Inuvo (NYSE:INUV) Research Coverage Started at StockNews.com

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

Inuvo Price Performance

NYSE INUV opened at $0.23 on Wednesday. The company has a 50-day simple moving average of $0.26 and a two-hundred day simple moving average of $0.28. Inuvo has a 12-month low of $0.12 and a 12-month high of $0.57. The firm has a market cap of $32.48 million, a price-to-earnings ratio of -2.90 and a beta of 1.14.

Inuvo (NYSE:INUV) last issued 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 net margin of 9.21% and a negative return on equity of 46.09%. Equities analysts expect that Inuvo will post -0.01 earnings per share for the current fiscal year.

Institutional Trading of Inuvo

A hedge fund recently raised its stake in Inuvo stock. Vanguard Group Inc. lifted its stake in Inuvo, Inc. (NYSE:INUV) by 0.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities & Exchange Commission. 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.