InnerWorkings (NASDAQ:INWK) issued its earnings results on Thursday. The business services provider reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.08), Morningstar.com reports. InnerWorkings had a return on equity of 3.93% and a net margin of 0.61%. The firm had revenue of $270.85 million for the quarter, compared to analysts’ expectations of $294.87 million. InnerWorkings updated its FY 2018 guidance to $0.17-0.20 EPS.

INWK stock traded down $2.80 during trading on Friday, reaching $4.24. 989,159 shares of the stock were exchanged, compared to its average volume of 163,720. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.04 and a quick ratio of 0.92. InnerWorkings has a 1 year low of $3.93 and a 1 year high of $11.04. The company has a market capitalization of $370.42 million, a PE ratio of 10.34, a price-to-earnings-growth ratio of 1.72 and a beta of 1.53.

A number of equities analysts have commented on INWK shares. Barrington Research downgraded shares of InnerWorkings from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 1st. Craig Hallum downgraded shares of InnerWorkings from a “buy” rating to a “hold” rating and set a $10.00 target price on the stock. in a research note on Wednesday, August 1st. Zacks Investment Research raised shares of InnerWorkings from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 24th. BidaskClub downgraded shares of InnerWorkings from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 25th. Finally, ValuEngine raised shares of InnerWorkings from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. InnerWorkings currently has a consensus rating of “Hold” and an average price target of $11.33.

In other news, CEO Richard S. Stoddart bought 6,847 shares of InnerWorkings stock in a transaction on Tuesday, August 21st. The shares were bought at an average cost of $7.67 per share, with a total value of $52,516.49. Following the completion of the purchase, the chief executive officer now directly owns 85,878 shares of the company’s stock, valued at $658,684.26. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.40% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Trexquant Investment LP purchased a new stake in shares of InnerWorkings in the 3rd quarter valued at approximately $113,000. Eagle Boston Investment Management Inc. raised its stake in shares of InnerWorkings by 4.9% in the 3rd quarter. Eagle Boston Investment Management Inc. now owns 1,290,089 shares of the business services provider’s stock valued at $10,217,000 after acquiring an additional 59,752 shares during the period. Alliancebernstein L.P. raised its stake in shares of InnerWorkings by 72.5% in the 3rd quarter. Alliancebernstein L.P. now owns 48,830 shares of the business services provider’s stock valued at $387,000 after acquiring an additional 20,530 shares during the period. JPMorgan Chase & Co. raised its stake in shares of InnerWorkings by 36.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 34,457 shares of the business services provider’s stock valued at $273,000 after acquiring an additional 9,125 shares during the period. Finally, Stone Ridge Asset Management LLC raised its stake in shares of InnerWorkings by 14.7% in the 3rd quarter. Stone Ridge Asset Management LLC now owns 76,947 shares of the business services provider’s stock valued at $609,000 after acquiring an additional 9,863 shares during the period. 82.54% of the stock is currently owned by institutional investors and hedge funds.

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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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Earnings History for InnerWorkings (NASDAQ:INWK)

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