StockNews.com Begins Coverage on Inuvo (NYSE:INUV)

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

Inuvo Price Performance

Shares of Inuvo stock opened at $0.24 on Friday. The stock has a market cap of $33.50 million, a P/E ratio of -2.99 and a beta of 1.15. The stock’s 50 day simple moving average is $0.29 and its 200-day simple moving average is $0.31. Inuvo has a 1-year low of $0.12 and a 1-year high of $0.57.

Inuvo (NYSE:INUV) last issued its earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate 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%. As a group, research analysts expect that Inuvo will post -0.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Inuvo stock. Vanguard Group Inc. boosted its holdings in Inuvo, Inc. (NYSE:INUV) by 0.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,495,657 shares of the company’s stock after acquiring an additional 46,290 shares during the period. Vanguard Group Inc. owned 3.93% of Inuvo worth $1,874,000 at the end of the most recent reporting period. 29.36% of the stock is owned by institutional investors and hedge funds.

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.