Inuvo (NYSE:INUV) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Inuvo (NYSE:INUV) in a research note issued to investors on Friday morning. The firm issued a hold rating on the stock.

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

Inuvo Price Performance

Shares of NYSE INUV opened at $0.45 on Friday. Inuvo has a 1-year low of $0.19 and a 1-year high of $0.79. The business’s 50 day moving average is $0.39 and its two-hundred day moving average is $0.31. The stock has a market capitalization of $62.54 million, a P/E ratio of -7.42 and a beta of 0.94.

Institutional Investors Weigh In On Inuvo

A hedge fund recently raised its stake in Inuvo stock. Geode Capital Management LLC increased its stake in shares of Inuvo, Inc. (NYSE:INUV) by 7.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,069,390 shares of the company’s stock after purchasing an additional 73,682 shares during the quarter. Geode Capital Management LLC owned approximately 0.76% of Inuvo worth $264,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 29.36% of the company’s stock.

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.