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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Intersect ENT Inc    XENT

INTERSECT ENT INC

(XENT)
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The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Intersect ENT, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

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05/16/2019 | 01:47pm EDT

The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Intersect ENT, Inc. (“Intersect” or “the Company”) (NASDAQ: XENT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's shares between August 1, 2018 and May 6, 2019, inclusive (the “Class Period”), are encouraged to contact the firm before July 15, 2019.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Intersect failed to maintain the necessary force of reimbursement representatives to ensure physicians’ access to SINUVA, its sinus implant. This caused the Company’s sales force to concentrate on helping with reimbursement as opposed to driving sales growth. Physicians became less likely to adopt the Company’s products due to transaction costs and delays in reimbursement. Intersect eventually hired staff to address these issues. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Intersect, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.


© Business Wire 2019
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Financials ($)
Sales 2019 116 M
EBIT 2019 -42,5 M
Net income 2019 -40,5 M
Finance 2019 24,0 M
Yield 2019 -
P/E ratio 2019 -
P/E ratio 2020
EV / Sales 2019 6,71x
EV / Sales 2020 5,71x
Capitalization 803 M
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Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 32,4 $
Spread / Average Target 26%
EPS Revisions
Managers
NameTitle
Lisa D. Earnhardt President, Chief Executive Officer & Director
Christine R. Kowalski Chief Operating Officer
Jeryl L. Hilleman Chief Financial Officer
Dana George Mead Independent Director
Frederic H. Moll Independent Director
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