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

StockNews.com began coverage on shares of Inuvo (NYSE:INUV) in a research report released on Sunday morning. The brokerage issued a hold rating on the stock.

Inuvo Stock Performance

Shares of NYSE INUV opened at $0.24 on Friday. Inuvo has a 1 year low of $0.12 and a 1 year high of $0.57. The firm’s 50-day moving average is $0.27 and its 200-day moving average is $0.29. The firm has a market capitalization of $33.46 million, a PE ratio of -2.99 and a beta of 1.15.

Inuvo (NYSE:INUV) last announced its quarterly earnings data 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 for the quarter. Inuvo had a negative net margin of 9.21% and a negative return on equity of 46.09%. As a group, equities research analysts anticipate that Inuvo will post -0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Inuvo

An institutional investor recently raised its position in Inuvo stock. Vanguard Group Inc. lifted its position in shares of Inuvo, Inc. (NYSE:INUV) by 0.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,495,657 shares of the company’s stock after purchasing an additional 46,290 shares during the quarter. Vanguard Group Inc. owned 3.93% of Inuvo worth $1,874,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 29.36% of the company’s stock.

Inuvo Company Profile

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.