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

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

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

Inuvo Stock Performance

Inuvo stock opened at $0.39 on Thursday. Inuvo has a one year low of $0.19 and a one year high of $0.57. The stock has a fifty day moving average of $0.28 and a 200 day moving average of $0.27. The stock has a market cap of $55.33 million, a PE ratio of -6.56 and a beta of 1.20.

Institutional Trading of Inuvo

An institutional investor recently raised its position in Inuvo stock. Bard Associates Inc. grew its holdings in shares of Inuvo, Inc. (NYSE:INUV) by 7.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,234,177 shares of the company’s stock after purchasing an additional 279,100 shares during the quarter. Bard Associates Inc. owned about 3.02% of Inuvo worth $1,044,000 at the end of the most recent reporting period. 29.36% of the stock is currently owned by institutional investors.

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.