InnerWorkings (NASDAQ:INWK) Downgraded by ValuEngine to Sell

ValuEngine cut shares of InnerWorkings (NASDAQ:INWK) from a hold rating to a sell rating in a report released on Tuesday morning, ValuEngine reports.

Other research analysts also recently issued research reports about the company. Craig Hallum upgraded InnerWorkings from a hold rating to a buy rating and set a $6.00 price objective on the stock in a report on Friday, August 9th. Barrington Research upgraded shares of InnerWorkings from a market perform rating to an outperform rating in a research report on Friday, August 9th. BidaskClub downgraded shares of InnerWorkings from a buy rating to a hold rating in a research note on Saturday, November 9th. Finally, Zacks Investment Research lowered InnerWorkings from a hold rating to a strong sell rating in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $5.50.

Shares of InnerWorkings stock opened at $4.78 on Tuesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.32 and a current ratio of 1.55. InnerWorkings has a 52-week low of $2.58 and a 52-week high of $5.69. The company has a fifty day moving average of $4.77 and a 200-day moving average of $4.17. The stock has a market capitalization of $245.54 million, a price-to-earnings ratio of -59.75 and a beta of 1.36.

InnerWorkings (NASDAQ:INWK) last issued its earnings results on Thursday, November 7th. The business services provider reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). InnerWorkings had a positive return on equity of 0.50% and a negative net margin of 3.10%. The business had revenue of $286.53 million during the quarter, compared to analysts’ expectations of $294.83 million. On average, equities research analysts forecast that InnerWorkings will post 0.17 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in INWK. Buckingham Asset Management LLC increased its stake in shares of InnerWorkings by 4,030.3% in the 2nd quarter. Buckingham Asset Management LLC now owns 413,029 shares of the business services provider’s stock worth $1,578,000 after acquiring an additional 403,029 shares in the last quarter. Essex Investment Management Co. LLC bought a new stake in InnerWorkings during the third quarter worth about $1,720,000. BlackRock Inc. boosted its stake in InnerWorkings by 8.5% during the second quarter. BlackRock Inc. now owns 3,255,258 shares of the business services provider’s stock worth $12,434,000 after acquiring an additional 256,375 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in InnerWorkings by 31.9% during the second quarter. Pacific Ridge Capital Partners LLC now owns 874,158 shares of the business services provider’s stock worth $3,339,000 after acquiring an additional 211,279 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in InnerWorkings by 46.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 501,444 shares of the business services provider’s stock worth $1,916,000 after purchasing an additional 159,986 shares during the period. Hedge funds and other institutional investors own 82.34% of the company’s stock.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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