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

Investment analysts at StockNews.com assumed coverage on shares of Inuvo (NYSE:INUV) in a report issued on Wednesday. The firm set a “hold” rating on the stock.

Separately, Maxim Group upgraded Inuvo to a “strong-buy” rating in a research report on Friday, November 8th.

Inuvo Stock Up 1.6 %

Inuvo stock opened at $0.47 on Wednesday. Inuvo has a 52 week low of $0.19 and a 52 week high of $0.79. The company has a market capitalization of $65.42 million, a price-to-earnings ratio of -7.76 and a beta of 0.91. The stock has a 50-day moving average price of $0.45 and a 200 day moving average price of $0.33.

Inuvo (NYSE:INUV) last released its earnings results on Friday, November 8th. The company reported ($0.01) EPS for the quarter. The firm had revenue of $22.37 million for the quarter. Inuvo had a negative return on equity of 57.24% and a negative net margin of 10.59%. Research analysts anticipate that Inuvo will post -0.02 EPS for the current fiscal year.

Institutional Trading of Inuvo

A hedge fund recently raised its stake in Inuvo stock. Bard Associates Inc. grew its holdings in Inuvo, Inc. (NYSE:INUV) by 7.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,234,177 shares of the company’s stock after buying an additional 279,100 shares during the quarter. Bard Associates Inc. owned 3.02% of Inuvo worth $1,044,000 as of its most recent SEC filing. 29.36% of the stock is currently 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.