Inuvo (NYSE:INUV) Receives New Coverage from Analysts at StockNews.com

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

Inuvo Stock Up 5.4 %

NYSE INUV opened at $0.29 on Monday. The company has a market cap of $40.29 million, a price-to-earnings ratio of -3.60 and a beta of 1.19. Inuvo has a 52 week low of $0.12 and a 52 week high of $0.57. The business has a 50 day moving average price of $0.28 and a 200-day moving average price of $0.33.

Inuvo (NYSE:INUV) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. The firm had revenue of $18.21 million during the quarter. Inuvo had a negative return on equity of 51.44% and a negative net margin of 11.46%. On average, equities research analysts anticipate that Inuvo will post -0.01 earnings per share for the current year.

Institutional Investors Weigh In On Inuvo

An institutional investor recently raised its position in Inuvo stock. Vanguard Group Inc. increased its stake in shares of Inuvo, Inc. (NYSE:INUV) by 0.8% in the 1st quarter, according to its most recent Form 13F filing 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 quarter. Vanguard Group Inc. owned 3.93% of Inuvo worth $1,874,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.