Inuvo (NYSE:INUV) Receives New Coverage from Analysts at StockNews.com

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

Inuvo Price Performance

INUV opened at $0.27 on Friday. The firm has a market cap of $38.05 million, a P/E ratio of -3.40 and a beta of 1.15. Inuvo has a 1-year low of $0.12 and a 1-year high of $0.57. The company has a 50 day simple moving average of $0.29 and a two-hundred day simple moving average of $0.31.

Inuvo (NYSE:INUV) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share 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 during the quarter. Equities analysts anticipate that Inuvo will post -0.01 earnings per share for the current year.

Hedge Funds Weigh In On Inuvo

A hedge fund recently raised its stake in Inuvo stock. Vanguard Group Inc. lifted its stake in Inuvo, Inc. (NYSE:INUV) by 0.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,495,657 shares of the company’s stock after buying 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.