Inuvo (NYSE:INUV) Coverage Initiated at LADENBURG THALM/SH SH

Analysts at LADENBURG THALM/SH SH assumed coverage on shares of Inuvo (NYSE:INUV) in a research report issued on Tuesday, Benzinga reports. The brokerage set a “buy” rating and a $1.00 price target on the stock. LADENBURG THALM/SH SH’s target price would suggest a potential upside of 182.65% from the stock’s current price.

Separately, StockNews.com initiated coverage on Inuvo in a research report on Friday, March 29th. They set a “hold” rating for the company.

Inuvo Trading Up 3.8 %

INUV stock opened at $0.35 on Tuesday. The company has a market capitalization of $49.33 million, a PE ratio of -3.93 and a beta of 1.32. Inuvo has a 12-month low of $0.12 and a 12-month high of $0.57. The business’s fifty day moving average price is $0.41 and its 200 day moving average price is $0.33.

Inuvo (NYSE:INUV) last released its quarterly earnings data on Thursday, February 29th. The company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $20.84 million for the quarter. Inuvo had a negative return on equity of 56.15% and a negative net margin of 14.06%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Northern Trust Corp lifted its stake in shares of Inuvo by 14.2% in the fourth quarter. Northern Trust Corp now owns 228,524 shares of the company’s stock worth $97,000 after acquiring an additional 28,359 shares in the last quarter. State Street Corp increased its holdings in shares of Inuvo by 10.1% during the first quarter. State Street Corp now owns 312,054 shares of the company’s stock valued at $153,000 after purchasing an additional 28,691 shares during the period. Procyon Advisors LLC increased 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 valued at $26,000 after purchasing an additional 33,827 shares during the period. Prudential Financial Inc. acquired a new position in Inuvo during the second quarter worth about $34,000. Finally, Cetera Investment Advisers grew its holdings in Inuvo by 42.1% during the second quarter. Cetera Investment Advisers now owns 276,590 shares of the company’s stock worth $61,000 after acquiring an additional 81,960 shares during the period. Institutional investors and hedge funds 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.