Inuvo (NYSE:INUV) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Inuvo (NYSE:INUV) in a research note issued to investors on Tuesday morning. The firm issued a hold rating on the stock.

Separately, LADENBURG THALM/SH SH initiated coverage on Inuvo in a research note on Tuesday, April 2nd. They issued a buy rating and a $1.00 price objective on the stock.

Inuvo Stock Down 3.9 %

Shares of NYSE INUV opened at $0.33 on Tuesday. Inuvo has a twelve month low of $0.12 and a twelve month high of $0.57. The stock’s 50 day moving average price is $0.38 and its 200-day moving average price is $0.35. The company has a market capitalization of $45.53 million, a PE ratio of -3.63 and a beta of 1.32.

Inuvo (NYSE:INUV) last posted its quarterly earnings data on Thursday, February 29th. The company reported ($0.02) EPS 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 during the quarter. As a group, research analysts expect that Inuvo will post 0.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Inuvo

A hedge fund recently raised its stake in Inuvo stock. Perkins Capital Management Inc. raised its holdings in shares of Inuvo, Inc. (NYSE:INUV) by 11.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,043,457 shares of the company’s stock after acquiring an additional 749,250 shares during the quarter. Inuvo comprises approximately 2.6% of Perkins Capital Management Inc.’s portfolio, making the stock its 10th biggest holding. 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.

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.