Inuvo (NYSE:INUV) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Inuvo (NYSE:INUV) in a research report report published on Saturday. The brokerage issued a hold rating on the stock.

Separately, Maxim Group upgraded shares of Inuvo to a “strong-buy” rating in a report on Friday, November 8th.

Inuvo Stock Performance

Shares of INUV stock opened at $0.50 on Friday. Inuvo has a fifty-two week low of $0.19 and a fifty-two week high of $0.79. The firm has a market cap of $70.64 million, a P/E ratio of -8.38 and a beta of 0.94. The business’s 50 day moving average price is $0.42 and its 200-day moving average price is $0.32.

Inuvo (NYSE:INUV) last issued its quarterly earnings data on Friday, November 8th. The company reported ($0.01) earnings per share (EPS) for the quarter. Inuvo had a negative net margin of 10.59% and a negative return on equity of 57.24%. The company had revenue of $22.37 million for the quarter. As a group, equities analysts predict that Inuvo will post -0.02 EPS for the current year.

Institutional Trading of Inuvo

A hedge fund recently raised its stake in Inuvo stock. Bard Associates Inc. grew its holdings in shares of Inuvo, Inc. (NYSE:INUV) by 7.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,234,177 shares of the company’s stock after purchasing an additional 279,100 shares during the period. Bard Associates Inc. owned approximately 3.02% of Inuvo worth $1,044,000 as of its most recent SEC filing. 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.