StockNews.com Begins Coverage on Inuvo (NYSE:INUV)

StockNews.com assumed coverage on shares of Inuvo (NYSE:INUV) in a research report report published on Friday morning. The firm issued a hold rating on the stock.

Inuvo Price Performance

Shares of INUV opened at $0.27 on Friday. The firm has a market capitalization of $37.49 million, a price-to-earnings ratio of -3.35 and a beta of 1.15. Inuvo has a 1-year low of $0.12 and a 1-year high of $0.57. The company has a 50-day moving average of $0.29 and a 200 day moving average of $0.31.

Inuvo (NYSE:INUV) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. The firm had revenue of $18.21 million during the quarter. Inuvo had a negative net margin of 9.21% and a negative return on equity of 46.09%. On average, equities analysts anticipate that Inuvo will post -0.01 earnings per share for the current fiscal year.

Institutional Trading of Inuvo

An institutional investor recently raised its position in Inuvo stock. Vanguard Group Inc. grew its holdings in Inuvo, Inc. (NYSE:INUV) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,495,657 shares of the company’s stock after purchasing an additional 46,290 shares during the quarter. Vanguard Group Inc. owned approximately 3.93% of Inuvo worth $1,874,000 at the end of the most recent reporting period. 29.36% of the stock is 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.