Inuvo (NYSE:INUV) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Inuvo (NYSE:INUV) in a research report released on Friday. The brokerage issued a hold rating on the stock.

Separately, LADENBURG THALM/SH SH initiated coverage on Inuvo in a research note on Tuesday, April 2nd. They issued a buy rating and a $1.00 price objective on the stock.

Inuvo Price Performance

Shares of Inuvo stock remained flat at $0.30 during trading on Friday. 288,953 shares of the company traded hands, compared to its average volume of 287,400. Inuvo has a 52 week low of $0.12 and a 52 week high of $0.57. The business’s 50 day moving average price is $0.33 and its two-hundred day moving average price is $0.36.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Perkins Capital Management Inc. raised its holdings in Inuvo by 11.9% during the 4th quarter. Perkins Capital Management Inc. now owns 7,043,457 shares of the company’s stock worth $2,993,000 after buying an additional 749,250 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Inuvo by 0.8% during 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 during the period. Finally, Procyon Advisors LLC increased its position in Inuvo by 121.8% during the 4th quarter. Procyon Advisors LLC now owns 61,600 shares of the company’s stock worth $26,000 after purchasing an additional 33,827 shares in the last quarter. 29.36% of the stock is owned by hedge funds and other institutional investors.

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.