StockNews.com Initiates Coverage on Inuvo (NYSE:INUV)

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

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

Inuvo Stock Down 4.7 %

Shares of NYSE INUV opened at $0.50 on Friday. The firm has a market cap of $70.64 million, a P/E ratio of -8.38 and a beta of 0.94. Inuvo has a twelve month low of $0.19 and a twelve month high of $0.79. The company has a 50 day moving average of $0.42 and a 200 day moving average of $0.32.

Inuvo (NYSE:INUV) last posted its quarterly earnings results on Friday, November 8th. The company reported ($0.01) earnings per share for the quarter. Inuvo had a negative return on equity of 57.24% and a negative net margin of 10.59%. The business had revenue of $22.37 million during the quarter. As a group, equities analysts expect that Inuvo will post -0.02 earnings per share for the current fiscal year.

Institutional Trading of Inuvo

A hedge fund recently raised its stake in Inuvo stock. Geode Capital Management LLC grew its holdings in shares of Inuvo, Inc. (NYSE:INUV) by 7.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,069,390 shares of the company’s stock after purchasing an additional 73,682 shares during the quarter. Geode Capital Management LLC owned approximately 0.76% of Inuvo worth $264,000 as of its most recent filing with the Securities & Exchange Commission. 29.36% of the stock is owned by hedge funds and other institutional investors.

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.