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

Equities researchers at StockNews.com assumed coverage on shares of Inuvo (NYSE:INUV) in a research report issued to clients and investors on Saturday. The brokerage set a “hold” rating on the stock.

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

Inuvo Stock Down 3.9 %

NYSE:INUV opened at $0.41 on Friday. Inuvo has a 52 week low of $0.19 and a 52 week high of $0.79. The company has a fifty day simple moving average of $0.49 and a two-hundred day simple moving average of $0.35. The company has a market cap of $58.08 million, a price-to-earnings ratio of -6.89 and a beta of 0.91.

Institutional Investors Weigh In On Inuvo

Large investors have recently modified their holdings of the company. Bard Associates Inc. lifted 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 purchasing an additional 279,100 shares during the last quarter. Perkins Capital Management Inc. raised its stake in Inuvo by 3.7% in the fourth quarter. Perkins Capital Management Inc. now owns 7,083,452 shares of the company’s stock valued at $4,579,000 after buying an additional 255,590 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Inuvo by 12.6% during the 4th quarter. Geode Capital Management LLC now owns 1,203,887 shares of the company’s stock worth $778,000 after buying an additional 134,497 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Inuvo by 9.3% during the 4th quarter. Renaissance Technologies LLC now owns 507,149 shares of the company’s stock worth $328,000 after acquiring an additional 43,349 shares in the last quarter. 29.36% of the stock is owned by hedge funds and other institutional investors.

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.