StockNews.com started coverage on shares of Inuvo (NYSE:INUV – Free Report) in a research note released on Monday. The firm issued a hold rating on the stock.
Separately, LADENBURG THALM/SH SH initiated coverage on Inuvo in a report on Tuesday, April 2nd. They set a buy rating and a $1.00 price objective on the stock.
Read Our Latest Report on Inuvo
Inuvo Stock Performance
Inuvo (NYSE:INUV – Get Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $17.02 million for the quarter. Inuvo had a negative return on equity of 51.44% and a negative net margin of 11.46%. On average, equities analysts predict that Inuvo will post -0.01 EPS for the current fiscal year.
Hedge Funds Weigh In On Inuvo
Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Inuvo by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 5,495,657 shares of the company’s stock valued at $1,874,000 after acquiring an additional 46,290 shares in the last quarter. Perkins Capital Management Inc. grew its stake in Inuvo by 11.9% during the 4th quarter. Perkins Capital Management Inc. now owns 7,043,457 shares of the company’s stock valued at $2,993,000 after acquiring an additional 749,250 shares in the last quarter. Finally, Procyon Advisors LLC grew its stake in Inuvo by 121.8% during the 4th quarter. Procyon Advisors LLC now owns 61,600 shares of the company’s stock valued at $26,000 after acquiring an additional 33,827 shares in the last quarter. Hedge funds and other 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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