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

Equities researchers at StockNews.com initiated coverage on shares of Inuvo (NYSE:INUV) in a note issued to investors on Thursday. The firm set a “hold” rating on the stock.

Inuvo Price Performance

Shares of Inuvo stock opened at $0.25 on Thursday. The company has a market capitalization of $34.57 million, a price-to-earnings ratio of -4.10 and a beta of 1.14. Inuvo has a 12-month low of $0.12 and a 12-month high of $0.57. The firm’s 50-day moving average price is $0.25 and its two-hundred day moving average price is $0.28.

Inuvo (NYSE:INUV) last posted its quarterly earnings results 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. Inuvo had a negative net margin of 9.21% and a negative return on equity of 46.09%. The company had revenue of $18.21 million for the quarter. On average, sell-side analysts expect that Inuvo will post -0.01 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Inuvo stock. Vanguard Group Inc. grew its position in shares of Inuvo, Inc. (NYSE:INUV) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 SEC filing. 29.36% of the stock is owned by institutional investors and hedge funds.

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.