An investigation on behalf of investors in NYSE:XOXO shares was announced concerning possible violations of securities laws violations by XO Group Inc and certain of its directors and officers.
Investors who purchased shares of XO Group Inc (NYSE:XOXO), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on whether certain statements by XO Group Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On February 28, 2017, XO Group Inc reported its fourth quarter and full year 2016 results. XO Group Inc reported that its annual Total Revenue rose from $141.64 million in 2015 to $152.12 million in 2016 and that its Net Income grew from $5.46 million in 2015 to $1.212 million in 2016. Shares of XO Group Inc (NYSE:XOXO) declined from $18.73 per share on February 28, 2017 to as low as $14.99 per share on March 1, 2017.
On March 13, 2017, XO Group Inc filed its annual report with the Securities and Exchange Commission (“SEC”). XO Group Inc revealed that it had identified a material weakness in its internal control over financial reporting and said that the material weakness related to its controls over national online revenue recognition.
On March 27, 2017, NYSE:XOXO shares closed at $17.01 per share.
Those who purchased NYSE:XOXO shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com