Inuvo (NYSE:INUV) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Inuvo (NYSE:INUV) in a report issued on Wednesday. The brokerage set a “hold” rating on the stock.

Separately, Maxim Group upgraded shares of Inuvo to a “strong-buy” rating in a report on Friday, November 8th.

Inuvo Stock Performance

INUV stock opened at $0.47 on Wednesday. Inuvo has a one year low of $0.19 and a one year high of $0.79. The company’s 50 day moving average price is $0.45 and its two-hundred day moving average price is $0.33. The company has a market capitalization of $65.42 million, a PE ratio of -7.76 and a beta of 0.91.

Inuvo (NYSE:INUV) last issued its earnings results on Friday, November 8th. The company reported ($0.01) EPS for the quarter. Inuvo had a negative return on equity of 57.24% and a negative net margin of 10.59%. The firm had revenue of $22.37 million during the quarter. On average, research analysts predict that Inuvo will post -0.02 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Inuvo stock. Geode Capital Management LLC grew its holdings in Inuvo, Inc. (NYSE:INUV) by 7.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,069,390 shares of the company’s stock after purchasing an additional 73,682 shares during the period. Geode Capital Management LLC owned about 0.76% of Inuvo worth $264,000 as of its most recent filing with the Securities & Exchange Commission. 29.36% of the stock is currently owned by hedge funds and other institutional investors.

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.