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

StockNews.com began coverage on shares of Inuvo (NYSE:INUV) in a research report sent to investors on Thursday morning. The firm issued a hold rating on the stock.

Inuvo Stock Performance

NYSE INUV opened at $0.24 on Thursday. The stock has a market cap of $33.14 million, a PE 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 company’s 50-day moving average price is $0.25 and its 200-day moving average price is $0.28.

Inuvo (NYSE:INUV) last issued its 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 net margin of 9.21% and a negative return on equity of 46.09%. The business had revenue of $18.21 million for the quarter. As a group, sell-side analysts forecast that Inuvo will post -0.01 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Inuvo stock. Vanguard Group Inc. raised its stake in shares of Inuvo, Inc. (NYSE:INUV) by 0.8% during the 1st quarter, according to its most recent filing 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 approximately 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.