Inuvo (INUV) Announces Quarterly Earnings, Beats Estimates By $0.03 EPS
Inuvo (NASDAQ:INUV) posted its quarterly earnings results on Thursday. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.03, Analyst Ratings Net reports.
Shares of Inuvo (NASDAQ:INUV) traded down 1.61% on Thursday, hitting $0.9759. 147,362 shares of the company’s stock traded hands. 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 $0.91 and a 200-day moving average of $0.96. The company has a market cap of $22.9 million and a price-to-earnings ratio of 16.00.
INUV has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Inuvo to a “neutral” rating in a research note on Thursday, June 26th. They now have a $0.90 price target on the stock. On a related note, analysts at Lake Street Capital initiated coverage on shares of Inuvo in a research note on Tuesday, June 24th. They set a “buy” rating and a $2.00 price target on the stock. Finally, analysts at TheStreet upgraded shares of Inuvo from a “sell” rating to a “hold” rating in a research note on Friday, May 30th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $1.45.
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.