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

INNERWORKINGS, INC.

(INWK)
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Levi & Korsinsky, LLP Reminds Shareholders of InnerWorkings, Inc. of Commencement of a Class Action Lawsuit and a Lead Plaintiff Deadline of July 9, 2018

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05/29/2018 | 02:50pm EDT

The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of InnerWorkings, Inc. ("InnerWorkings") (NASDAQ:INWK) between August 11, 2015 and May 7, 2018. You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the Central District of California. To get more information go to:

http://www.zlk.com/pslra-d/innerworkings-investigation?wire=2

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The complaint alleges that throughout the class period Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) 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; and (ii) as a result, InnerWorkings' public statements were materially false and misleading at all relevant times. On May 7, 2018, InnerWorkings issued a Form 8-K announcing non-reliance on previous financial statements for 2015, 2016, and 2017. The Company also announced it would postpone the release of its first quarter 2018 financial result and conference call due to the errors in its historical financial statements.

If you suffered a loss in InnerWorkings you have until July 9, 2018 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.


© 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 -24,6x
P/E ratio 2021 8,21x
Capi. / Sales2020 0,05x
Capi. / Sales2021 0,05x
Capitalization 59,8 M
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Mean consensus BUY
Number of Analysts 3
Average target price 4,50  $
Last Close Price 1,15  $
Spread / Highest target 422%
Spread / Average Target 291%
Spread / Lowest Target 161%
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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