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

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

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

Inuvo Stock Up 7.7 %

Shares of NYSE:INUV opened at $0.70 on Friday. Inuvo has a fifty-two week low of $0.19 and a fifty-two week high of $0.79. The company has a market cap of $97.80 million, a PE ratio of -11.60 and a beta of 1.20. The company’s 50-day moving average price is $0.32 and its 200 day moving average price is $0.29.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Inuvo stock. Bard Associates Inc. increased its stake in shares of Inuvo, Inc. (NYSE:INUV) by 7.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,234,177 shares of the company’s stock after acquiring an additional 279,100 shares during the period. Bard Associates Inc. owned 3.02% of Inuvo worth $1,044,000 as of its most recent filing with the SEC. 29.36% of the stock is currently owned by institutional investors and hedge funds.

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.