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

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

Inuvo Price Performance

NYSE:INUV opened at $0.25 on Tuesday. The company has a market capitalization of $35.38 million, a PE ratio of -3.16 and a beta of 1.14. The stock has a fifty day simple moving average of $0.26 and a 200-day simple moving average of $0.29. Inuvo has a 52-week low of $0.12 and a 52-week high of $0.57.

Inuvo (NYSE:INUV) last issued its earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. Inuvo had a negative return on equity of 46.09% and a negative net margin of 9.21%. The business had revenue of $18.21 million during the quarter. As a group, equities analysts anticipate that Inuvo will post -0.01 earnings per share for the current year.

Institutional Investors Weigh In On Inuvo

A hedge fund recently raised its stake in Inuvo stock. Vanguard Group Inc. lifted its holdings in Inuvo, Inc. (NYSE:INUV) by 0.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. 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 3.93% of Inuvo worth $1,874,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors 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.