Shares of InnerWorkings, Inc. (NASDAQ:INWK) have earned an average rating of “Hold” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $12.33.

INWK has been the subject of several analyst reports. Craig Hallum cut InnerWorkings from a “buy” rating to a “hold” rating and set a $10.00 price target for the company. in a research note on Wednesday, August 1st. Barrington Research reiterated a “hold” rating on shares of InnerWorkings in a research report on Wednesday, August 22nd. Zacks Investment Research cut InnerWorkings from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. BidaskClub upgraded InnerWorkings from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 20th. Finally, ValuEngine upgraded InnerWorkings from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 1st.

Shares of InnerWorkings stock traded down $0.07 during trading hours on Thursday, hitting $7.93. 13,570 shares of the company were exchanged, compared to its average volume of 231,323. InnerWorkings has a 1 year low of $5.90 and a 1 year high of $12.03. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.04 and a quick ratio of 0.92. The stock has a market capitalization of $423.11 million, a PE ratio of 19.51, a price-to-earnings-growth ratio of 1.51 and a beta of 1.49.

InnerWorkings (NASDAQ:INWK) last released its quarterly earnings results on Tuesday, August 14th. The business services provider reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.02). InnerWorkings had a return on equity of 3.93% and a net margin of 0.61%. The company had revenue of $281.97 million for the quarter, compared to analysts’ expectations of $291.22 million. equities research analysts anticipate that InnerWorkings will post 0.4 EPS for the current year.

In other InnerWorkings news, CEO Richard S. Stoddart acquired 6,847 shares of the business’s stock in a transaction on Tuesday, August 21st. The stock was purchased at an average price of $7.67 per share, for a total transaction of $52,516.49. Following the completion of the transaction, the chief executive officer now owns 85,878 shares of the company’s stock, valued at approximately $658,684.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 6.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in INWK. Victory Capital Management Inc. raised its position in InnerWorkings by 89.0% in the first quarter. Victory Capital Management Inc. now owns 36,361 shares of the business services provider’s stock worth $329,000 after acquiring an additional 17,120 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in InnerWorkings by 15.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 220,957 shares of the business services provider’s stock worth $2,000,000 after acquiring an additional 28,970 shares in the last quarter. Engineers Gate Manager LP purchased a new position in InnerWorkings in the first quarter worth $353,000. KBC Group NV raised its position in InnerWorkings by 21.9% in the first quarter. KBC Group NV now owns 53,548 shares of the business services provider’s stock worth $485,000 after acquiring an additional 9,630 shares in the last quarter. Finally, Northern Trust Corp raised its position in InnerWorkings by 0.9% in the first quarter. Northern Trust Corp now owns 653,750 shares of the business services provider’s stock worth $5,916,000 after acquiring an additional 5,941 shares in the last quarter. Hedge funds and other institutional investors own 84.16% of the company’s stock.

About InnerWorkings

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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