In a report released today, Kevin Steinke from Barrington maintained a Buy rating on InnerWorkings (INWK), with a price target of $5. The company’s shares opened today at $3.27, close to its 52-week low of $2.58.
According to TipRanks.com, Steinke is a 3-star analyst with an average return of 1.8% and a 54.4% success rate. Steinke covers the Services sector, focusing on stocks such as Cross Country Healthcare, Echo Global Logistics, and Cra Internationalinc.
Currently, the analyst consensus on InnerWorkings is a Moderate Buy with an average price target of $5, implying a 52.9% upside from current levels. In a report released today, Craig-Hallum also upgraded the stock to Buy.
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Based on InnerWorkings’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $2.46 million. In comparison, last year the company had a GAAP net loss of $299K.
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InnerWorkings, Inc. engages in the provision of marketing execution solutions. It includes procurement of marketing materials, branded merchandise, product packaging, and retail displays. It operates through the following segment: North America, EMEA, and LATAM. The North America segment includes operations in the United States, and Canada.
