StockNews.com initiated coverage on shares of Inuvo (NYSE:INUV – Free Report) in a research report sent to investors on Friday. The firm issued a hold rating on the stock.
Separately, LADENBURG THALM/SH SH started coverage on shares of Inuvo in a report on Tuesday, April 2nd. They set a buy rating and a $1.00 target price for the company.
Read Our Latest Report on Inuvo
Inuvo Trading Down 1.0 %
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. The firm 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%. Research analysts forecast that Inuvo will post -0.01 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Procyon Advisors LLC lifted its stake in shares of Inuvo by 121.8% in the 4th 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. Vanguard Group Inc. raised its holdings in Inuvo by 0.8% in the first quarter. Vanguard Group Inc. now owns 5,495,657 shares of the company’s stock worth $1,874,000 after purchasing an additional 46,290 shares in the last quarter. Finally, Perkins Capital Management Inc. lifted its position in Inuvo by 11.9% during the fourth quarter. Perkins Capital Management Inc. now owns 7,043,457 shares of the company’s stock valued at $2,993,000 after buying an additional 749,250 shares during the period. 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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