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

StockNews.com began coverage on shares of Inuvo (NYSE:INUV) in a research report sent to investors on Saturday. The brokerage issued a hold rating on the stock.

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

Inuvo Trading Down 11.5 %

INUV opened at $0.45 on Friday. The stock has a market capitalization of $62.54 million, a P/E ratio of -7.42 and a beta of 0.94. The stock has a 50-day moving average price of $0.42 and a 200-day moving average price of $0.32. Inuvo has a 12-month low of $0.19 and a 12-month high of $0.79.

Inuvo (NYSE:INUV) last released its earnings results on Friday, November 8th. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $22.37 million during the quarter. Inuvo had a negative return on equity of 57.24% and a negative net margin of 10.59%. On average, equities research analysts predict that Inuvo will post -0.02 EPS for the current year.

Hedge Funds Weigh In On Inuvo

A hedge fund recently raised its stake in Inuvo stock. Geode Capital Management LLC lifted its position in Inuvo, Inc. (NYSE:INUV) by 7.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. 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. 29.36% of the stock is currently owned by hedge funds and other institutional investors.

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.