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

Stock analysts at StockNews.com started coverage on shares of Inuvo (NYSE:INUV) in a research note issued to investors on Tuesday. The brokerage set a “hold” rating on the stock.

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

Inuvo Stock Performance

Inuvo stock opened at $0.35 on Tuesday. Inuvo has a fifty-two week low of $0.19 and a fifty-two week high of $0.57. The company has a market cap of $48.89 million, a PE ratio of -5.80 and a beta of 1.20. The business’s 50-day simple moving average is $0.26 and its two-hundred day simple moving average is $0.27.

Institutional Trading of Inuvo

Several hedge funds and other institutional investors have recently bought and sold shares of INUV. Geode Capital Management LLC boosted 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 worth $264,000 after purchasing an additional 73,682 shares in the last quarter. Bard Associates Inc. boosted its holdings in 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 buying an additional 279,100 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Inuvo by 0.8% during the first quarter. Vanguard Group Inc. now owns 5,495,657 shares of the company’s stock valued at $1,874,000 after buying an additional 46,290 shares during the period. 29.36% of the stock is 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.