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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Yogaworks Inc    YOGA

YOGAWORKS INC

(YOGA)
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Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against YogaWorks, Inc. and Encourages Investors to Contact the Firm Before February 25

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01/11/2019 | 07:31pm EDT

The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Central District of California on behalf of all persons or entities who acquired YogaWorks, Inc. (“YogaWorks” or the “Company”) (NASDAQ: YOGA) securities between August 7, 2017 and December 27, 2018 (the “Class Period”). Investors have until February 25, 2019 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

According to the lawsuit, YogaWorks’ Registration Statement and Prospectus made materially misleading statements regarding: (1) YogaWorks’ studio-level economics and the adverse trends it faced in declining studio profitability; (2) reasons for YogaWorks’ declining revenue, including increasing corporate overhead costs; and (3) YogaWorks’ increasing corporate infrastructure costs and inability to achieve economies of scale.

On or around August 11, 2017, YogaWorks conducted its initial public offering (“IPO”), issuing approximately 7.3 million shares of common stock priced at $5.50 per share. As of December 27, 2018, YogaWorks’ stock closed at $0.45 or approximately 92% below its IPO price.

If you acquired YogaWorks securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at investigations@kmllp.com, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, and whistleblower litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website: www.kmllp.com.

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


© Business Wire 2019
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Financials ($)
Sales 2019 60,6 M
EBIT 2019 -13,6 M
Net income 2019 -13,6 M
Debt 2019 -
Yield 2019 -
P/E ratio 2019 -
P/E ratio 2020
Capi. / Sales 2019 0,20x
Capi. / Sales 2020 0,20x
Capitalization 12,2 M
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 2,17 $
Spread / Average Target 199%
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Managers
NameTitle
Rosanna McCollough President, CEO, COO & Director
Peter L. Garran Chairman
Vance Chang Chief Financial Officer
Michael Andrew Kumin Director
Michael J. Gerend Independent Director
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