InnerWorkings Inc. (INWK) Shares Up 3.7%
InnerWorkings Inc. (NASDAQ:INWK) shot up 3.7% on Tuesday . The company 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 InnerWorkings from a “hold” rating to a “buy” rating and set a $9.50 target price for the company in a research note on Wednesday, May 11th.
The company’s market capitalization is $481.28 million. The firm’s 50 day moving average price is $8.69 and its 200-day moving average price is $8.06.
InnerWorkings (NASDAQ:INWK) last announced its earnings results on Monday, August 15th. The company reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.07. The company earned $269.20 million during the quarter, compared to the consensus estimate of $262.46 million. InnerWorkings’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.04 earnings per share. On average, equities research analysts expect that InnerWorkings Inc. will post $0.33 earnings per share for the current year.
In other InnerWorkings news, major shareholder Sagard Capital Partners, L.P. sold 21,454 shares of the stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $8.91, for a total value of $191,155.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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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