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

Equities researchers at StockNews.com started coverage on shares of Inuvo (NYSE:INUV) in a research note issued on Monday. The brokerage set a “hold” rating on the stock.

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

Inuvo Stock Performance

Shares of NYSE INUV opened at $0.33 on Monday. Inuvo has a fifty-two week low of $0.12 and a fifty-two week high of $0.57. The firm has a market capitalization of $46.05 million, a PE ratio of -3.67 and a beta of 1.32. The stock’s 50-day simple moving average is $0.39 and its 200-day simple moving average is $0.34.

Inuvo (NYSE:INUV) last released 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 for the quarter. Inuvo had a negative return on equity of 56.15% and a negative net margin of 14.06%. On average, sell-side analysts forecast that Inuvo will post 0.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Inuvo stock. Procyon Advisors LLC boosted its position in shares of Inuvo, Inc. (NYSE:INUV) by 121.8% during the fourth quarter, according to the company in its most recent Form 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 quarter. Procyon Advisors LLC’s holdings in Inuvo were worth $26,000 at the end of the most recent reporting period. 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.