Inuvo (NYSE:INUV) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Inuvo (NYSE:INUV) in a report released on Saturday morning. The firm issued a hold rating on the stock.

Inuvo Stock Performance

Inuvo stock opened at $0.24 on Friday. The firm has a market capitalization of $33.78 million, a PE ratio of -3.02 and a beta of 1.15. Inuvo has a 12-month low of $0.12 and a 12-month high of $0.57. The firm has a 50-day moving average price of $0.28 and a 200-day moving average price of $0.30.

Inuvo (NYSE:INUV) last issued its earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $18.21 million during the quarter. Inuvo had a negative net margin of 9.21% and a negative return on equity of 46.09%. As a group, sell-side analysts predict that Inuvo will post -0.01 earnings per share for the current fiscal year.

Institutional Trading of Inuvo

A hedge fund recently raised its stake in Inuvo stock. Vanguard Group Inc. lifted its position in Inuvo, Inc. (NYSE:INUV) by 0.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,495,657 shares of the company’s stock after acquiring an additional 46,290 shares during the period. Vanguard Group Inc. owned 3.93% of Inuvo worth $1,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 29.36% of the company’s stock.

About Inuvo

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.