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

StockNews.com began coverage on shares of Inuvo (NYSE:INUV) in a report published on Monday morning. The brokerage issued a hold rating on the stock.

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

Inuvo Stock Performance

Shares of NYSE:INUV opened at $0.35 on Monday. Inuvo has a 1 year low of $0.19 and a 1 year high of $0.57. The stock has a 50-day simple moving average of $0.24 and a 200-day simple moving average of $0.27. The stock has a market capitalization of $49.18 million, a P/E ratio of -5.83 and a beta of 1.15.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Bard Associates Inc. increased its holdings in Inuvo by 7.1% in the third quarter. Bard Associates Inc. now owns 4,234,177 shares of the company’s stock valued at $1,044,000 after buying an additional 279,100 shares during the last quarter. Geode Capital Management LLC raised its position 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. Finally, Vanguard Group Inc. boosted its holdings in 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 purchasing an additional 46,290 shares during the period. 29.36% of the stock is 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.