StockNews.com Initiates Coverage on Inuvo (NYSE:INUV)

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

Inuvo Stock Performance

Inuvo stock opened at $0.28 on Tuesday. Inuvo has a 12 month low of $0.12 and a 12 month high of $0.57. The business’s 50 day simple moving average is $0.28 and its 200 day simple moving average is $0.33. The company has a market cap of $38.54 million, a price-to-earnings ratio of -3.44 and a beta of 1.19.

Inuvo (NYSE:INUV) last issued its earnings results 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. Inuvo had a negative net margin of 11.46% and a negative return on equity of 51.44%. The business had revenue of $18.21 million for the quarter. As a group, equities research analysts forecast that Inuvo will post -0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Inuvo

A hedge fund recently raised its stake in Inuvo stock. Vanguard Group Inc. lifted its position in Inuvo, Inc. (NYSE:INUV) by 0.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,495,657 shares of the company’s stock after purchasing an additional 46,290 shares during the quarter. Vanguard Group Inc. owned about 3.93% of Inuvo worth $1,874,000 at the end of the most recent quarter. 29.36% of the stock is owned by institutional investors and hedge funds.

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.