InnerWorkings Inc. (INWK) Shares Down 2%
InnerWorkings Inc. (NASDAQ:INWK) shares fell 2% on Tuesday . The stock traded as low as $8.40 and last traded at $8.41, with a volume of 60,183 shares changing hands. The stock had previously closed at $8.58.
Separately, Zacks Investment Research cut shares of InnerWorkings from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 13th.
The company has a 50-day moving average of $8.45 and a 200 day moving average of $7.80. The firm’s market cap is $452.17 million.
InnerWorkings (NASDAQ:INWK) last issued its quarterly earnings data on Monday, May 9th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. During the same quarter in the prior year, the business earned $0.03 earnings per share. The business had revenue of $271.10 million for the quarter, compared to analyst estimates of $248.54 million. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. Equities analysts predict that InnerWorkings Inc. will post $0.32 EPS for the current fiscal year.
An institutional investor recently raised its position in InnerWorkings stock. I.G. Investment Management LTD. raised its position in shares of InnerWorkings Inc. (NASDAQ:INWK) by 4.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 162,158 shares of the company’s stock after buying an additional 6,904 shares during the period. I.G. Investment Management LTD. owned 0.31% of InnerWorkings worth $1,216,000 at the end of the most recent reporting period.
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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