InnerWorkings, Inc. (NASDAQ:INWK) Director Marc Zenner acquired 55,000 shares of the company’s stock in a transaction dated Monday, March 23rd. The stock was purchased at an average cost of $1.33 per share, with a total value of $73,150.00. Following the completion of the purchase, the director now directly owns 60,713 shares of the company’s stock, valued at approximately $80,748.29. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
INWK opened at $1.34 on Friday. InnerWorkings, Inc. has a 12 month low of $0.87 and a 12 month high of $5.81. The stock has a market capitalization of $64.14 million, a price-to-earnings ratio of 10.25 and a beta of 1.32. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.52 and a quick ratio of 1.38. The business has a fifty day moving average price of $3.05 and a 200 day moving average price of $4.32.
InnerWorkings (NASDAQ:INWK) last released its earnings results on Monday, March 16th. The business services provider reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.05). InnerWorkings had a positive return on equity of 3.49% and a negative net margin of 1.06%. The company had revenue of $319.07 million for the quarter, compared to analyst estimates of $299.79 million.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in INWK. Citigroup Inc. grew its stake in InnerWorkings by 35.4% during the 4th 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. acquired a new position in InnerWorkings during the 4th quarter worth $140,000. Jacobs Levy Equity Management Inc. acquired a new position in InnerWorkings during the 4th quarter worth $213,000. Barclays PLC grew its stake in InnerWorkings by 97.7% during the 4th quarter. Barclays PLC now owns 45,001 shares of the business services provider’s stock worth $248,000 after purchasing an additional 22,242 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in InnerWorkings by 92.0% during the 4th quarter. California Public Employees Retirement System now owns 48,200 shares of the business services provider’s stock worth $266,000 after purchasing an additional 23,100 shares in the last quarter. 82.90% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on the company. ValuEngine raised InnerWorkings from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. BidaskClub cut InnerWorkings from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Zacks Investment Research raised InnerWorkings from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. InnerWorkings has an average rating of “Hold” and an average target price of $5.50.
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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