StockNews.com began coverage on shares of Inuvo (NYSE:INUV - Free Report) in a research note published on Saturday morning. The firm issued a hold rating on the stock.
Separately, Maxim Group raised shares of Inuvo to a "strong-buy" rating in a report on Friday, November 8th.
Check Out Our Latest Stock Report on Inuvo
Inuvo Trading Down 4.7 %
Shares of NYSE:INUV traded down $0.02 during trading on Friday, reaching $0.50. The company's stock had a trading volume of 1,075,740 shares, compared to its average volume of 3,123,731. Inuvo has a 12 month low of $0.19 and a 12 month high of $0.79. The firm's 50 day simple moving average is $0.42 and its two-hundred day simple moving average is $0.32. The stock has a market capitalization of $70.64 million, a PE ratio of -8.38 and a beta of 0.94.
Inuvo (NYSE:INUV - Get Free Report) last announced its quarterly earnings results on Friday, November 8th. The company reported ($0.01) EPS for the quarter. Inuvo had a negative net margin of 10.59% and a negative return on equity of 57.24%. The business had revenue of $22.37 million during the quarter. Research analysts anticipate that Inuvo will post -0.02 EPS for the current fiscal year.
Hedge Funds Weigh In On Inuvo
A hedge fund recently raised its stake in Inuvo stock. Geode Capital Management LLC grew its position in Inuvo, Inc. (NYSE:INUV - Free Report) by 7.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and 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 about 0.76% of Inuvo worth $264,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 29.36% of the company's stock.
About Inuvo
(
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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.
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