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

Analysts at StockNews.com assumed coverage on shares of Inuvo (NYSE:INUV) in a research note issued to investors on Wednesday. The firm set a “hold” rating on the stock.

Inuvo Stock Performance

NYSE:INUV opened at $0.23 on Wednesday. Inuvo has a 12 month low of $0.12 and a 12 month high of $0.57. The stock has a market capitalization of $32.69 million, a price-to-earnings ratio of -2.92 and a beta of 1.14. The firm has a fifty day simple moving average of $0.26 and a two-hundred day simple moving average of $0.28.

Inuvo (NYSE:INUV) last issued its 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 return on equity of 46.09% and a negative net margin of 9.21%. The company had revenue of $18.21 million during the quarter. Equities analysts predict that Inuvo will post -0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Inuvo

A hedge fund recently raised its stake in Inuvo stock. Vanguard Group Inc. raised its holdings in Inuvo, Inc. (NYSE:INUV) by 0.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,495,657 shares of the company’s stock after buying an additional 46,290 shares during the period. Vanguard Group Inc. owned about 3.93% of Inuvo worth $1,874,000 as of its most recent filing with the Securities and Exchange Commission. 29.36% of the stock is currently owned by institutional investors and hedge funds.

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.