Inuvo Inc. (AMEX:INUV) shares traded 14.54% higher at $0.24 on Wall Street last session.
In accordance with the data, 2 analysts cover Inuvo Inc. (AMEX:INUV). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $1.00 and a low of $0.50, we find $0.75. Given the previous closing price of $0.21, this indicates a potential upside of 257.14 percent. INUV stock price is now -6.25% away from the 50-day moving average and -23.65% away from the 200-day moving average. The market capitalization of the company currently stands at $34.49M.
It has been rated a hold by 0 analysts and a buy by 2. Brokers who have rated the stock have averaged $0.75 as their price target over the next twelve months.
With the price target of $2.25, Alliance Global Partners recently initiated with Buy rating for Inuvo Inc. (AMEX: INUV).
Insiders disposed of 536,831 shares of company stock worth roughly $0.13 million over the past 1 year. A total of 3.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in INUV stock. A new stake in Inuvo Inc. shares was purchased by CITADEL ADVISORS LLC during the first quarter worth $21,000. BARDEN CAPITAL MANAGEMENT, INC. invested $18,000 in shares of INUV during the first quarter. In the first quarter, PRUDENTIAL FINANCIAL INC acquired a new stake in Inuvo Inc. valued at approximately $10,000. TWO SIGMA SECURITIES, LLC acquired a new stake in INUV for approximately $9,000. VIRTU FINANCIAL LLC purchased a new stake in INUV valued at around $3,000 in the second quarter. In total, there are 40 active investors with 16.10% ownership of the company’s stock.
Inuvo Inc. (AMEX: INUV) opened at $0.2180 on Tuesday. During the past 12 months, Inuvo Inc. has had a low of $0.20 and a high of $0.59. As of last week, the company has a debt-to-equity ratio of 0.04, a current ratio of 1.10, and a quick ratio of 1.10. The fifty day moving average price for INUV is $0.2554 and a two-hundred day moving average price translates $0.3152 for the stock.
The latest earnings results from Inuvo Inc. (AMEX: INUV) was released for Mar, 2023. According to the Advertising Agencies Company, earnings per share came in at -$0.03, inline with analysts’ expectations of -$0.03. This compares to -$0.02 EPS in the same period last year. The net profit margin was -21.00% and return on equity was -61.40% for INUV. The company reported revenue of $11.85 million for the quarter, compared to $18.61 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -36.34 percent. For the current quarter, analysts expect INUV to generate $13.6M in revenue.
Inuvo Inc.(INUV) Company Profile
Inuvo, Inc., a technology company, engages in the development and sale of information technology solutions for marketing and advertising industries in the United States. The company’s platforms identify and message online audiences for various products or services across devices, formats, and channels, including video, mobile, connected TV, linear TV, display, social, search, and native. Its platforms optimize the purchase and placement of advertising in real time. The company’s products and services include IntentKey, an artificial intelligence-based consumer intent recognition system designed to reach targeted mobile and desktop in-market audiences; and CampSight that provides marketing and advertising services, as well as collection of data, analytics, software, and publishing gets used to align merchant advertising messages with anonymous consumers across various websites online. It also operates a collection of websites under the Bonfire Publishing brand, which creates content across a range of topics, including health, finance, travel, careers, auto, education, and lifestyle categories. The company’s marketing channels consist of websites, social media, blogs, public relations, trade shows, and conferences. Inuvo, Inc. was incorporated in 1987 and is headquartered in Little Rock, Arkansas.
