InnerWorkings, Inc. (INWK) Stock Price Up 3.7%
InnerWorkings, Inc. (NASDAQ:INWK) shares rose 3.7% during trading on Tuesday . The stock traded as high as $9.24 and last traded at $9.24, with a volume of 130,854 shares changing hands. The stock had previously closed at $8.91.
Separately, Zacks Investment Research raised shares of InnerWorkings from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a report on Wednesday, August 17th.
The company’s 50-day moving average is $8.66 and its 200 day moving average is $8.03. The stock’s market capitalization is $493.07 million.
InnerWorkings (NASDAQ:INWK) last released its quarterly earnings data on Monday, August 15th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.07. The company had revenue of $269.20 million for the quarter, compared to analysts’ expectations of $262.46 million. During the same period in the previous year, the firm earned $0.04 earnings per share. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, analysts anticipate that InnerWorkings, Inc. will post $0.33 earnings per share for the current year.
In other news, major shareholder Sagard Capital Partners, L.P. sold 44,354 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $9.15, for a total transaction of $405,839.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
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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