StockNews.com initiated coverage on shares of Inuvo (NYSE:INUV – Free Report) in a report released 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 report on Tuesday, April 2nd. They issued a buy rating and a $1.00 target price on the stock.
Get Our Latest Stock Analysis on INUV
Inuvo Trading Up 7.5 %
Inuvo (NYSE:INUV – Get Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.02) earnings per share for the quarter. Inuvo had a negative net margin of 11.46% and a negative return on equity of 51.44%. The firm had revenue of $17.02 million during the quarter. On average, analysts predict that Inuvo will post -0.01 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of INUV. Procyon Advisors LLC grew its position in Inuvo by 121.8% during 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. grew its position in Inuvo by 0.8% during 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. grew its position in Inuvo by 11.9% during 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 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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