Somewhat Positive Media Coverage Somewhat Unlikely to Affect InnerWorkings (INWK) Stock Price
News articles about InnerWorkings (NASDAQ:INWK) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. InnerWorkings earned a daily sentiment score of 0.05 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 47.5558823279789 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Barrington Research Weighs in on InnerWorkings, Inc.’s Q3 2017 Earnings (INWK) (americanbankingnews.com)
- InnerWorkings, Inc. (NASDAQ:INWK) Lowered to Sell at Zacks Investment Research (americanbankingnews.com)
- InnerWorkings, Inc. :INWK-US: Earnings Analysis: Q2, 2017 By the Numbers : August 10, 2017 (finance.yahoo.com)
- InnerWorkings, Inc. (NASDAQ:INWK) Forecasted to Earn Q3 2017 Earnings of $0.15 Per Share (americanbankingnews.com)
- InnerWorkings, Inc. breached its 50 day moving average in a Bearish Manner : INWK-US : August 9, 2017 (finance.yahoo.com)
Several research analysts have commented on the stock. Zacks Investment Research downgraded shares of InnerWorkings from a “hold” rating to a “sell” rating in a report on Thursday. BidaskClub downgraded shares of InnerWorkings from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Wunderlich reissued a “buy” rating and issued a $15.00 price target on shares of InnerWorkings in a report on Friday, June 30th. Two analysts have rated the stock with a sell rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $13.33.
Shares of InnerWorkings (INWK) traded up 0.47% on Friday, reaching $10.65. 248,935 shares of the company’s stock traded hands. The firm’s 50-day moving average is $11.48 and its 200-day moving average is $10.52. The stock has a market cap of $580.48 million, a price-to-earnings ratio of 30.43 and a beta of 1.59. InnerWorkings has a 52-week low of $8.07 and a 52-week high of $11.94.
InnerWorkings (NASDAQ:INWK) last issued its earnings results on Monday, August 7th. The business services provider reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.01. InnerWorkings had a net margin of 1.76% and a return on equity of 8.84%. The firm had revenue of $279.53 million during the quarter, compared to analyst estimates of $282.62 million. During the same quarter in the prior year, the business earned $0.11 earnings per share. InnerWorkings’s revenue for the quarter was up 3.8% on a year-over-year basis. Analysts anticipate that InnerWorkings will post $0.48 EPS for the current fiscal year.
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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