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

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

Inuvo Price Performance

INUV opened at $0.27 on Friday. The stock’s fifty day moving average is $0.29 and its two-hundred day moving average is $0.31. The company has a market capitalization of $37.29 million, a P/E ratio of -3.33 and a beta of 1.15. Inuvo has a 52 week low of $0.12 and a 52 week high of $0.57.

Inuvo (NYSE:INUV) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. Inuvo had a negative return on equity of 46.09% and a negative net margin of 9.21%. The firm had revenue of $18.21 million for the quarter. Equities analysts anticipate that Inuvo will post -0.01 earnings per share for the current year.

Hedge Funds Weigh In On Inuvo

A hedge fund recently raised its stake in Inuvo stock. Vanguard Group Inc. raised its stake in shares of Inuvo, Inc. (NYSE:INUV) by 0.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,495,657 shares of the company’s stock after acquiring an additional 46,290 shares during the quarter. Vanguard Group Inc. owned approximately 3.93% of Inuvo worth $1,874,000 at the end of the most recent reporting period. 29.36% of the stock is currently owned by institutional investors.

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.