Inuvo (NYSE:INUV) Receives New Coverage from Analysts at StockNews.com

Stock analysts at StockNews.com began 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 Inuvo in a research note on Tuesday, April 2nd. They set a “buy” rating and a $1.00 target price for the company.

Inuvo Stock Up 1.7 %

INUV opened at $0.34 on Tuesday. The company has a 50 day moving average of $0.38 and a two-hundred day moving average of $0.35. Inuvo has a 52-week low of $0.12 and a 52-week high of $0.57. The company has a market cap of $47.40 million, a P/E ratio of -3.78 and a beta of 1.32.

Inuvo (NYSE:INUV) last issued its quarterly earnings data 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 for the quarter. Research analysts anticipate that Inuvo will post 0.01 earnings per share for the current year.

Institutional Trading of Inuvo

An institutional investor recently raised its position in Inuvo stock. Perkins Capital Management Inc. boosted its position in Inuvo, Inc. (NYSE:INUV) by 11.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,043,457 shares of the company’s stock after purchasing an additional 749,250 shares during the quarter. Inuvo comprises 2.6% of Perkins Capital Management Inc.’s holdings, making the stock its 10th biggest position. Perkins Capital Management Inc. owned approximately 5.10% of Inuvo worth $2,993,000 at the end of the most recent quarter. 29.36% of the stock is currently owned by hedge funds and other institutional investors.

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.