Insider Buying: Inuvo Inc (NYSEAMERICAN:INUV) Director Acquires $56,571.48 in Stock

Inuvo Inc (NYSEAMERICAN:INUV) Director Patrick Terrell purchased 314,286 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The shares were purchased at an average cost of $0.18 per share, with a total value of $56,571.48. Following the completion of the acquisition, the director now directly owns 1,331,980 shares in the company, valued at $239,756.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of INUV stock opened at $0.23 on Thursday. Inuvo Inc has a 12-month low of $0.09 and a 12-month high of $1.75.

Inuvo (NYSEAMERICAN:INUV) last announced its quarterly earnings results on Wednesday, March 25th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02).

An institutional investor recently bought a new position in Inuvo stock. Herald Investment Management Ltd bought a new position in Inuvo Inc (NYSEAMERICAN:INUV) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,000,000 shares of the technology company’s stock, valued at approximately $1,354,000. Herald Investment Management Ltd owned about 10.20% of Inuvo at the end of the most recent quarter.

Separately, Zacks Investment Research downgraded shares of Inuvo from a “buy” rating to a “hold” rating in a report on Saturday, January 4th.

Inuvo Company Profile

Inuvo, Inc, together with its subsidiaries, a technology company, provides data-driven platforms that automatically identify and message online audiences across video, mobile, connected TV, display, and social and native devices, channels, and formats in the United States. The company's digital marketplace allows advertisers and publishers the opportunity to buy and sell advertising space in real time.

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