Brokerages Set InnerWorkings, Inc. (INWK) Price Target at $10.00
Shares of InnerWorkings, Inc. (NASDAQ:INWK) have been given a consensus recommendation of “Hold” by the six brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $10.00.
A number of analysts have recently commented on INWK shares. Zacks Investment Research raised InnerWorkings from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 15th. BidaskClub downgraded InnerWorkings from a “buy” rating to a “hold” rating in a research note on Saturday, February 23rd. Finally, ValuEngine raised InnerWorkings from a “sell” rating to a “hold” rating in a research note on Monday, February 4th.
In other news, EVP Oren B. Azar acquired 10,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were bought at an average price of $3.90 per share, with a total value of $39,000.00. Following the purchase, the executive vice president now owns 27,402 shares of the company’s stock, valued at $106,867.80. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.40% of the stock is currently owned by insiders.
Shares of INWK traded down $0.16 during midday trading on Monday, reaching $3.32. The stock had a trading volume of 119,200 shares, compared to its average volume of 206,442. InnerWorkings has a 52 week low of $3.12 and a 52 week high of $10.39. The company has a market capitalization of $176.15 million, a PE ratio of -41.50 and a beta of 1.60.
InnerWorkings (NASDAQ:INWK) last posted its quarterly earnings data on Tuesday, March 5th. The business services provider reported ($0.11) EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.25). InnerWorkings had a negative return on equity of 1.75% and a negative net margin of 6.79%. The firm had revenue of $294.20 million during the quarter, compared to the consensus estimate of $297.67 million. Research analysts expect that InnerWorkings will post 0.22 earnings per share for the current fiscal year.
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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