InnerWorkings, Inc. (NASDAQ:INWK) – Investment analysts at Barrington Research decreased their Q3 2017 earnings estimates for InnerWorkings in a research note issued to investors on Wednesday. Barrington Research analyst K. Steinke now expects that the business services provider will post earnings per share of $0.12 for the quarter, down from their prior estimate of $0.16. Barrington Research has a “Outperform” rating and a $13.00 price target on the stock. Barrington Research also issued estimates for InnerWorkings’ FY2017 earnings at $0.47 EPS and FY2018 earnings at $0.56 EPS.
Several other research firms have also recently commented on INWK. BidaskClub cut InnerWorkings from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Wunderlich reissued a “buy” rating and set a $15.00 target price on shares of InnerWorkings in a research note on Friday, June 30th. Finally, Zacks Investment Research cut InnerWorkings from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $13.33.
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InnerWorkings (NASDAQ INWK) opened at 10.65 on Friday. The company’s 50-day moving average price is $11.48 and its 200-day moving average price is $10.52. The stock has a market cap of $569.96 million, a PE ratio of 30.96 and a beta of 1.59. InnerWorkings has a 12-month low of $8.07 and a 12-month high of $11.94.
InnerWorkings (NASDAQ:INWK) last released its earnings results on Monday, August 7th. The business services provider reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The firm had revenue of $279.53 million for the quarter, compared to the consensus estimate of $282.62 million. InnerWorkings had a return on equity of 8.84% and a net margin of 1.76%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS.
Large investors have recently bought and sold shares of the company. OxFORD Asset Management LLP acquired a new stake in InnerWorkings during the second quarter valued at about $517,000. Citadel Advisors LLC acquired a new stake in InnerWorkings during the second quarter valued at about $153,000. Renaissance Technologies LLC boosted its stake in InnerWorkings by 75.2% in the second quarter. Renaissance Technologies LLC now owns 1,055,500 shares of the business services provider’s stock valued at $12,244,000 after buying an additional 453,200 shares during the period. Vanguard Group Inc. boosted its stake in InnerWorkings by 4.6% in the second quarter. Vanguard Group Inc. now owns 3,669,795 shares of the business services provider’s stock valued at $42,570,000 after buying an additional 160,330 shares during the period. Finally, Northern Trust Corp boosted its stake in InnerWorkings by 20.5% in the second quarter. Northern Trust Corp now owns 749,922 shares of the business services provider’s stock valued at $8,699,000 after buying an additional 127,702 shares during the period. 80.56% of the stock is owned by institutional investors.
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.
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