Inuvo (NYSE:INUV) Coverage Initiated by Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Inuvo (NYSE:INUV) in a report issued on Sunday. The firm set a “hold” rating on the stock.

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

Inuvo Price Performance

Shares of NYSE INUV opened at $0.33 on Friday. Inuvo has a 1 year low of $0.12 and a 1 year high of $0.57. The stock has a market capitalization of $46.09 million, a P/E ratio of -3.67 and a beta of 1.32. The company’s 50-day moving average is $0.40 and its 200 day moving average is $0.34.

Inuvo (NYSE:INUV) last posted its quarterly earnings data on Thursday, February 29th. The company reported ($0.02) earnings per share for the quarter. Inuvo had a negative net margin of 14.06% and a negative return on equity of 56.15%. The firm 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.

Hedge Funds Weigh In On Inuvo

Hedge funds have recently bought and sold shares of the business. Procyon Advisors LLC grew its stake in shares of Inuvo by 121.8% in the fourth quarter. Procyon Advisors LLC now owns 61,600 shares of the company’s stock worth $26,000 after acquiring an additional 33,827 shares during the period. Prudential Financial Inc. bought a new stake in Inuvo in the 2nd quarter worth approximately $34,000. Cetera Investment Advisers bought a new stake in Inuvo in the 4th quarter worth approximately $43,000. Renaissance Technologies LLC raised its stake in Inuvo by 175.0% during the 2nd quarter. Renaissance Technologies LLC now owns 144,100 shares of the company’s stock valued at $71,000 after buying an additional 91,700 shares during the last quarter. Finally, Citadel Advisors LLC lifted its holdings in shares of Inuvo by 447.3% during the 4th 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. 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.