StockNews.com Initiates Coverage on Inuvo (NYSE:INUV)

Stock analysts at StockNews.com started coverage on shares of Inuvo (NYSE:INUV) in a research note issued on Friday. The brokerage set a “hold” rating on the stock.

Separately, LADENBURG THALM/SH SH started coverage on shares of Inuvo in a report on Tuesday, April 2nd. They set a “buy” rating and a $1.00 target price for the company.

Inuvo Price Performance

Inuvo stock opened at $0.34 on Friday. The company has a market capitalization of $47.98 million, a PE ratio of -4.29 and a beta of 1.19. The firm has a fifty day simple moving average of $0.28 and a two-hundred day simple moving average of $0.35. Inuvo has a twelve month low of $0.12 and a twelve month high of $0.57.

Inuvo (NYSE:INUV) last posted its quarterly earnings results on Tuesday, May 7th. The company reported ($0.02) earnings per share for the quarter. The business had revenue of $17.02 million during the quarter. Inuvo had a negative return on equity of 51.44% and a negative net margin of 11.46%. As a group, equities analysts expect that Inuvo will post -0.01 earnings per share for the current fiscal year.

Institutional Trading of Inuvo

Institutional investors and hedge funds have recently bought and sold shares of the stock. Perkins Capital Management Inc. increased its stake in shares of Inuvo by 11.9% during the fourth quarter. Perkins Capital Management Inc. now owns 7,043,457 shares of the company’s stock valued at $2,993,000 after purchasing an additional 749,250 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Inuvo by 0.8% during the first quarter. Vanguard Group Inc. now owns 5,495,657 shares of the company’s stock valued at $1,874,000 after purchasing an additional 46,290 shares in the last quarter. Finally, Procyon Advisors LLC increased its stake in shares of Inuvo by 121.8% during the fourth quarter. Procyon Advisors LLC now owns 61,600 shares of the company’s stock valued at $26,000 after purchasing an additional 33,827 shares in the last quarter. 29.36% of the stock is currently owned by hedge funds and other institutional investors.

Inuvo Company Profile

Inuvo, Inc engages in the advertising technology and services business primarily in the United States. It sells information technology solutions to brands, agencies, and large consolidators of advertising demand (platforms). Its platforms optimize the purchase and placement of advertising in real time.