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

Stock analysts at StockNews.com assumed coverage on shares of Inuvo (NYSE:INUV) in a report issued on Sunday. The firm set a “hold” rating on the stock.

Inuvo Stock Performance

Inuvo stock opened at $0.25 on Friday. Inuvo has a fifty-two week low of $0.12 and a fifty-two week high of $0.57. The firm has a 50 day moving average price of $0.28 and a 200 day moving average price of $0.30. The company has a market capitalization of $34.64 million, a PE ratio of -3.12 and a beta of 1.15.

Inuvo (NYSE:INUV) last posted its earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. Inuvo had a negative net margin of 9.21% and a negative return on equity of 46.09%. The firm had revenue of $18.21 million during the quarter. As a group, equities research analysts forecast that Inuvo will post -0.01 earnings per share for the current year.

Hedge Funds Weigh In On Inuvo

An institutional investor recently raised its position in Inuvo stock. Vanguard Group Inc. raised its holdings in Inuvo, Inc. (NYSE:INUV) by 0.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,495,657 shares of the company’s stock after buying an additional 46,290 shares during the period. Vanguard Group Inc. owned approximately 3.93% of Inuvo worth $1,874,000 as of its most recent SEC filing. Hedge funds and other 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.