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

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

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

Inuvo Price Performance

Shares of INUV opened at $0.25 on Wednesday. The firm has a 50 day simple moving average of $0.29 and a two-hundred day simple moving average of $0.36. The company has a market cap of $35.28 million, a P/E ratio of -3.15 and a beta of 1.19. Inuvo has a one year low of $0.12 and a one year high of $0.57.

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

Institutional Trading of Inuvo

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Procyon Advisors LLC increased its holdings in Inuvo by 121.8% in 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 during the period. Vanguard Group Inc. increased its holdings in Inuvo by 0.8% in 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 during the period. Finally, Perkins Capital Management Inc. increased its holdings in Inuvo by 11.9% in 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 during the period. 29.36% of the stock is currently owned by institutional investors and hedge funds.

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.