InnerWorkings, Inc. (NASDAQ:INWK) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Thursday.

INWK has been the topic of several other reports. Zacks Investment Research raised shares of InnerWorkings from a “hold” rating to a “strong-buy” rating and set a $12.00 target price on the stock in a research note on Wednesday, April 26th. Barrington Research upped their target price on shares of InnerWorkings from $12.00 to $13.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 10th. Finally, Wunderlich reaffirmed a “buy” rating and set a $15.00 target price on shares of InnerWorkings in a research note on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $13.33.

Shares of InnerWorkings (NASDAQ INWK) traded down 0.471% during trading on Thursday, hitting $10.565. 45,888 shares of the stock were exchanged. The company has a market cap of $565.41 million, a price-to-earnings ratio of 30.712 and a beta of 1.59. The stock’s 50 day moving average price is $11.52 and its 200-day moving average price is $10.52. InnerWorkings has a one year low of $8.07 and a one year high of $11.94.

InnerWorkings (NASDAQ:INWK) last released its quarterly earnings results on Monday, August 7th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $279.53 million for the quarter, compared to the consensus estimate of $282.62 million. InnerWorkings had a net margin of 1.76% and a return on equity of 8.84%. The business’s revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.11 EPS. On average, analysts predict that InnerWorkings will post $0.48 EPS for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Granahan Investment Management Inc. MA boosted its position in InnerWorkings by 65.1% in the first quarter. Granahan Investment Management Inc. MA now owns 705,038 shares of the business services provider’s stock valued at $7,022,000 after buying an additional 278,070 shares during the period. Vanguard Group Inc. boosted its position in InnerWorkings by 5.2% in the first quarter. Vanguard Group Inc. now owns 3,509,465 shares of the business services provider’s stock valued at $34,955,000 after buying an additional 173,364 shares during the period. Scout Investments Inc. purchased a new position in InnerWorkings during the second quarter valued at approximately $1,701,000. Eagle Asset Management Inc. boosted its position in InnerWorkings by 36.0% in the second quarter. Eagle Asset Management Inc. now owns 554,496 shares of the business services provider’s stock valued at $6,432,000 after buying an additional 146,667 shares during the period. Finally, Rice Hall James & Associates LLC purchased a new position in InnerWorkings during the second quarter valued at approximately $1,689,000. Institutional investors own 80.56% of the company’s stock.

About InnerWorkings

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’s segments include North America and International.

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