Insider Buying: Inuvo Director Acquires 40,572 Shares of Stock (INUV)
Inuvo (NASDAQ:INUV) Director Patrick Terrell purchased 40,572 shares of Inuvo stock on the open market in a transaction that occurred on Friday, June 13th. The shares were purchased at an average cost of $0.85 per share, with a total value of $34,486.20. Following the transaction, the director now directly owns 530,572 shares in the company, valued at approximately $450,986. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Inuvo (NASDAQ:INUV) traded down 2.69% during mid-day trading on Monday, hitting $0.91. 467,061 shares of the company’s stock traded hands. Inuvo has a one year low of $0.63 and a one year high of $1.94. The stock’s 50-day moving average is $0.79 and its 200-day moving average is $1.07. The company has a market cap of $21.4 million and a P/E ratio of 15.08.
Inuvo (NASDAQ:INUV) last released its earnings data 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.
A number of analysts have recently weighed in on INUV shares. 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, Inc develops software and analytics technology that is accessible over the Internet for use by online advertisers and Website publishers.
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