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

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

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

Inuvo Trading Up 0.3 %

NYSE:INUV opened at $0.20 on Friday. 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 1 year low of $0.19 and a 1 year high of $0.57. The firm has a 50 day moving average of $0.24 and a 200-day moving average of $0.27.

Institutional Trading of Inuvo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INUV. Geode Capital Management LLC raised its position 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 valued at $264,000 after acquiring an additional 73,682 shares during the last quarter. Bard Associates Inc. grew its stake in shares of Inuvo by 7.1% during the third 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 period. Finally, Vanguard Group Inc. increased its holdings in Inuvo by 0.8% in the first quarter. Vanguard Group Inc. now owns 5,495,657 shares of the company’s stock valued at $1,874,000 after purchasing an additional 46,290 shares during the last quarter. 29.36% of the stock is currently owned by institutional investors and hedge funds.

About Inuvo

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.