Zacks Investment Research upgraded shares of Inuvo (NYSEAMERICAN:INUV) from a sell rating to a hold rating in a research report released on Tuesday, Zacks.com reports.

According to Zacks, “Inuvo is an Internet marketing and technology company that delivers purchase-ready customers to advertisers through a broad network of websites and applications reaching both desktop and mobile devices. They deliver content and targeted advertisements over the internet and generate revenue when an end user clicks on the advertisements they delivered. They manage their business as two segments, the Partner Network and the Owned and Operated Network. The Partner Network delivers advertisements to their partners’ websites and applications on desktop, tablet and mobile devices. Their proprietary technology platform allows for targeted distribution of advertisements at a scale that measures in the hundreds of millions of advertisements delivered monthly. The Owned and Operated Network designs, builds and markets consumer websites and applications. This segment consists of their mobile-ready ALOT websites and is focused on providing engaging content to their users. “

Shares of NYSEAMERICAN INUV opened at $0.24 on Tuesday. Inuvo has a 1-year low of $0.19 and a 1-year high of $1.75.

Inuvo (NYSEAMERICAN:INUV) last announced its earnings results on Wednesday, August 14th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.07. The business had revenue of $14.05 million for the quarter, compared to analyst estimates of $13.30 million.

In other Inuvo news, Director Charles D. Morgan bought 1,650,000 shares of Inuvo stock in a transaction that occurred on Monday, July 15th. The shares were bought at an average cost of $0.30 per share, with a total value of $495,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link.

A number of large investors have recently made changes to their positions in the stock. Perkins Capital Management Inc. increased its position in Inuvo by 1.7% during the 1st quarter. Perkins Capital Management Inc. now owns 652,527 shares of the technology company’s stock valued at $809,000 after buying an additional 11,082 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Inuvo during the 4th quarter valued at about $42,000. Vanguard Group Inc. increased its position in Inuvo by 8.0% during the 2nd quarter. Vanguard Group Inc. now owns 626,882 shares of the technology company’s stock valued at $264,000 after buying an additional 46,199 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in Inuvo by 10.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,885,189 shares of the technology company’s stock valued at $792,000 after buying an additional 171,999 shares in the last quarter.

Inuvo Company Profile

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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