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

StockNews.com initiated coverage on shares of Inuvo (NYSE:INUV) in a report issued on Thursday. The firm issued a hold rating on the stock.

Inuvo Stock Performance

NYSE:INUV opened at $0.24 on Thursday. The company has a market capitalization of $33.14 million, a P/E ratio of -3.93 and a beta of 1.15. Inuvo has a 12 month low of $0.17 and a 12 month high of $0.57. The firm has a fifty day simple moving average of $0.25 and a 200-day simple moving average of $0.28.

Inuvo (NYSE:INUV) last posted its quarterly 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. 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%. Equities analysts forecast that Inuvo will post -0.01 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Inuvo stock. Vanguard Group Inc. boosted its stake in shares of Inuvo, Inc. (NYSE:INUV) by 0.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,495,657 shares of the company’s stock after acquiring 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. Institutional investors and hedge funds own 29.36% of the company’s stock.

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.