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

StockNews.com initiated coverage on shares of Inuvo (NYSE:INUV) in a research note issued to investors on Sunday. The brokerage issued a hold rating on the stock.

Inuvo Price Performance

Shares of Inuvo stock opened at $0.24 on Friday. The company has a market cap of $33.46 million, a PE ratio of -2.99 and a beta of 1.15. The firm has a fifty day moving average price of $0.27 and a two-hundred day moving average price of $0.29. Inuvo has a fifty-two week low of $0.12 and a fifty-two week high of $0.57.

Inuvo (NYSE:INUV) last released its earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share 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 return on equity of 46.09% and a negative net margin of 9.21%. Analysts expect that Inuvo will post -0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Inuvo

An institutional investor recently raised its position in Inuvo stock. Vanguard Group Inc. raised its position in shares of Inuvo, Inc. (NYSE:INUV) by 0.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,495,657 shares of the company’s stock after buying an additional 46,290 shares during the period. Vanguard Group Inc. owned about 3.93% of Inuvo worth $1,874,000 as of its most recent filing with the Securities and Exchange Commission. 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.