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

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

Inuvo Price Performance

Shares of Inuvo stock opened at $0.24 on Wednesday. The firm has a market cap of $33.21 million, a price-to-earnings ratio of -2.97 and a beta of 1.14. Inuvo has a one year low of $0.12 and a one year high of $0.57. The stock’s 50-day moving average is $0.26 and its 200-day moving average is $0.28.

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

Institutional Investors Weigh In On Inuvo

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

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.