StockNews.com started coverage on shares of Inuvo (NYSE:INUV – Free Report) in a report issued on Thursday morning. The firm 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 target price for the company.
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Inuvo Price Performance
Inuvo (NYSE:INUV – Get Free Report) last announced its earnings results on Tuesday, May 7th. The company reported ($0.02) earnings per share (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, analysts expect that Inuvo will post -0.01 earnings per share for the current year.
Institutional Trading of Inuvo
Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Inuvo by 0.8% during the first quarter. Vanguard Group Inc. now owns 5,495,657 shares of the company’s stock valued at $1,874,000 after buying an additional 46,290 shares during the period. Perkins Capital Management Inc. boosted its position in Inuvo by 11.9% during the fourth quarter. Perkins Capital Management Inc. now owns 7,043,457 shares of the company’s stock valued at $2,993,000 after buying an additional 749,250 shares during the period. Finally, Procyon Advisors LLC boosted its position in Inuvo by 121.8% during the fourth quarter. Procyon Advisors LLC now owns 61,600 shares of the company’s stock valued at $26,000 after buying an additional 33,827 shares during the period. 29.36% of the stock is currently owned by hedge funds and other institutional investors.
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.
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