StockNews.com initiated coverage on shares of Inuvo (NYSE:INUV – Free Report) in a report released on Sunday morning. The brokerage issued 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 issued a buy rating and a $1.00 price objective on the stock.
Check Out Our Latest Research Report on INUV
Inuvo Stock Down 1.6 %
Inuvo (NYSE:INUV – Get Free Report) last announced its 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%. As a group, sell-side analysts expect that Inuvo will post 0.01 earnings per share for the current year.
Institutional Investors Weigh In On Inuvo
Institutional investors have recently bought and sold shares of the company. Procyon Advisors LLC boosted its stake in Inuvo by 121.8% in the fourth quarter. Procyon Advisors LLC now owns 61,600 shares of the company’s stock valued at $26,000 after acquiring an additional 33,827 shares in the last quarter. Prudential Financial Inc. purchased a new position in shares of Inuvo in the second quarter worth $34,000. Renaissance Technologies LLC raised its holdings in shares of Inuvo by 175.0% in the second quarter. Renaissance Technologies LLC now owns 144,100 shares of the company’s stock worth $71,000 after buying an additional 91,700 shares during the last quarter. Citadel Advisors LLC raised its holdings in shares of Inuvo by 447.3% in the fourth quarter. Citadel Advisors LLC now owns 182,803 shares of the company’s stock worth $78,000 after buying an additional 149,404 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new position in shares of Inuvo in the fourth quarter worth $43,000. 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.
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