InnerWorkings, Inc. (NASDAQ:INWK) CAO John Bosshart purchased 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The shares were purchased at an average price of $1.23 per share, for a total transaction of $14,760.00.
INWK traded up $0.02 during midday trading on Thursday, hitting $1.25. 6,423 shares of the company traded hands, compared to its average volume of 214,453. The company has a current ratio of 1.52, a quick ratio of 1.38 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $69.35 million, a price-to-earnings ratio of -5.39 and a beta of 1.32. InnerWorkings, Inc. has a 52-week low of $0.87 and a 52-week high of $5.81. The business has a 50 day simple moving average of $3.05 and a two-hundred day simple moving average of $4.32.
InnerWorkings (NASDAQ:INWK) last posted its quarterly earnings data on Monday, March 16th. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.05). The company had revenue of $319.07 million for the quarter, compared to analysts’ expectations of $299.79 million. InnerWorkings had a negative net margin of 1.06% and a positive return on equity of 3.49%.
Several analysts recently commented on INWK shares. ValuEngine upgraded shares of InnerWorkings from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Zacks Investment Research upgraded shares of InnerWorkings from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, BidaskClub lowered shares of InnerWorkings from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $5.50.
A number of institutional investors and hedge funds have recently bought and sold shares of INWK. Citigroup Inc. lifted its holdings in InnerWorkings by 35.4% during the fourth quarter. Citigroup Inc. now owns 21,575 shares of the business services provider’s stock valued at $119,000 after purchasing an additional 5,637 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of InnerWorkings in the fourth quarter worth about $140,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of InnerWorkings in the fourth quarter worth about $213,000. Barclays PLC lifted its stake in shares of InnerWorkings by 97.7% in the fourth 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 lifted its stake in shares of InnerWorkings by 92.0% in the fourth 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.
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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