StockNews.com Begins Coverage on Inuvo (NYSE:INUV)

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

Inuvo Stock Performance

INUV opened at $0.24 on Thursday. The stock has a 50-day moving average price of $0.25 and a 200-day moving average price of $0.28. Inuvo has a 12-month low of $0.17 and a 12-month high of $0.57. The stock has a market capitalization of $33.14 million, a P/E ratio of -3.93 and a beta of 1.14.

Inuvo (NYSE:INUV) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $18.21 million for the quarter. Inuvo had a negative net margin of 9.21% and a negative return on equity of 46.09%. On average, equities research analysts predict 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 first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,495,657 shares of the company’s stock after purchasing an additional 46,290 shares during the period. Vanguard Group Inc. owned approximately 3.93% of Inuvo worth $1,874,000 at the end of the most recent quarter. 29.36% of the stock is owned by hedge funds and other institutional investors.

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.