StockNews.com assumed coverage on shares of Inuvo (NYSE:INUV – Free Report) in a research report report published on Tuesday morning. The brokerage issued a hold rating on the stock.
Separately, LADENBURG THALM/SH SH assumed coverage on Inuvo in a research report on Tuesday, April 2nd. They set a buy rating and a $1.00 target price for the company.
Read Our Latest Stock Analysis on Inuvo
Inuvo Trading Down 7.9 %
Inuvo (NYSE:INUV – Get Free Report) last posted its earnings results 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 company had revenue of $17.02 million for the quarter. On average, equities research analysts predict that Inuvo will post -0.01 earnings per share for the current year.
Institutional Trading of Inuvo
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INUV. Procyon Advisors LLC lifted its holdings in shares of Inuvo by 121.8% during the fourth quarter. Procyon Advisors LLC now owns 61,600 shares of the company’s stock worth $26,000 after buying an additional 33,827 shares during the last quarter. Vanguard Group Inc. raised 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 purchasing an additional 46,290 shares during the last quarter. Finally, Perkins Capital Management Inc. boosted its holdings in Inuvo by 11.9% in the 4th quarter. Perkins Capital Management Inc. now owns 7,043,457 shares of the company’s stock valued at $2,993,000 after purchasing an additional 749,250 shares during the period. Institutional investors and hedge funds own 29.36% of the company’s stock.
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.
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