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

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

Separately, Maxim Group upgraded Inuvo to a “strong-buy” rating in a research note on Friday, November 8th.

Inuvo Trading Up 2.7 %

Shares of Inuvo stock opened at $0.48 on Wednesday. The stock has a fifty day simple moving average of $0.45 and a 200 day simple moving average of $0.33. Inuvo has a 12-month low of $0.19 and a 12-month high of $0.79. The company has a market capitalization of $67.16 million, a P/E ratio of -7.97 and a beta of 0.91.

Inuvo (NYSE:INUV) last posted its earnings results on Friday, November 8th. The company reported ($0.01) earnings per share (EPS) for the quarter. Inuvo had a negative return on equity of 57.24% and a negative net margin of 10.59%. The firm had revenue of $22.37 million during the quarter. On average, analysts predict that Inuvo will post -0.02 EPS for the current year.

Institutional Investors Weigh In On Inuvo

An institutional investor recently raised its position in Inuvo stock. Geode Capital Management LLC boosted its stake in Inuvo, Inc. (NYSE:INUV) by 7.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,069,390 shares of the company’s stock after acquiring an additional 73,682 shares during the period. Geode Capital Management LLC owned 0.76% of Inuvo worth $264,000 as of its most recent filing with the SEC. 29.36% of the stock is currently owned by institutional investors.

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.