InnerWorkings, Inc. (INWK) Given Consensus Rating of “Buy” by Analysts

Shares of InnerWorkings, Inc. (NASDAQ:INWK) have been given a consensus rating of “Buy” by the seven ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $13.40.

A number of research firms have recently issued reports on INWK. Zacks Investment Research raised shares of InnerWorkings from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Dougherty & Co began coverage on shares of InnerWorkings in a research report on Tuesday, October 31st. They issued a “buy” rating and a $14.00 price target for the company.

A number of large investors have recently added to or reduced their stakes in the stock. Prudential Financial Inc. increased its holdings in InnerWorkings by 6.8% in the second quarter. Prudential Financial Inc. now owns 13,593 shares of the business services provider’s stock worth $158,000 after buying an additional 860 shares during the last quarter. Legal & General Group Plc increased its holdings in InnerWorkings by 10.4% in the second quarter. Legal & General Group Plc now owns 10,713 shares of the business services provider’s stock worth $124,000 after buying an additional 1,007 shares during the last quarter. Voya Investment Management LLC increased its holdings in InnerWorkings by 10.9% in the second quarter. Voya Investment Management LLC now owns 26,905 shares of the business services provider’s stock worth $312,000 after buying an additional 2,647 shares during the last quarter. California State Teachers Retirement System increased its holdings in InnerWorkings by 5.9% in the second quarter. California State Teachers Retirement System now owns 80,184 shares of the business services provider’s stock worth $930,000 after buying an additional 4,500 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in InnerWorkings by 19.4% in the second quarter. The Manufacturers Life Insurance Company now owns 38,049 shares of the business services provider’s stock worth $441,000 after buying an additional 6,184 shares during the last quarter. Hedge funds and other institutional investors own 80.51% of the company’s stock.

Shares of InnerWorkings (NASDAQ:INWK) opened at $9.59 on Friday. The company has a quick ratio of 1.63, a current ratio of 1.86 and a debt-to-equity ratio of 0.51. The stock has a market cap of $519.03, a P/E ratio of 23.39, a PEG ratio of 1.25 and a beta of 1.65. InnerWorkings has a 52-week low of $9.08 and a 52-week high of $12.03.

InnerWorkings (NASDAQ:INWK) last posted its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. The business had revenue of $288.40 million during the quarter, compared to analyst estimates of $289.82 million. InnerWorkings had a net margin of 2.04% and a return on equity of 9.53%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 earnings per share. research analysts anticipate that InnerWorkings will post 0.49 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “InnerWorkings, Inc. (INWK) Given Consensus Rating of “Buy” by Analysts” was first posted by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international trademark & copyright law. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2018/02/04/innerworkings-inc-inwk-given-consensus-rating-of-buy-by-analysts.html.

InnerWorkings Company Profile

InnerWorkings, Inc is a marketing execution company. 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. The Company’s segments include North America and International.

Receive News & Ratings for InnerWorkings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InnerWorkings and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply