InnerWorkings Inc. (INWK) Sets New 1-Year High at $9.14
InnerWorkings Inc. (NASDAQ:INWK)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $9.14 and last traded at $9.07, with a volume of 58,106 shares traded. The stock had previously closed at $9.01.
Separately, Zacks Investment Research upgraded InnerWorkings from a “hold” rating to a “buy” rating and set a $9.50 price objective on the stock in a report on Wednesday, May 11th.
The company has a 50-day moving average price of $8.39 and a 200-day moving average price of $7.70. The stock’s market cap is $475.10 million.
InnerWorkings (NASDAQ:INWK) last announced its earnings results on Monday, May 9th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. The company had revenue of $271.10 million for the quarter, compared to analyst estimates of $248.54 million. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period last year, the firm earned $0.03 earnings per share. Analysts anticipate that InnerWorkings Inc. will post $0.32 earnings per share for the current year.
A hedge fund recently raised its stake in InnerWorkings stock. Dimensional Fund Advisors LP increased its position in InnerWorkings Inc. (NASDAQ:INWK) by 12.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,491,215 shares of the company’s stock after buying an additional 161,457 shares during the period. Dimensional Fund Advisors LP owned about 2.81% of InnerWorkings worth $11,184,000 as of its most recent SEC filing.
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 operates through three segments: North America, Latin America and EMEA.
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