InnerWorkings (NASDAQ:INWK) was downgraded by stock analysts at Feltl & Co. from a “strong-buy” rating to a “hold” rating in a report issued on Thursday, TheFlyOnTheWall.com reports. They currently have a $7.00 target price on the stock, down from their previous target price of $16.00. Feltl & Co.’s price target would suggest a potential downside of 26.24% from the company’s current price.
InnerWorkings (NASDAQ:INWK) traded down 37.09% during mid-day trading on Thursday, hitting $5.97. 5,959,643 shares of the company’s stock traded hands. InnerWorkings has a 1-year low of $9.12 and a 1-year high of $15.80. The stock’s 50-day moving average is $9. and its 200-day moving average is $10.63. The company has a market cap of $304.2 million and a price-to-earnings ratio of 36.50.
InnerWorkings (NASDAQ:INWK) last announced its earnings results on Wednesday, November 6th. The company reported $0.14 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.05 by $0.09. The company had revenue of $232.60 million for the quarter, compared to the consensus estimate of $218.19 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 16.4% on a year-over-year basis. On average, analysts predict that InnerWorkings will post $0.45 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Craig Hallum downgraded shares of InnerWorkings from a “buy” rating to a “hold” rating in a research note to investors on Thursday. Separately, analysts at Barrington Research downgraded shares of InnerWorkings from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday. Finally, analysts at William Blair downgraded shares of InnerWorkings from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday.
InnerWorkings, Inc (NASDAQ:INWK) is a provider of global print management and promotional solutions to corporate clients across a ranges of industries.
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