InnerWorkings Upgraded to “Buy” by Craig Hallum (INWK)
InnerWorkings (NASDAQ:INWK) was upgraded by stock analysts at Craig Hallum from a “hold” rating to a “buy” rating in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $10.00 price target on the stock, up from their previous price target of $9.00. Craig Hallum’s target price would suggest a potential upside of 41.44% from the company’s current price.
InnerWorkings (NASDAQ:INWK) opened at 7.26 on Tuesday. InnerWorkings has a one year low of $5.54 and a one year high of $12.29. The stock’s 50-day moving average is $7.37 and its 200-day moving average is $7.53. The company’s market cap is $373.1 million.
InnerWorkings (NASDAQ:INWK) last released its earnings data on Monday, May 12th. The company reported $0.02 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.01 by $0.01. The company had revenue of $241.50 million for the quarter, compared to the consensus estimate of $233.70 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. The company’s quarterly revenue was up 18.0% on a year-over-year basis. Analysts expect that InnerWorkings will post $0.24 EPS for the current fiscal year.
InnerWorkings, Inc (NASDAQ:INWK) is a provider of global print management and promotional solutions to corporate clients across a ranges of industries.
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