Inuvo (NYSE:INUV) Now Covered by StockNews.com

StockNews.com began coverage on shares of Inuvo (NYSE:INUV) in a research note issued to investors on Monday. The firm set a “hold” rating on the stock.

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

Inuvo Stock Up 14.9 %

INUV stock opened at $0.30 on Monday. The company has a 50 day moving average of $0.24 and a two-hundred day moving average of $0.27. The company has a market cap of $42.01 million, a price-to-earnings ratio of -4.98 and a beta of 1.15. Inuvo has a 12-month low of $0.19 and a 12-month high of $0.57.

Institutional Investors Weigh In On Inuvo

Several large investors have recently made changes to their positions in INUV. Geode Capital Management LLC raised its position in Inuvo by 7.4% during the third 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 in the last quarter. Bard Associates Inc. increased its stake 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. Finally, Vanguard Group Inc. increased its stake in shares of Inuvo by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 5,495,657 shares of the company’s stock worth $1,874,000 after purchasing an additional 46,290 shares during the last quarter. Institutional investors 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.