Inuvo (NYSE:INUV) Research Coverage Started at StockNews.com

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

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

Inuvo Trading Down 1.3 %

Inuvo stock opened at $0.49 on Wednesday. The firm has a market cap of $68.85 million, a PE ratio of -8.17 and a beta of 0.91. The stock’s 50 day simple moving average is $0.46 and its two-hundred day simple moving average is $0.33. Inuvo has a 12 month low of $0.19 and a 12 month high of $0.79.

Inuvo (NYSE:INUV) last announced its quarterly 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 for the quarter. On average, equities research analysts forecast that Inuvo will post -0.02 EPS for the current year.

Institutional Trading of Inuvo

An institutional investor recently raised its position in Inuvo stock. Geode Capital Management LLC raised its position in Inuvo, Inc. (NYSE:INUV) by 7.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,069,390 shares of the company’s stock after buying an additional 73,682 shares during the period. Geode Capital Management LLC owned about 0.76% of Inuvo worth $264,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 29.36% of the company’s stock.

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.