Insider Buying: Charles D. Morgan Buys 25,000 Shares of Inuvo Stock (INUV)
Inuvo (NASDAQ:INUV) Director Charles D. Morgan bought 25,000 shares of the company’s stock in a transaction that occurred on Monday, June 9th. The shares were purchased at an average cost of $0.82 per share, for a total transaction of $20,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on INUV. 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) opened at 0.91 on Friday. Inuvo has a 52-week low of $0.63 and a 52-week high of $1.94. The stock’s 50-day moving average is $0.78 and its 200-day moving average is $1.07. The company has a market cap of $21.4 million and a price-to-earnings ratio of 13.55.
Inuvo (NASDAQ:INUV) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.03 earnings per share for the quarter. During the same quarter last 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.