Inuvo (NYSE:INUV) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of Inuvo (NYSE:INUV) in a research note issued to investors on Saturday. The brokerage set a “hold” rating on the stock.

Inuvo Price Performance

Shares of NYSE:INUV opened at $0.27 on Friday. Inuvo has a 1 year low of $0.12 and a 1 year high of $0.57. The company has a market cap of $38.05 million, a P/E ratio of -3.40 and a beta of 1.15. The stock’s fifty day moving average price is $0.29 and its 200-day moving average price is $0.31.

Inuvo (NYSE:INUV) last released its quarterly earnings data 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. Inuvo had a negative net margin of 9.21% and a negative return on equity of 46.09%. The firm had revenue of $18.21 million during the quarter. On average, sell-side analysts anticipate that Inuvo will post -0.01 earnings per share for the current year.

Institutional Trading of Inuvo

An institutional investor recently raised its position in Inuvo stock. Vanguard Group Inc. boosted its holdings in shares of Inuvo, Inc. (NYSE:INUV) by 0.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,495,657 shares of the company’s stock after buying 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 quarter. Hedge funds and other 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.