Inuvo (NYSE:INUV) Now Covered by StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Inuvo (NYSE:INUV) in a report issued on Tuesday. The brokerage set a “hold” rating on the stock.

Separately, LADENBURG THALM/SH SH began coverage on shares of Inuvo in a research note on Tuesday, April 2nd. They issued a “buy” rating and a $1.00 price objective on the stock.

Inuvo Price Performance

INUV stock opened at $0.33 on Tuesday. Inuvo has a twelve month low of $0.12 and a twelve month high of $0.57. The company has a market cap of $46.65 million, a P/E ratio of -3.72 and a beta of 1.32. The business has a fifty day moving average of $0.38 and a 200-day moving average of $0.35.

Inuvo (NYSE:INUV) last announced its quarterly earnings data on Thursday, February 29th. The company reported ($0.02) earnings per share for the quarter. The firm 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%. As a group, equities research analysts anticipate that Inuvo will post 0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Inuvo

An institutional investor recently raised its position in Inuvo stock. Procyon Advisors LLC boosted its holdings in Inuvo, Inc. (NYSE:INUV) by 121.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,600 shares of the company’s stock after purchasing an additional 33,827 shares during the period. Procyon Advisors LLC’s holdings in Inuvo were worth $26,000 as of its most recent filing with the Securities and Exchange Commission. 29.36% of the stock is owned by institutional investors and hedge funds.

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.