Inuvo (NYSEAMERICAN:INUV) was downgraded by analysts at LADENBURG THALM/SH SH from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, The Fly reports.
Separately, Roth Capital set a $3.00 price objective on shares of Inuvo and gave the company a “buy” rating in a research note on Sunday, May 20th.
Shares of INUV opened at $0.69 on Thursday. Inuvo has a 1-year low of $0.64 and a 1-year high of $1.24.
Inuvo (NYSEAMERICAN:INUV) last announced its quarterly earnings results on Wednesday, August 8th. The technology company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. Inuvo had a net margin of 4.23% and a return on equity of 30.03%.
An institutional investor recently bought a new position in Inuvo stock. Perkins Capital Management Inc. purchased a new position in shares of Inuvo Inc (NYSEAMERICAN:INUV) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,089,000 shares of the technology company’s stock, valued at approximately $841,000. Perkins Capital Management Inc. owned 3.39% of Inuvo as of its most recent SEC filing.
Inuvo Company Profile
Inuvo, Inc, together with its subsidiaries, develops technology that connects advertisers with consumers through interactions with content across devices in the United States. The company's exchange is digital marketplace that allows advertisers and publishers the opportunity to buy and sell advertising space in real time.
Further Reading: Stock Symbols and CUSIP Explained
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