Inuvo (NYSE:INUV) Now Covered by Analysts at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Inuvo (NYSE:INUV) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the stock.

Separately, LADENBURG THALM/SH SH began coverage on shares of Inuvo in a research note on Tuesday, April 2nd. They issued a “buy” rating and a $1.00 price objective for the company.

Inuvo Trading Down 21.2 %

Shares of NYSE:INUV opened at $0.26 on Tuesday. Inuvo has a 12 month low of $0.12 and a 12 month high of $0.57. The stock has a market cap of $36.94 million, a P/E ratio of -3.30 and a beta of 1.02. The company has a 50 day moving average of $0.30 and a 200 day moving average of $0.36.

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

Institutional Investors Weigh In On Inuvo

Several institutional investors have recently added to or reduced their stakes in the company. Perkins Capital Management Inc. increased its stake in shares of Inuvo by 11.9% in the 4th quarter. Perkins Capital Management Inc. now owns 7,043,457 shares of the company’s stock worth $2,993,000 after acquiring an additional 749,250 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Inuvo by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 5,495,657 shares of the company’s stock worth $1,874,000 after acquiring an additional 46,290 shares in the last quarter. Finally, Procyon Advisors LLC increased its stake in shares of Inuvo by 121.8% in the 4th quarter. Procyon Advisors LLC now owns 61,600 shares of the company’s stock worth $26,000 after acquiring an additional 33,827 shares in the last quarter. Hedge funds and other institutional investors own 29.36% of the company’s stock.

About Inuvo

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.