InnerWorkings (NASDAQ:INWK) announced its earnings results on Thursday. The business services provider reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.08), Morningstar.com reports. The firm had revenue of $270.85 million during the quarter, compared to analysts’ expectations of $294.87 million. InnerWorkings had a net margin of 0.61% and a return on equity of 3.93%. InnerWorkings updated its FY 2018 guidance to $0.17-0.20 EPS.

NASDAQ INWK traded down $2.80 during trading hours on Friday, reaching $4.24. 989,159 shares of the company were exchanged, compared to its average volume of 163,720. InnerWorkings has a 1 year low of $3.93 and a 1 year high of $11.04. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.92 and a current ratio of 1.04. The company has a market capitalization of $370.42 million, a PE ratio of 10.34, a price-to-earnings-growth ratio of 1.72 and a beta of 1.53.

In related news, CEO Richard S. Stoddart acquired 6,847 shares of the firm’s stock in a transaction that occurred on Tuesday, August 21st. The stock was acquired at an average price of $7.67 per share, for a total transaction of $52,516.49. Following the completion of the acquisition, the chief executive officer now owns 85,878 shares of the company’s stock, valued at approximately $658,684.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 6.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Northern Trust Corp increased its holdings in InnerWorkings by 0.9% during the first quarter. Northern Trust Corp now owns 653,750 shares of the business services provider’s stock worth $5,916,000 after buying an additional 5,941 shares during the last quarter. Summit Global Investments increased its holdings in InnerWorkings by 13.3% during the second quarter. Summit Global Investments now owns 74,800 shares of the business services provider’s stock worth $650,000 after buying an additional 8,800 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in InnerWorkings by 36.0% during the third quarter. JPMorgan Chase & Co. now owns 34,457 shares of the business services provider’s stock worth $273,000 after buying an additional 9,125 shares during the last quarter. Stone Ridge Asset Management LLC increased its holdings in InnerWorkings by 14.7% during the third quarter. Stone Ridge Asset Management LLC now owns 76,947 shares of the business services provider’s stock worth $609,000 after buying an additional 9,863 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of InnerWorkings by 27.0% in the first quarter. Russell Investments Group Ltd. now owns 57,845 shares of the business services provider’s stock worth $524,000 after purchasing an additional 12,305 shares in the last quarter. Institutional investors and hedge funds own 82.54% of the company’s stock.

Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of InnerWorkings from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 24th. BidaskClub downgraded shares of InnerWorkings from a “sell” rating to a “strong sell” rating in a report on Thursday. ValuEngine upgraded shares of InnerWorkings from a “strong sell” rating to a “sell” rating in a report on Saturday, September 1st. Barrington Research downgraded shares of InnerWorkings from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 1st. Finally, Craig Hallum downgraded shares of InnerWorkings from a “buy” rating to a “hold” rating and set a $10.00 price objective for the company. in a report on Wednesday, August 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. InnerWorkings currently has a consensus rating of “Hold” and a consensus target price of $11.33.

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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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Earnings History for InnerWorkings (NASDAQ:INWK)

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