InnerWorkings’ (INWK) Hold Rating Reiterated at Barrington Research
Several other research firms have also commented on INWK. BidaskClub lowered shares of InnerWorkings from a sell rating to a strong sell rating in a research report on Wednesday, May 16th. Craig Hallum lowered shares of InnerWorkings from a buy rating to a hold rating and set a $10.00 price target for the company. in a research report on Wednesday, August 1st. ValuEngine lowered shares of InnerWorkings from a sell rating to a strong sell rating in a research report on Monday, May 14th. Finally, Zacks Investment Research lowered shares of InnerWorkings from a hold rating to a sell rating in a research report on Friday, August 3rd. Three analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $12.00.
INWK stock opened at $7.50 on Wednesday. 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 $5.90 and a 1-year high of $12.03. The firm has a market cap of $391.80 million, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 1.25 and a beta of 1.61.
In other news, CEO Richard S. Stoddart purchased 6,847 shares of the stock in a transaction dated Tuesday, August 21st. The stock was acquired 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 $658,684.26. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 6.40% of the stock is currently owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC bought a new position in shares of InnerWorkings during the fourth quarter worth about $188,000. Victory Capital Management Inc. grew its position in shares of InnerWorkings by 89.0% during 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 during the last quarter. Engineers Gate Manager LP bought a new position in shares of InnerWorkings during the first quarter worth about $353,000. Brown Advisory Inc. lifted its holdings in InnerWorkings by 67.3% in the first quarter. Brown Advisory Inc. now owns 43,563 shares of the business services provider’s stock worth $394,000 after purchasing an additional 17,529 shares during the period. Finally, Raymond James & Associates acquired a new stake in InnerWorkings in the fourth quarter worth about $411,000. Institutional investors and hedge funds own 83.59% of the company’s stock.
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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