Shares of InnerWorkings, Inc. (NASDAQ:INWK) have been assigned a consensus rating of “Hold” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $10.00.

Several equities research analysts have weighed in on the stock. BidaskClub upgraded shares of InnerWorkings from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. TheStreet cut shares of InnerWorkings from a “c-” rating to a “d” rating in a research report on Wednesday, November 28th. Zacks Investment Research cut shares of InnerWorkings from a “hold” rating to a “sell” rating in a research report on Tuesday, March 12th. Finally, ValuEngine upgraded shares of InnerWorkings from a “sell” rating to a “hold” rating in a research report on Monday, February 4th.

In other InnerWorkings news, EVP Oren B. Azar purchased 10,000 shares of the stock in a transaction dated Monday, March 11th. The stock was bought at an average price of $3.90 per share, for a total transaction of $39,000.00. Following the transaction, the executive vice president now directly owns 27,402 shares in the company, valued at $106,867.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Linda S. Wolf purchased 15,300 shares of the stock in a transaction dated Thursday, December 20th. The shares were acquired at an average price of $3.44 per share, with a total value of $52,632.00. Following the transaction, the director now owns 136,032 shares in the company, valued at $467,950.08. The disclosure for this purchase can be found here. 6.40% of the stock is owned by insiders.

Several large investors have recently modified their holdings of INWK. American Century Companies Inc. grew its position in shares of InnerWorkings by 46.5% during the 3rd quarter. American Century Companies Inc. now owns 3,620,978 shares of the business services provider’s stock worth $28,678,000 after buying an additional 1,149,419 shares during the period. Stone Ridge Asset Management LLC grew its position in shares of InnerWorkings by 14.7% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 76,947 shares of the business services provider’s stock worth $609,000 after buying an additional 9,863 shares during the period. JPMorgan Chase & Co. grew its position in shares of InnerWorkings by 36.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 34,457 shares of the business services provider’s stock worth $273,000 after buying an additional 9,125 shares during the period. Alliancebernstein L.P. grew its position in shares of InnerWorkings by 72.5% during the 3rd quarter. Alliancebernstein L.P. now owns 48,830 shares of the business services provider’s stock worth $387,000 after buying an additional 20,530 shares during the period. Finally, Eagle Boston Investment Management Inc. grew its position in shares of InnerWorkings by 4.9% during the 3rd quarter. Eagle Boston Investment Management Inc. now owns 1,290,089 shares of the business services provider’s stock worth $10,217,000 after buying an additional 59,752 shares during the period. Institutional investors own 79.20% of the company’s stock.

INWK opened at $3.97 on Thursday. The company has a quick ratio of 1.37, a current ratio of 1.60 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $198.84 million, a price-to-earnings ratio of -49.63 and a beta of 1.65. InnerWorkings has a 1-year low of $3.12 and a 1-year high of $10.39.

InnerWorkings (NASDAQ:INWK) last posted its quarterly earnings data on Tuesday, March 5th. The business services provider reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.25). InnerWorkings had a negative net margin of 6.79% and a negative return on equity of 1.64%. As a group, equities research analysts forecast that InnerWorkings will post 0.21 EPS for the current 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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