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

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

Inuvo Stock Performance

Shares of NYSE INUV opened at $0.24 on Friday. The company has a market capitalization of $33.57 million, a PE ratio of -3.10 and a beta of 1.15. The company’s fifty day moving average price is $0.28 and its 200 day moving average price is $0.30. Inuvo has a 1 year low of $0.12 and a 1 year high of $0.57.

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

Institutional Trading of Inuvo

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