InnerWorkings Inc. (INWK) Shares Down 1.6%
InnerWorkings Inc. (NASDAQ:INWK) dropped 1.6% on Thursday . The company traded as low as $9.07 and last traded at $9.09, with a volume of 56,118 shares traded. The stock had previously closed at $9.24.
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 report on Wednesday, May 11th.
The company’s 50-day moving average price is $8.65 and its 200-day moving average price is $8.00. The company’s market capitalization is $477.49 million.
InnerWorkings (NASDAQ:INWK) last announced its quarterly earnings results on Monday, August 15th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.07. The company had revenue of $269.20 million for the quarter, compared to the consensus estimate of $262.46 million. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.04 EPS. On average, analysts expect that InnerWorkings Inc. will post $0.33 EPS for the current year.
In related news, major shareholder Sagard Capital Partners, L.P. sold 44,354 shares of the company’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $9.15, for a total transaction of $405,839.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
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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