Inuvo (NYSE:INUV) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Inuvo (NYSE:INUVFree Report) in a research note issued to investors on Saturday. The brokerage issued a hold rating on the stock.

Inuvo Stock Performance

Shares of NYSE INUV opened at $0.24 on Friday. The company has a market capitalization of $33.78 million, a PE ratio of -3.02 and a beta of 1.15. The company’s fifty day moving average price is $0.28 and its 200 day moving average price is $0.30. Inuvo has a 1 year low of $0.12 and a 1 year high of $0.57.

Inuvo (NYSE:INUVGet Free Report) last announced 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. The firm 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%. On average, equities analysts expect 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. lifted its stake in Inuvo, Inc. (NYSE:INUVFree Report) by 0.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,495,657 shares of the company’s stock after purchasing an additional 46,290 shares during the period. 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.

About Inuvo

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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.

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