Inuvo (NYSE:INUV) Now Covered by StockNews.com

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

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

Inuvo Stock Performance

Shares of Inuvo stock opened at $0.48 on Wednesday. The stock has a market capitalization of $67.16 million, a P/E ratio of -7.97 and a beta of 0.91. Inuvo has a 52-week low of $0.19 and a 52-week high of $0.79. The stock’s 50-day simple moving average is $0.45 and its 200 day simple moving average is $0.33.

Inuvo (NYSE:INUV) last posted its quarterly earnings results on Friday, November 8th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $22.37 million during the quarter. Inuvo had a negative net margin of 10.59% and a negative return on equity of 57.24%. Equities research analysts forecast that Inuvo will post -0.02 EPS 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 boosted its position in shares of Inuvo, Inc. (NYSE:INUV) by 7.4% in the 3rd quarter, according to the company in its most recent Form 13F 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 0.76% of Inuvo worth $264,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 29.36% of the company’s stock.

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.