Insider Buying: Charles D. Morgan Acquires 25,000 Shares of Inuvo Stock (INUV)
Inuvo (NASDAQ:INUV) Director Charles D. Morgan purchased 25,000 shares of Inuvo stock on the open market in a transaction dated Monday, June 9th. The stock was purchased at an average price of $0.82 per share, for a total transaction of $20,500.00. The acquisition was disclosed in a document filed with the SEC, 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.
Shares of Inuvo (NASDAQ:INUV) traded up 1.19% on Thursday, hitting $0.85. The stock had a trading volume of 16,280 shares. Inuvo has a 52 week low of $0.63 and a 52 week high of $1.94. The stock has a 50-day moving average of $0.78 and a 200-day moving average of $1.07. The company has a market cap of $20.0 million and a price-to-earnings ratio of 13.55.
Inuvo (NASDAQ:INUV) last released its earnings data on Thursday, April 24th. The company reported $0.03 earnings per share (EPS) for the quarter. During the same quarter in the previous year, the company posted ($0.04) earnings per share. Analysts expect that Inuvo will post $0.05 EPS 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.
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