Inuvo (NYSE:INUV) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com started coverage on shares of Inuvo (NYSE:INUV) in a report issued on Monday. The firm set a “hold” rating on the stock.

Separately, LADENBURG THALM/SH SH began coverage on shares of Inuvo in a research report on Tuesday, April 2nd. They set a “buy” rating and a $1.00 price target for the company.

Inuvo Price Performance

Shares of Inuvo stock opened at $0.33 on Monday. The stock has a market cap of $46.05 million, a price-to-earnings ratio of -3.67 and a beta of 1.32. The firm’s 50-day moving average is $0.39 and its 200 day moving average is $0.34. Inuvo has a 1 year low of $0.12 and a 1 year high of $0.57.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Inuvo stock. Procyon Advisors LLC grew its stake in shares of Inuvo, Inc. (NYSE:INUV) by 121.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,600 shares of the company’s stock after purchasing an additional 33,827 shares during the quarter. Procyon Advisors LLC’s holdings in Inuvo were worth $26,000 at the end of the most recent quarter. 29.36% of the stock is currently owned by institutional investors and hedge funds.

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.