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

INNERWORKINGS, INC.

(INWK)
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INNERWORKINGS ALERT: Bragar Eagel & Squire, P.C. is Investigating InnerWorkings, Inc. on Behalf of Stockholders and Encourages Investors to Contact the Firm

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03/23/2020 | 04:10pm EDT

Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against InnerWorkings, Inc. (NASDAQ: INWK) on behalf of InnerWorkings stockholders. Our investigation concerns whether InnerWorkings has violated the federal securities laws and/or engaged in other unlawful business practices.

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On March 16, 2020, InnerWorkings issued a press release announcing the Company’s financial and operating results for the fourth quarter and full year 2019. Therein, the Company’s Chief Financial Officer stated, that “[a]s a result of the material weaknesses previously disclosed, insufficient evidence existed to support the recognition of revenue in arrangements containing bill and hold provisions. Therefore, we deferred the related revenue until product shipped from our warehouse.”

On this news, InnerWorkings’ stock price fell $0.36 per share, or 17.65%, to close at $1.68 per share on March 17, 2020.

If you purchased or otherwise acquired InnerWorkings shares and suffered a loss, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato or Marion Passmore by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.


© Business Wire 2020
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Financials (USD)
Sales 2020 1 062 M - -
Net income 2020 -3,78 M - -
Net Debt 2020 - - -
P/E ratio 2020 -16,9x
Yield 2020 -
Capitalization 59,2 M 59,2 M -
EV / Sales 2019
Capi. / Sales 2020 0,06x
Nbr of Employees 2 100
Free-Float 62,9%
Chart INNERWORKINGS, INC.
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Technical analysis trends INNERWORKINGS, INC.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 3
Average target price 3,50 $
Last Close Price 1,13 $
Spread / Highest target 298%
Spread / Average Target 210%
Spread / Lowest Target 165%
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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