InnerWorkings, Inc. (NASDAQ:INWK) – Barrington Research lowered their Q4 2019 earnings per share estimates for InnerWorkings in a research note issued on Monday, November 11th. Barrington Research analyst K. Steinke now expects that the business services provider will earn $0.04 per share for the quarter, down from their previous estimate of $0.10. Barrington Research has a “Outperform” rating on the stock.
A number of other research firms have also recently weighed in on INWK. Craig Hallum raised InnerWorkings from a “hold” rating to a “buy” rating and set a $6.00 price objective on the stock in a research report on Friday, August 9th. ValuEngine cut InnerWorkings from a “strong-buy” rating to a “buy” rating in a research report on Monday. BidaskClub cut InnerWorkings from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Zacks Investment Research cut InnerWorkings from a “hold” rating to a “strong sell” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $5.50.
Shares of INWK stock traded up $0.04 during trading hours on Tuesday, reaching $4.44. 121,704 shares of the company traded hands, compared to its average volume of 189,248. InnerWorkings has a 12-month low of $2.58 and a 12-month high of $5.69. The company has a market cap of $258.67 million, a P/E ratio of -55.50 and a beta of 1.33. The firm has a 50-day moving average price of $4.69 and a 200 day moving average price of $4.05.
InnerWorkings (NASDAQ:INWK) last posted its quarterly earnings data on Thursday, November 7th. The business services provider reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.03). InnerWorkings had a negative net margin of 3.10% and a positive return on equity of 0.50%. The company had revenue of $286.53 million for the quarter, compared to analysts’ expectations of $294.83 million.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Strs Ohio bought a new stake in InnerWorkings in the 3rd quarter worth approximately $37,000. Acadian Asset Management LLC bought a new position in shares of InnerWorkings during the 2nd quarter valued at approximately $39,000. Horan Capital Advisors LLC. bought a new position in shares of InnerWorkings during the 3rd quarter valued at approximately $47,000. Walleye Trading Advisors LLC increased its position in shares of InnerWorkings by 53.2% during the 2nd quarter. Walleye Trading Advisors LLC now owns 26,495 shares of the business services provider’s stock valued at $101,000 after purchasing an additional 9,200 shares during the last quarter. Finally, Prudential Financial Inc. bought a new position in shares of InnerWorkings during the 2nd quarter valued at approximately $106,000. 83.23% of the stock is currently owned by institutional investors.
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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