InnerWorkings, Inc. (INWK) Receives $10.00 Consensus Price Target from Analysts
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.
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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