Inuvo (NYSE:INUV) Now Covered by Analysts at StockNews.com

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

Inuvo Stock Performance

Shares of INUV stock opened at $0.24 on Friday. The stock’s 50-day simple moving average is $0.25 and its 200-day simple moving average is $0.28. The firm has a market capitalization of $33.77 million, a PE ratio of -4.01 and a beta of 1.15. Inuvo has a fifty-two week low of $0.17 and a fifty-two week high of $0.57.

Inuvo (NYSE:INUV) last announced 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 for the quarter. Inuvo had a negative return on equity of 46.09% and a negative net margin of 9.21%. Sell-side analysts forecast that Inuvo will post -0.01 earnings per share for the current year.

Institutional Trading of Inuvo

An institutional investor recently raised its position in Inuvo stock. Vanguard Group Inc. boosted its holdings in shares of Inuvo, Inc. (NYSE:INUV) by 0.8% during the first quarter, according to its most recent disclosure with the Securities and 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 approximately 3.93% of Inuvo worth $1,874,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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.