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American Banking and Market News - American Consumer News: InnerWorkings, Inc. (NASDAQ:INWK) EVP Oren B. Azar Buys 10,000 Shares Publication info: Weblog post. Newstex Finance & Accounting Blogs , Chatham: Newstex. Mar 24, 2020.

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FULL TEXT InnerWorkings, Inc. (NASDAQ:INWK) EVP Oren B. Azar acquired 10,000 shares of the business's stock in a

transaction that occurred on Friday, March 20th. The shares were purchased at an average price of $1.09 per

share, with a total value of $10,900.00. Following the completion of the acquisition, the executive vice president

now owns 131,295 shares of the company's stock, valued at approximately $143,111.55. The transaction was

disclosed in a legal filing with the Securities &Exchange Commission, which is accessible through the SEC

website.

Shares of NASDAQ:INWK traded down $0.04 during midday trading on Monday, hitting $0.98. 215,186 shares of

the stock were exchanged, compared to its average volume of 126,328. The company has a debt-to-equity ratio of

0.84, a quick ratio of 1.38 and a current ratio of 1.52. The company has a market capitalization of $53.19 million, a

PE ratio of -4.25 and a beta of 1.32. InnerWorkings, Inc. has a 52-week low of $0.87 and a 52-week high of $5.81.

The business's fifty day simple moving average is $3.34 and its two-hundred day simple moving average is $4.40.

InnerWorkings (NASDAQ:INWK) last posted its earnings results on Monday, March 16th. The business services

provider reported ($0.01) EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.04 by

($0.05). The business had revenue of $319.07 million for the quarter, compared to analyst estimates of $299.79

million. InnerWorkings had a positive return on equity of 3.49% and a negative net margin of 1.06%.

Several analysts recently issued reports on the company. BidaskClub lowered InnerWorkings from a "buy" rating to

a "hold" rating in a report on Tuesday, January 14th. Zacks Investment Research upgraded InnerWorkings from a

"strong sell" rating to a "hold" rating in a report on Tuesday, January 14th. Finally, ValuEngine upgraded

InnerWorkings from a "sell" rating to a "hold" rating in a report on Friday, January 3rd. Three investment analysts

have rated the stock with a hold rating and two have issued a buy rating to the company's stock. The stock

presently has a consensus rating of "Hold" and a consensus price target of $5.50.

Institutional investors have recently bought and sold shares of the business. Citigroup Inc. increased its position in

InnerWorkings by 35.4% during the fourth quarter. Citigroup Inc. now owns 21,575 shares of the business services

provider's stock worth $119,000 after buying an additional 5,637 shares during the last quarter. Russell

Investments Group Ltd. acquired a new position in InnerWorkings during the fourth quarter worth $140,000.

Jacobs Levy Equity Management Inc. acquired a new position in InnerWorkings during the fourth quarter worth

$213,000. Barclays PLC increased its position in InnerWorkings by 97.7% during the fourth quarter. Barclays PLC

now owns 45,001 shares of the business services provider's stock worth $248,000 after buying an additional

22,242 shares during the last quarter. Finally, California Public Employees Retirement System increased its

position in InnerWorkings by 92.0% during the fourth quarter. California Public Employees Retirement System now

owns 48,200 shares of the business services provider's stock worth $266,000 after buying an additional 23,100

shares during the last quarter. 82.90% of the stock is currently owned by hedge funds and other institutional

investors.

InnerWorkings Company Profile

InnerWorkings, Inc provides marketing execution solutions in North America and internationally. 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.

Further Reading: Hang Seng Index (HSI)

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Subject: Corporate profiles; Institutional investments

Location: California

Company / organization: Name: Nasdaq Stock Market Inc; NAICS: 523210; Name: Citigroup Inc; NAICS:

551111; Name: InnerWorkings Inc; NAICS: 323111; Name: Barclays PLC; NAICS:

522110, 523110, 551111; Name: Public Employees Retirement System-California;

NAICS: 525110

Publication title: Newstex Finance &Accounting Blogs; Chatham

Publication year: 2020

Publication date: Mar 24, 2020

Dateline: Mar 23, 2020

Publisher: Newstex

Place of publication: Chatham

Country of publication: United States, Chatham

Publication subject: Business And Economics--Accounting, Business And Economics--Banking And

Finance

Source type: Blogs, Podcasts, &Websites

Language of publication: English

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Last updated: 2020-03-23

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