StockNews.com Initiates Coverage on Inuvo (NYSE:INUV)

Equities research analysts at StockNews.com began coverage on shares of Inuvo (NYSE:INUV) in a research note issued on Sunday. 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 Performance

Inuvo stock opened at $0.24 on Friday. The company has a market cap of $34.04 million, a price-to-earnings ratio of -4.04 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 price of $0.24 and a 200 day moving average price of $0.27.

Institutional Investors Weigh In On Inuvo

Institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted 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 valued at $264,000 after acquiring an additional 73,682 shares in the last quarter. Bard Associates Inc. lifted 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 in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Inuvo by 0.8% in 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 during the period. 29.36% of the stock is currently 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.