Inuvo (NYSE:INUV) Earns Hold Rating from Analysts at StockNews.com

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

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

Inuvo Stock Performance

Inuvo stock opened at $0.33 on Tuesday. Inuvo has a fifty-two week low of $0.12 and a fifty-two week high of $0.57. The stock has a market cap of $46.65 million, a P/E ratio of -3.72 and a beta of 1.32. The firm’s fifty day moving average price is $0.38 and its 200-day moving average price is $0.35.

Inuvo (NYSE:INUV) last issued its quarterly earnings results on Thursday, February 29th. The company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $20.84 million for 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 earnings per share for the current year.

Institutional Investors Weigh In On Inuvo

An institutional investor recently raised its position in Inuvo stock. Perkins Capital Management Inc. boosted its holdings in Inuvo, Inc. (NYSE:INUV) by 11.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm 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 portfolio, making the stock its 10th largest position. Perkins Capital Management Inc. owned approximately 5.10% of Inuvo worth $2,993,000 as of its most recent SEC filing. 29.36% of the stock is owned by institutional investors and hedge funds.

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.