 2.0% in the third quarter. BlackRock Inc. now owns 19,134 shares of the company’s stock valued at $180,000 after buying an additional 373 shares during the period. Finally, American International Group Inc. increased its position in InnerWorkings by 1.7% in the second quarter. American International Group Inc. now owns 22,123 shares of the company’s stock valued at $183,000 after buying an additional 380 shares during the period. Hedge funds and other institutional investors own 78.18% of the company’s stock.

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

5 Day Chart for NASDAQ:INWK

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