Inuvo (NYSE:INUV) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Inuvo (NYSE:INUV) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating on the stock.

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

Inuvo Stock Performance

Inuvo stock opened at $0.47 on Thursday. Inuvo has a 52-week low of $0.19 and a 52-week high of $0.79. The firm has a 50 day moving average price of $0.47 and a two-hundred day moving average price of $0.33. The firm has a market cap of $66.37 million, a price-to-earnings ratio of -7.87 and a beta of 0.91.

Institutional Trading of Inuvo

Several large investors have recently modified their holdings of INUV. Bard Associates Inc. grew its position in shares of Inuvo by 7.1% during the 3rd quarter. Bard Associates Inc. now owns 4,234,177 shares of the company’s stock worth $1,044,000 after buying an additional 279,100 shares during the period. Geode Capital Management LLC grew its position in Inuvo by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,069,390 shares of the company’s stock valued at $264,000 after purchasing an additional 73,682 shares during the period. Finally, Perkins Capital Management Inc. grew its position in Inuvo by 3.7% in the 4th quarter. Perkins Capital Management Inc. now owns 7,083,452 shares of the company’s stock valued at $4,579,000 after purchasing an additional 255,590 shares during the period. 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.