Inuvo (NYSE:INUV) Earns Hold Rating from Analysts at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Inuvo (NYSE:INUV) in a report released on Thursday. The brokerage set a “hold” rating on the stock.

Inuvo Stock Performance

NYSE INUV opened at $0.26 on Thursday. The stock has a 50-day simple moving average of $0.29 and a 200 day simple moving average of $0.32. Inuvo has a twelve month low of $0.12 and a twelve month high of $0.57. The stock has a market capitalization of $36.09 million, a PE ratio of -3.23 and a beta of 1.15.

Inuvo (NYSE:INUV) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates 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. As a group, equities research analysts forecast that Inuvo will post -0.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Inuvo

A hedge fund recently raised its stake in Inuvo stock. Vanguard Group Inc. increased its position in shares of Inuvo, Inc. (NYSE:INUV) by 0.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,495,657 shares of the company’s stock after purchasing an additional 46,290 shares during the period. Vanguard Group Inc. owned about 3.93% of Inuvo worth $1,874,000 at the end of the most recent reporting period. Institutional investors 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.