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

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

Inuvo Stock Performance

NYSE INUV opened at $0.24 on Friday. The stock has a 50-day simple moving average of $0.29 and a two-hundred day simple moving average of $0.31. The firm has a market capitalization of $33.50 million, a P/E ratio of -2.99 and a beta of 1.15. Inuvo has a fifty-two week low of $0.12 and a fifty-two week high of $0.57.

Inuvo (NYSE:INUV) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $18.21 million during the quarter. Inuvo had a negative return on equity of 46.09% and a negative net margin of 9.21%. As a group, 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 position in Inuvo, Inc. (NYSE:INUV) by 0.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,495,657 shares of the company’s stock after buying an additional 46,290 shares during the period. Vanguard Group Inc. owned about 3.93% of Inuvo worth $1,874,000 at the end of the most recent reporting period. 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.