Inuvo Inc (INUV) Director Purchases $10,899.36 in Stock
Inuvo Inc (AMEX:INUV) Director Charles D. Morgan acquired 10,092 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The stock was acquired at an average price of $1.08 per share, for a total transaction of $10,899.36. Following the completion of the acquisition, the director now directly owns 1,983,663 shares of the company’s stock, valued at $2,142,356.04. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Inuvo Inc (INUV) traded up 2.83% during trading on Wednesday, reaching $1.09. 30,138 shares of the company traded hands. Inuvo Inc has a 12-month low of $1.00 and a 12-month high of $2.31. The firm’s market capitalization is $31.11 million. The company has a 50 day moving average price of $1.15 and a 200 day moving average price of $1.37.
Inuvo (AMEX:INUV) last issued its earnings results on Thursday, May 4th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.02. Inuvo had a negative net margin of 9.83% and a negative return on equity of 51.98%. The firm had revenue of $17.22 million for the quarter, compared to analysts’ expectations of $17.47 million. On average, equities analysts predict that Inuvo Inc will post ($0.10) EPS for the current year.
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An institutional investor recently raised its position in Inuvo stock. Vanguard Group Inc. boosted its stake in Inuvo Inc (AMEX:INUV) by 0.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 673,304 shares of the technology company’s stock after buying an additional 2,400 shares during the period. Vanguard Group Inc.’s holdings in Inuvo were worth $868,000 as of its most recent SEC filing.
Separately, Roth Capital set a $3.00 price objective on shares of Inuvo and gave the company a “buy” rating in a report on Tuesday, May 2nd.
Inuvo Company Profile
Inuvo, Inc (Inuvo) is an Internet advertising technology and digital publishing company. The Company operates through two segments: the Partner Network (advertising technology), and the Owned and Operated Network (digital publishing). Within the Partner Network segment, the Company recruits online publishers and provides them an advertising delivery service, the primary brands for which are ValidClick and SearchLinks.
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