Inuvo (NYSE:INUV) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Inuvo (NYSE:INUV) in a research note published on Tuesday morning. The firm issued a hold rating on the stock.

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

Inuvo Stock Performance

Shares of INUV opened at $0.27 on Tuesday. The firm has a market capitalization of $38.05 million, a price-to-earnings ratio of -3.40 and a beta of 1.02. The business’s fifty day moving average price is $0.29 and its two-hundred day moving average price is $0.36. Inuvo has a 52 week low of $0.12 and a 52 week high of $0.57.

Inuvo (NYSE:INUV) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.02) EPS for the quarter. The firm had revenue of $17.02 million during the quarter. Inuvo had a negative net margin of 11.46% and a negative return on equity of 51.44%. As a group, research analysts forecast that Inuvo will post -0.01 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Procyon Advisors LLC boosted its position in shares of 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 purchasing an additional 33,827 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of 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 purchasing an additional 46,290 shares during the last quarter. Finally, Perkins Capital Management Inc. boosted its position in shares of 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 purchasing an additional 749,250 shares during the last quarter. 29.36% of the stock is currently owned by institutional investors.

About Inuvo

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.