Inuvo (NYSE:INUV) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Inuvo (NYSE:INUV) in a research note issued to investors on Monday morning. The brokerage issued a hold rating on the stock.

Inuvo Stock Performance

Shares of INUV opened at $0.27 on Monday. The company has a market capitalization of $38.27 million, a PE ratio of -3.42 and a beta of 1.19. Inuvo has a 12 month low of $0.12 and a 12 month high of $0.57. The stock’s 50-day moving average price is $0.28 and its two-hundred day moving average price is $0.33.

Inuvo (NYSE:INUV) last announced its earnings results on Thursday, August 8th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. The firm had revenue of $18.21 million for the quarter. Inuvo had a negative return on equity of 51.44% and a negative net margin of 11.46%. Equities research analysts predict that Inuvo will post -0.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Inuvo stock. Vanguard Group Inc. grew its holdings in Inuvo, Inc. (NYSE:INUV) by 0.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,495,657 shares of the company’s stock after purchasing an additional 46,290 shares during the quarter. Vanguard Group Inc. owned about 3.93% of Inuvo worth $1,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 29.36% of the stock is currently owned by institutional investors.

Inuvo Company Profile

Inuvo, Inc engages in the advertising technology and services business primarily in the United States. It sells information technology solutions to brands, agencies, and large consolidators of advertising demand (platforms). Its platforms optimize the purchase and placement of advertising in real time.