InnerWorkings, Inc. (NASDAQ:INWK) CAO Acquires $14,760.00 in Stock

InnerWorkings, Inc. (NASDAQ:INWK) CAO John Bosshart bought 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The shares were purchased at an average cost of $1.23 per share, for a total transaction of $14,760.00.

INWK traded down $0.10 during trading on Wednesday, reaching $1.23. 371,600 shares of the company’s stock were exchanged, compared to its average volume of 135,412. The company has a market capitalization of $50.95 million, a P/E ratio of -5.35 and a beta of 1.32. The company has a quick ratio of 1.38, a current ratio of 1.52 and a debt-to-equity ratio of 0.84. The business has a 50 day moving average price of $3.10 and a 200 day moving average price of $4.34. InnerWorkings, Inc. has a fifty-two week low of $0.87 and a fifty-two week high of $5.81.

InnerWorkings (NASDAQ:INWK) last announced its quarterly earnings data on Monday, March 16th. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The business had revenue of $319.07 million during the quarter, compared to analyst estimates of $299.79 million. InnerWorkings had a negative net margin of 1.06% and a positive return on equity of 3.49%.

Several brokerages recently issued reports on INWK. ValuEngine upgraded InnerWorkings from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Zacks Investment Research upgraded InnerWorkings from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, BidaskClub lowered InnerWorkings from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $5.50.

A number of hedge funds and other institutional investors have recently bought and sold shares of INWK. Citigroup Inc. raised its position in InnerWorkings by 35.4% in the fourth quarter. Citigroup Inc. now owns 21,575 shares of the business services provider’s stock worth $119,000 after purchasing an additional 5,637 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of InnerWorkings in the 4th quarter valued at approximately $140,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of InnerWorkings in the 4th quarter worth approximately $213,000. Barclays PLC raised its holdings in shares of InnerWorkings by 97.7% in the 4th quarter. Barclays PLC now owns 45,001 shares of the business services provider’s stock worth $248,000 after buying an additional 22,242 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of InnerWorkings by 92.0% in the 4th quarter. California Public Employees Retirement System now owns 48,200 shares of the business services provider’s stock worth $266,000 after buying an additional 23,100 shares in the last quarter. 82.90% of the stock is currently owned by institutional investors and hedge funds.

About InnerWorkings

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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