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

StockNews.com assumed coverage on shares of Inuvo (NYSE:INUV) in a research report sent to investors on Thursday morning. The firm issued a hold rating on the stock.

Inuvo Trading Down 1.3 %

Shares of NYSE INUV opened at $0.24 on Thursday. Inuvo has a one year low of $0.17 and a one year high of $0.57. The business has a 50-day moving average price of $0.25 and a two-hundred day moving average price of $0.28. The firm has a market capitalization of $33.14 million, a PE ratio of -3.93 and a beta of 1.15.

Inuvo (NYSE:INUV) last issued its earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share (EPS) 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 during the quarter. Research analysts anticipate that Inuvo will post -0.01 EPS for the current year.

Hedge Funds Weigh In On Inuvo

A hedge fund recently raised its stake in Inuvo stock. Vanguard Group Inc. boosted its holdings 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 Securities & Exchange Commission. The firm 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 at the end of the most recent quarter. Institutional investors and hedge funds 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.