Insider Buying: Richard K. Howe Buys 10,000 Shares of Inuvo Stock (INUV)
Inuvo (NASDAQ:INUV) CEO Richard K. Howe acquired 10,000 shares of Inuvo stock in a transaction that occurred on Monday, June 9th. The stock was purchased at an average cost of $0.81 per share, with a total value of $8,100.00. Following the completion of the purchase, the chief executive officer now directly owns 371,751 shares in the company, valued at approximately $301,118. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at TheStreet upgraded shares of Inuvo from a “sell” rating to a “hold” rating in a research note on Friday, May 30th. Separately, analysts at Taglich Brothers initiated coverage on shares of Inuvo in a research note on Wednesday, May 28th. They set a “speculative buy” rating and a $1.45 price target on the stock. Finally, analysts at Sidoti upgraded shares of Inuvo from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 30th.
Inuvo (NASDAQ:INUV) traded down 1.19% on Tuesday, hitting $0.83. The stock had a trading volume of 49,052 shares. Inuvo has a 1-year low of $0.63 and a 1-year high of $1.94. The stock’s 50-day moving average is $0.7 and its 200-day moving average is $1.08. The company has a market cap of $19.5 million and a price-to-earnings ratio of 13.55.
Inuvo (NASDAQ:INUV) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.03 EPS for the quarter. During the same quarter in the prior year, the company posted ($0.04) earnings per share. On average, analysts predict that Inuvo will post $0.05 earnings per share for the current fiscal year.
Inuvo, Inc develops software and analytics technology that is accessible over the Internet for use by online advertisers and Website publishers.