StockNews.com started coverage on shares of Inuvo (NYSE:INUV – Free Report) in a research note issued to investors on Saturday morning. The firm issued a hold rating on the stock.
Separately, LADENBURG THALM/SH SH assumed coverage on shares of Inuvo in a research note on Tuesday, April 2nd. They issued a buy rating and a $1.00 price target on the stock.
Check Out Our Latest Stock Analysis on Inuvo
Inuvo Stock Performance
Inuvo (NYSE:INUV – Get Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $17.02 million during the quarter. Inuvo had a negative return on equity of 51.44% and a negative net margin of 11.46%. On average, sell-side analysts forecast that Inuvo will post -0.01 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Inuvo
Hedge funds have recently bought and sold shares of the company. Procyon Advisors LLC raised its position in Inuvo by 121.8% in the 4th quarter. Procyon Advisors LLC now owns 61,600 shares of the company’s stock worth $26,000 after buying an additional 33,827 shares during the last quarter. Perkins Capital Management Inc. raised its position in Inuvo by 11.9% in 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 last quarter. Finally, Vanguard Group Inc. raised its position in Inuvo by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 5,495,657 shares of the company’s stock worth $1,874,000 after buying an additional 46,290 shares during the last quarter. Institutional investors 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.
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