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MarketScreener Homepage  >  Equities  >  Nasdaq  >  InnerWorkings, Inc.    INWK

INNERWORKINGS, INC.

(INWK)
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Brower Piven Encourages Shareholders Who Have Losses in Excess of $100,000 from Investment in InnerWorkings, Inc. to Contact Brower Piven before the Lead Plaintiff Deadline in Class Action Lawsuit

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05/25/2018 | 08:16pm EDT

The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the United States District Court for the Central District of California on behalf of purchasers of InnerWorkings, Inc. (Nasdaq: INWK) (“InnerWorkings” or the “Company”) securities during the period between August 11, 2015 through May 7, 2018, inclusive (the “Class Period”). Investors who wish to become proactively involved in the litigation have until July 9, 2018 to seek appointment as lead plaintiff.

If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in InnerWorkings securities during the Class Period. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action.

The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the defendants’ failure to disclose during the Class Period that InnerWorkings’ financial statements for the fiscal years ending December 31, 2015, 2016, and 2017, as well as all interim periods, contained errors that required restating.

According to the complaint, following a May 7, 2018 announcement that many of the Company’s historical financial statements contained errors which required restatement, the value of InnerWorkings declined significantly.

If you have suffered a loss in excess of $100,000 from investment in InnerWorkings securities purchased on or after August 11, 2015 and held through the revelation of negative information during and/or at the end of the Class Period and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, without cost or obligation to you, please contact Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s. If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a member of the class.


© Business Wire 2018
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Financials (USD)
Sales 2020 1 130 M
EBIT 2020 16,2 M
Net income 2020 -2,72 M
Debt 2020 -
Yield 2020 -
P/E ratio 2020 -25,1x
P/E ratio 2021 8,36x
Capi. / Sales2020 0,05x
Capi. / Sales2021 0,05x
Capitalization 60,8 M
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Technical analysis trends INNERWORKINGS, INC.
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Mean consensus BUY
Number of Analysts 3
Average target price 4,50  $
Last Close Price 1,17  $
Spread / Highest target 413%
Spread / Average Target 285%
Spread / Lowest Target 156%
EPS Revisions
Managers
NameTitle
Richard S. Stoddart President, Chief Executive Officer & Director
Jack M. Greenberg Chairman
Donald W. Pearson Chief Financial Officer & Executive Vice President
Adan K. Pope Chief Technology Officer
Charles Kellogg Bobrinskoy Independent Director
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