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

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

Inuvo Stock Up 3.0 %

Shares of NYSE INUV opened at $0.26 on Thursday. The business has a fifty day simple moving average of $0.29 and a 200-day simple moving average of $0.32. The company has a market cap of $36.09 million, a price-to-earnings ratio of -3.23 and a beta of 1.15. Inuvo has a 12 month low of $0.12 and a 12 month high of $0.57.

Inuvo (NYSE:INUV) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate 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 business had revenue of $18.21 million during the quarter. As a group, sell-side analysts expect that Inuvo will post -0.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Inuvo stock. Vanguard Group Inc. lifted its holdings in shares of Inuvo, Inc. (NYSE:INUV) by 0.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,495,657 shares of the company’s stock after purchasing an additional 46,290 shares during the quarter. Vanguard Group Inc. owned approximately 3.93% of Inuvo worth $1,874,000 as of its most recent SEC filing. 29.36% of the stock is owned by institutional investors.

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.