Barrington Research reiterated their hold rating on shares of InnerWorkings (NASDAQ:INWK) in a report issued on Wednesday morning, AnalystRatings.com reports.

Other equities research analysts also recently issued research reports about the company. BidaskClub upgraded InnerWorkings from a hold rating to a buy rating in a research report on Wednesday, February 13th. ValuEngine upgraded InnerWorkings from a sell rating to a hold rating in a research report on Saturday, May 18th. Finally, Zacks Investment Research upgraded InnerWorkings from a strong sell rating to a hold rating in a research report on Saturday, May 11th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $10.00.

NASDAQ INWK opened at $3.39 on Wednesday. InnerWorkings has a twelve month low of $3.12 and a twelve month high of $9.26.

InnerWorkings (NASDAQ:INWK) last released its quarterly earnings results on Thursday, May 9th. The business services provider reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.03. InnerWorkings had a negative return on equity of 1.08% and a negative net margin of 6.91%. The business had revenue of $267.24 million for the quarter, compared to the consensus estimate of $271.13 million. As a group, research analysts predict that InnerWorkings will post 0.23 earnings per share for the current year.

In related news, EVP Oren B. Azar acquired 10,000 shares of InnerWorkings stock in a transaction dated Monday, March 11th. The shares were purchased at an average cost of $3.90 per share, with a total value of $39,000.00. Following the completion of the purchase, the executive vice president now owns 27,402 shares of the company’s stock, valued at $106,867.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. 6.40% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in INWK. GMT Capital Corp bought a new position in shares of InnerWorkings during the first quarter valued at about $5,100,000. Engaged Capital LLC grew its stake in shares of InnerWorkings by 51.5% during the fourth quarter. Engaged Capital LLC now owns 2,582,346 shares of the business services provider’s stock valued at $9,658,000 after buying an additional 877,690 shares during the last quarter. ArrowMark Colorado Holdings LLC grew its stake in shares of InnerWorkings by 9.7% during the first quarter. ArrowMark Colorado Holdings LLC now owns 7,424,570 shares of the business services provider’s stock valued at $26,877,000 after buying an additional 658,071 shares during the last quarter. D. E. Shaw & Co. Inc. grew its stake in shares of InnerWorkings by 96.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 802,420 shares of the business services provider’s stock valued at $3,001,000 after buying an additional 393,991 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its stake in shares of InnerWorkings by 45.0% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 858,302 shares of the business services provider’s stock valued at $3,107,000 after buying an additional 266,470 shares during the last quarter. 83.59% of the stock is currently owned by hedge funds and other institutional investors.

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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