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

StockNews.com began coverage on shares of Inuvo (NYSE:INUV) in a research report released on Friday morning. The brokerage issued a hold rating on the stock.

Inuvo Stock Performance

NYSE:INUV opened at $0.27 on Friday. The firm has a market capitalization of $37.29 million, a PE ratio of -3.33 and a beta of 1.15. The stock’s fifty day moving average is $0.29 and its 200 day moving average is $0.31. Inuvo has a fifty-two week low of $0.12 and a fifty-two week high of $0.57.

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

Institutional Investors Weigh In On Inuvo

An institutional investor recently raised its position in Inuvo stock. Vanguard Group Inc. raised its holdings in shares of Inuvo, Inc. (NYSE:INUV) by 0.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and 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 3.93% of Inuvo worth $1,874,000 at the end of the most recent reporting period. 29.36% of the stock is currently 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.