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

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

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

Inuvo Price Performance

INUV opened at $0.50 on Friday. The business has a fifty day simple moving average of $0.42 and a 200 day simple moving average of $0.32. Inuvo has a 1 year low of $0.19 and a 1 year high of $0.79. The company has a market capitalization of $70.64 million, a PE ratio of -8.38 and a beta of 0.94.

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

Institutional Investors Weigh In On Inuvo

A hedge fund recently raised its stake in Inuvo stock. Geode Capital Management LLC increased its position in shares of Inuvo, Inc. (NYSE:INUV) by 7.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,069,390 shares of the company’s stock after acquiring an additional 73,682 shares during the period. Geode Capital Management LLC owned about 0.76% of Inuvo worth $264,000 as of its most recent filing with the Securities and Exchange Commission. 29.36% of the stock is owned by 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.