Craig Hallum upgraded shares of InnerWorkings (NASDAQ:INWK) from a hold rating to a buy rating in a research report report published on Friday, BenzingaRatingsTable reports. They currently have $6.00 price target on the business services provider’s stock.
INWK has been the subject of several other reports. Barrington Research reaffirmed a hold rating on shares of InnerWorkings in a research report on Wednesday, June 26th. Zacks Investment Research cut InnerWorkings from a buy rating to a hold rating in a research note on Friday, August 2nd. Finally, ValuEngine upgraded InnerWorkings from a sell rating to a hold rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $5.00.
NASDAQ INWK traded up $1.66 during trading on Friday, hitting $4.50. The stock had a trading volume of 2,918,424 shares, compared to its average volume of 105,709. The business’s 50 day moving average is $3.69. InnerWorkings has a twelve month low of $2.58 and a twelve month high of $8.12.
Institutional investors and hedge funds have recently made changes to their positions in the company. Macquarie Group Ltd. boosted its stake in shares of InnerWorkings by 38.9% in the 4th quarter. Macquarie Group Ltd. now owns 7,140 shares of the business services provider’s stock valued at $27,000 after buying an additional 2,000 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of InnerWorkings by 126.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 9,320 shares of the business services provider’s stock valued at $34,000 after buying an additional 5,209 shares during the period. Acadian Asset Management LLC purchased a new position in shares of InnerWorkings in the 2nd quarter valued at about $39,000. Menta Capital LLC purchased a new position in shares of InnerWorkings in the 1st quarter valued at about $43,000. Finally, Jane Street Group LLC purchased a new position in shares of InnerWorkings in the 4th quarter valued at about $49,000. Institutional investors and hedge funds own 83.28% of the company’s stock.
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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