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

StockNews.com initiated coverage on shares of Inuvo (NYSE:INUV – Get Rating) in a research note issued to investors on Monday morning. The firm issued a sell rating on the stock.

Inuvo Trading Down 31.0 %

Shares of INUV opened at $0.24 on Monday. The firm has a market cap of $29.79 million, a PE ratio of -2.04 and a beta of 1.14. The firm has a fifty day simple moving average of $0.31 and a two-hundred day simple moving average of $0.32. Inuvo has a 1-year low of $0.20 and a 1-year high of $0.59.

Inuvo (NYSE:INUV – Get Rating) last issued its quarterly earnings data on Thursday, May 4th. The company reported ($0.03) earnings per share (EPS) for the quarter. Inuvo had a negative net margin of 21.00% and a negative return on equity of 61.45%. The business had revenue of $11.85 million for the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of Inuvo by 10.1% during the 1st quarter. State Street Corp now owns 312,054 shares of the company’s stock valued at $153,000 after purchasing an additional 28,691 shares during the last quarter. Prudential Financial Inc. purchased a new stake in shares of Inuvo during the 2nd quarter valued at about $34,000. Perkins Capital Management Inc. raised its position in shares of Inuvo by 1.4% during the 4th quarter. Perkins Capital Management Inc. now owns 5,643,082 shares of the company’s stock valued at $1,250,000 after buying an additional 79,000 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Inuvo by 175.0% during the 2nd quarter. Renaissance Technologies LLC now owns 144,100 shares of the company’s stock valued at $71,000 after buying an additional 91,700 shares in the last quarter. Finally, Virtu Financial LLC raised its position in shares of Inuvo by 740.1% during the 3rd quarter. Virtu Financial LLC now owns 203,326 shares of the company’s stock valued at $83,000 after buying an additional 179,124 shares in the last quarter. Institutional investors own 16.12% of the company’s stock.

About Inuvo

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Inuvo, Inc engages in the business of developing and selling information technology solutions for marketing and advertising. Its products and services include IntentKey and CampSight. The company was founded in October 1987 and is headquartered in Little Rock, AR.