Inuvo (NYSE:INUV) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Inuvo (NYSE:INUV) in a report released on Monday morning. The firm issued a hold rating on the stock.

Separately, LADENBURG THALM/SH SH assumed coverage on Inuvo in a research note on Tuesday, April 2nd. They set a buy rating and a $1.00 target price for the company.

Inuvo Trading Up 3.1 %

Inuvo stock opened at $0.33 on Monday. Inuvo has a 12 month low of $0.12 and a 12 month high of $0.57. The stock’s 50 day simple moving average is $0.39 and its two-hundred day simple moving average is $0.34. The firm has a market cap of $46.01 million, a PE ratio of -3.67 and a beta of 1.32.

Inuvo (NYSE:INUV) last announced its earnings results on Thursday, February 29th. The company reported ($0.02) earnings per share 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%. On average, equities research analysts forecast that Inuvo will post 0.01 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Inuvo stock. Procyon Advisors LLC boosted its position in Inuvo, Inc. (NYSE:INUV) by 121.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 61,600 shares of the company’s stock after purchasing an additional 33,827 shares during the quarter. Procyon Advisors LLC’s holdings in Inuvo were worth $26,000 at the end of the most recent reporting period. Institutional investors 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.