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

StockNews.com assumed coverage on shares of Inuvo (NYSE:INUV) in a research note published on Wednesday. The firm issued a hold rating on the stock.

Inuvo Price Performance

Inuvo stock opened at $0.23 on Wednesday. Inuvo has a 52-week low of $0.12 and a 52-week high of $0.57. The company has a market cap of $32.43 million, a P/E ratio of -2.90 and a beta of 1.14. The business has a 50-day simple moving average of $0.26 and a two-hundred day simple moving average of $0.28.

Inuvo (NYSE:INUV) last announced its earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. The company 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%. Research analysts anticipate that Inuvo will post -0.01 EPS for the current fiscal year.

Institutional Trading of Inuvo

A hedge fund recently raised its stake in Inuvo stock. Vanguard Group Inc. lifted its stake in Inuvo, Inc. (NYSE:INUV) by 0.8% during the 1st quarter, according to its most recent disclosure with the Securities & 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 about 3.93% of Inuvo worth $1,874,000 as of its most recent filing with the Securities & Exchange Commission. 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.