Inuvo (NYSE:INUV) Coverage Initiated by Analysts at StockNews.com

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

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

Inuvo Price Performance

Shares of Inuvo stock opened at $0.20 on Friday. The business has a 50 day simple moving average of $0.24 and a two-hundred day simple moving average of $0.27. The stock has a market capitalization of $28.47 million, a P/E ratio of -3.38 and a beta of 1.15. Inuvo has a 12 month low of $0.19 and a 12 month high of $0.57.

Institutional Trading of Inuvo

A number of hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC boosted its holdings in shares of Inuvo by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,069,390 shares of the company’s stock worth $264,000 after purchasing an additional 73,682 shares during the last quarter. Bard Associates Inc. increased its holdings in shares of Inuvo by 7.1% in the third quarter. Bard Associates Inc. now owns 4,234,177 shares of the company’s stock valued at $1,044,000 after purchasing an additional 279,100 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Inuvo by 0.8% during the first quarter. Vanguard Group Inc. now owns 5,495,657 shares of the company’s stock worth $1,874,000 after buying an additional 46,290 shares in the last quarter. Institutional investors and hedge funds 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.