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

StockNews.com started coverage on shares of Inuvo (NYSE:INUV) in a research report sent to investors on Sunday. The brokerage issued a hold rating on the stock.

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

Inuvo Price Performance

Shares of NYSE:INUV opened at $0.33 on Friday. The firm has a market capitalization of $45.73 million, a price-to-earnings ratio of -3.64 and a beta of 1.32. The business’s 50 day simple moving average is $0.39 and its 200-day simple moving average is $0.34. Inuvo has a 12 month low of $0.12 and a 12 month high of $0.57.

Inuvo (NYSE:INUV) last issued its quarterly earnings data on Thursday, February 29th. The company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $20.84 million for the quarter. Inuvo had a negative return on equity of 56.15% and a negative net margin of 14.06%. On average, equities analysts anticipate that Inuvo will post 0.01 earnings per share for the current year.

Institutional Investors Weigh In On Inuvo

A number of large investors have recently bought and sold shares of the stock. Procyon Advisors LLC grew its holdings in shares of Inuvo by 121.8% during the fourth quarter. Procyon Advisors LLC now owns 61,600 shares of the company’s stock worth $26,000 after buying an additional 33,827 shares in the last quarter. Prudential Financial Inc. acquired a new stake in Inuvo during the second quarter worth approximately $34,000. Cetera Investment Advisers purchased a new stake in Inuvo in the 4th quarter worth approximately $43,000. Renaissance Technologies LLC grew its stake in Inuvo by 175.0% in the 2nd quarter. Renaissance Technologies LLC now owns 144,100 shares of the company’s stock worth $71,000 after acquiring an additional 91,700 shares during the period. Finally, Citadel Advisors LLC raised its holdings in Inuvo by 447.3% in the 4th quarter. Citadel Advisors LLC now owns 182,803 shares of the company’s stock valued at $78,000 after acquiring an additional 149,404 shares during the last quarter. Institutional investors and hedge funds own 29.36% of the company’s stock.

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.