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

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

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

Inuvo Trading Up 7.8 %

Shares of Inuvo stock opened at $0.36 on Tuesday. The business has a 50-day moving average price of $0.25 and a two-hundred day moving average price of $0.27. Inuvo has a 1-year low of $0.19 and a 1-year high of $0.57. The company has a market cap of $50.86 million, a P/E ratio of -6.03 and a beta of 1.20.

Institutional Trading of Inuvo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in Inuvo by 7.4% in the third 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 during the period. Bard Associates Inc. lifted its holdings in shares of Inuvo by 7.1% in the 3rd quarter. Bard Associates Inc. now owns 4,234,177 shares of the company’s stock worth $1,044,000 after purchasing an additional 279,100 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Inuvo by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 5,495,657 shares of the company’s stock valued at $1,874,000 after purchasing an additional 46,290 shares during the period. 29.36% of the stock is owned by institutional investors.

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.