StockNews.com Begins Coverage on Inuvo (NYSE:INUV)

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

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

Inuvo Trading Down 2.7 %

Inuvo stock opened at $0.32 on Monday. The firm has a 50 day simple moving average of $0.39 and a 200 day simple moving average of $0.34. Inuvo has a 1-year low of $0.12 and a 1-year high of $0.57. The firm has a market capitalization of $44.61 million, a price-to-earnings ratio of -3.56 and a beta of 1.32.

Inuvo (NYSE:INUV) last posted its quarterly earnings results on Thursday, February 29th. The company reported ($0.02) EPS for the quarter. Inuvo had a negative return on equity of 56.15% and a negative net margin of 14.06%. The company had revenue of $20.84 million during the quarter. On average, equities research analysts forecast that Inuvo will post 0.01 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC boosted its stake in Inuvo by 447.3% during the fourth quarter. Citadel Advisors LLC now owns 182,803 shares of the company’s stock valued at $78,000 after buying an additional 149,404 shares during the period. Northern Trust Corp boosted its position in shares of Inuvo by 14.2% during the 4th quarter. Northern Trust Corp now owns 228,524 shares of the company’s stock valued at $97,000 after acquiring an additional 28,359 shares during the last quarter. Perkins Capital Management Inc. boosted its position in shares of Inuvo by 11.9% during the 4th quarter. Perkins Capital Management Inc. now owns 7,043,457 shares of the company’s stock valued at $2,993,000 after acquiring an additional 749,250 shares during the last quarter. Procyon Advisors LLC grew 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 purchasing an additional 33,827 shares in the last quarter. Finally, Clearline Capital LP bought a new position in shares of Inuvo in the second quarter worth approximately $342,000. 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.