Inuvo Inc (INUV) Shares Bought by Bard Associates Inc.

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Bard Associates Inc. lifted its stake in Inuvo Inc (NYSEAMERICAN:INUV) by 1,003.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,533,471 shares of the technology company’s stock after acquiring an additional 1,394,471 shares during the period. Bard Associates Inc.’s holdings in Inuvo were worth $1,185,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Perkins Capital Management Inc. acquired a new stake in shares of Inuvo in the 2nd quarter worth approximately $841,000.

NYSEAMERICAN INUV opened at $0.62 on Friday. Inuvo Inc has a 12 month low of $0.50 and a 12 month high of $1.24.

Inuvo (NYSEAMERICAN:INUV) last released its earnings results on Wednesday, August 8th. The technology company reported ($0.03) EPS for the quarter, topping 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%. The business had revenue of $19.01 million for the quarter, compared to the consensus estimate of $19.80 million.

A number of brokerages have recently weighed in on INUV. Roth Capital set a $3.00 price target on shares of Inuvo and gave the stock a “buy” rating in a research note on Sunday, May 20th. LADENBURG THALM/SH SH lowered shares of Inuvo from a “buy” rating to a “neutral” rating in a research note on Thursday, August 9th.

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.

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