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Inuvo (NYSE:INUV) Gets Hold Rating from StockNews.com Analysts

Inuvo (NYSE:INUV) Gets Hold Rating from StockNews.com Analysts

Stock analysts StockNews.com default security on shares Inuv ( (Fig)NYSE:INUVGet a Free Report) In a research report issued to clients and investors on Thursday, the brokerage firm set a “hold” rating on the stock.

Separately, LADENBURG THALM/SH SH initiated coverage on Inuvo in a research report on Tuesday, April 2. They issued a “buy” rating and a $1.00 target price on the stock.

Get Our Latest Stock Analysis on INUV

Inuvo Trading Up 3.3%

NYSE:INUV It opened at $0.27 on Thursday. The company’s market cap is $37.87 million, its price-to-earnings ratio is -3.38, and its beta is 1.19. Inuvo has a 1-year low of $0.12 and a 1-year high of $0.57. The company’s 50-day moving average is $0.28 and its 200-day moving average is $0.35.

Inuv ( (Fig)NYSE:INUVGet a Free Report) released its latest quarterly earnings results on Tuesday, May 7th. The company reported ($0.02) earnings per share for the quarter. Inuvo had a negative net margin of 11.46% and a negative return on equity of 51.44%. The business had revenue of $17.02 million for the quarter. Equity analysts are forecasting Inuvo to report -0.01 earnings per share for the current year.

Institutional Entries and Exits

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

About Inuvo

(Get a Free Report)

Inuvo, Inc. is engaged 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 buying and placement of ads in real time.

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