Inuvo (NYSE:INUV) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Inuvo (NYSE:INUV) in a report published on Sunday morning. The brokerage issued a hold rating on the stock.

Inuvo Price Performance

Inuvo stock traded down $0.02 during mid-day trading on Friday, hitting $0.29. 398,216 shares of the company’s stock traded hands, compared to its average volume of 422,748. The firm has a 50 day simple moving average of $0.28 and a two-hundred day simple moving average of $0.34. Inuvo has a fifty-two week low of $0.12 and a fifty-two week high of $0.57. The stock has a market cap of $40.76 million, a price-to-earnings ratio of -3.84 and a beta of 1.19.

Inuvo (NYSE:INUV) last announced its quarterly earnings results on Tuesday, May 7th. The company reported ($0.02) earnings per share (EPS) for the quarter. Inuvo had a negative net margin of 11.46% and a negative return on equity of 51.44%. The business had revenue of $17.02 million for the quarter. On average, research analysts anticipate that Inuvo will post -0.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Inuvo stock. Vanguard Group Inc. grew its position 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 (SEC). The firm owned 5,495,657 shares of the company’s stock after buying an additional 46,290 shares during the period. Vanguard Group Inc. owned approximately 3.93% of Inuvo worth $1,874,000 at the end of the most recent quarter. 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.