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

Investment analysts at StockNews.com started coverage on shares of Inuvo (NYSE:INUV) in a research note issued on Sunday. The brokerage set a “hold” rating on the stock.

Inuvo Price Performance

Shares of NYSE INUV opened at $0.25 on Friday. The firm has a market cap of $35.09 million, a price-to-earnings ratio of -3.12 and a beta of 1.15. The company’s 50-day simple moving average is $0.28 and its 200-day simple moving average is $0.30. Inuvo has a 52-week low of $0.12 and a 52-week high of $0.57.

Inuvo (NYSE:INUV) last issued 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 firm had revenue of $18.21 million for the quarter. Equities research analysts anticipate that Inuvo will post -0.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Inuvo

An institutional investor recently raised its position in Inuvo stock. Vanguard Group Inc. lifted its holdings in Inuvo, Inc. (NYSE:INUV) by 0.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,495,657 shares of the company’s stock after buying an additional 46,290 shares during the period. Vanguard Group Inc. owned approximately 3.93% of Inuvo worth $1,874,000 as of its most recent filing with the Securities and Exchange Commission. 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.