Inuvo (NYSEAMERICAN:INUV) Shares Gap Down to $0.38
Inuvo Inc (NYSEAMERICAN:INUV) gapped down before the market opened on Thursday . The stock had previously closed at $0.38, but opened at $0.38. Inuvo shares last traded at $0.40, with a volume of 2,329,352 shares.
Separately, Zacks Investment Research raised shares of Inuvo from a “hold” rating to a “buy” rating and set a $0.50 price objective on the stock in a research note on Saturday.
Inuvo (NYSEAMERICAN:INUV) last issued its quarterly earnings results on Thursday, May 14th. The technology company reported ($0.05) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.05). The firm had revenue of $14.93 million for the quarter, compared to the consensus estimate of $12.22 million.
An institutional investor recently bought a new position in Inuvo stock. Vista Capital Partners Inc. acquired a new stake in Inuvo Inc (NYSEAMERICAN:INUV) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 315,000 shares of the technology company’s stock, valued at approximately $74,000. Vista Capital Partners Inc. owned about 0.64% of Inuvo as of its most recent filing with the SEC.
Inuvo Company Profile (NYSEAMERICAN:INUV)
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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