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

Equities researchers at StockNews.com began coverage on shares of Inuvo (NYSE:INUV) in a research report issued on Wednesday. The firm 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 issued a “buy” rating and a $1.00 target price on the stock.

Inuvo Stock Performance

INUV stock opened at $0.35 on Wednesday. The firm has a 50 day moving average of $0.37 and a 200-day moving average of $0.35. The firm has a market capitalization of $48.96 million, a P/E ratio of -3.89 and a beta of 1.29. Inuvo has a 12 month low of $0.12 and a 12 month high of $0.57.

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

Institutional Trading of Inuvo

An institutional investor recently raised its position in Inuvo stock. Procyon Advisors LLC increased its holdings in Inuvo, Inc. (NYSE:INUV) by 121.8% in the fourth quarter, according to its most recent 13F filing with the SEC. 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 SEC filing. 29.36% of the stock is currently owned by institutional investors and hedge funds.

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.