InnerWorkings (INWK) Upgraded to Hold by ValuEngine

InnerWorkings (NASDAQ:INWK) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Monday, February 4th.

A number of other analysts have also commented on INWK. Zacks Investment Research lowered InnerWorkings from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 17th. BidaskClub downgraded InnerWorkings from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 8th. Barrington Research reaffirmed a “hold” rating on shares of InnerWorkings in a research report on Monday, November 12th. Finally, TheStreet downgraded InnerWorkings from a “c-” rating to a “d” rating in a research report on Wednesday, November 28th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. InnerWorkings currently has an average rating of “Hold” and a consensus target price of $11.50.

INWK stock opened at $4.90 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.60. The stock has a market cap of $253.72 million, a price-to-earnings ratio of 11.95 and a beta of 1.63. InnerWorkings has a 1-year low of $3.12 and a 1-year high of $10.39.

In related news, Director Linda S. Wolf purchased 15,300 shares of the business’s stock in a transaction that occurred on Thursday, December 20th. The stock was acquired at an average cost of $3.44 per share, for a total transaction of $52,632.00. Following the completion of the purchase, the director now owns 136,032 shares in the company, valued at approximately $467,950.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 6.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Macquarie Group Ltd. lifted its stake in InnerWorkings by 38.9% during the fourth quarter. Macquarie Group Ltd. now owns 7,140 shares of the business services provider’s stock worth $27,000 after purchasing an additional 2,000 shares during the last quarter. Northern Trust Corp lifted its stake in InnerWorkings by 0.6% during the fourth quarter. Northern Trust Corp now owns 542,018 shares of the business services provider’s stock worth $2,027,000 after purchasing an additional 2,972 shares during the last quarter. Citigroup Inc. lifted its stake in InnerWorkings by 37.4% during the fourth quarter. Citigroup Inc. now owns 23,288 shares of the business services provider’s stock worth $87,000 after purchasing an additional 6,340 shares during the last quarter. Bank of Montreal Can lifted its stake in InnerWorkings by 2,918.9% during the fourth quarter. Bank of Montreal Can now owns 8,936 shares of the business services provider’s stock worth $33,000 after purchasing an additional 8,640 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of 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 in the last quarter. Hedge funds and other institutional investors own 81.64% of the company’s stock.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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