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

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

Inuvo Stock Up 6.4 %

Shares of INUV opened at $0.28 on Wednesday. The business’s fifty day moving average is $0.29 and its 200 day moving average is $0.33. Inuvo has a 12-month low of $0.12 and a 12-month high of $0.57. The stock has a market cap of $39.49 million, a P/E ratio of -3.53 and a beta of 1.19.

Inuvo (NYSE:INUV) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $18.21 million during the quarter. Inuvo had a negative return on equity of 51.44% and a negative net margin of 11.46%. On average, analysts expect that Inuvo will post -0.01 EPS for the current year.

Institutional Investors Weigh In On Inuvo

A hedge fund recently raised its stake in Inuvo stock. Vanguard Group Inc. boosted its stake in Inuvo, Inc. (NYSE:INUV) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent filing with the Securities & Exchange Commission. 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.