Inuvo (NYSEAMERICAN:INUV) Releases Earnings Results, Meets Estimates

Inuvo (NYSEAMERICAN:INUV) issued its quarterly earnings data on Wednesday. The technology company reported ($0.02) earnings per share for the quarter, hitting the consensus estimate of ($0.02), MarketWatch Earnings reports.

INUV stock opened at $0.23 on Thursday. Inuvo has a 52-week low of $0.09 and a 52-week high of $1.75.

In other news, CEO Richard K. Howe purchased 634,286 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The shares were acquired at an average cost of $0.18 per share, for a total transaction of $114,171.48. Following the completion of the acquisition, the chief executive officer now owns 1,808,032 shares in the company, valued at $325,445.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Patrick Terrell acquired 314,286 shares of Inuvo stock in a transaction on Friday, March 20th. The stock was purchased at an average cost of $0.18 per share, with a total value of $56,571.48. Following the completion of the transaction, the director now directly owns 1,331,980 shares in the company, valued at approximately $239,756.40. The disclosure for this purchase can be found here.

Separately, Zacks Investment Research downgraded shares of Inuvo from a “buy” rating to a “hold” rating in a research report on Saturday, January 4th.

About Inuvo

Inuvo, Inc, together with its subsidiaries, a technology company, provides data-driven platforms that automatically identify and message online audiences across video, mobile, connected TV, display, and social and native devices, channels, and formats in the United States. The company's digital marketplace allows advertisers and publishers the opportunity to buy and sell advertising space in real time.

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Earnings History for Inuvo (NYSEAMERICAN:INUV)

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