Inuvo (NYSE:INUV) Now Covered by StockNews.com

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

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

Inuvo Price Performance

NYSE:INUV opened at $0.72 on Friday. The firm has a market cap of $100.46 million, a PE ratio of -11.92 and a beta of 1.20. The company has a 50-day moving average of $0.33 and a 200 day moving average of $0.29. Inuvo has a 1-year low of $0.19 and a 1-year high of $0.79.

Institutional Investors Weigh In On Inuvo

A hedge fund recently raised its stake in Inuvo stock. Bard Associates Inc. grew its holdings in Inuvo, Inc. (NYSE:INUV) by 7.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,234,177 shares of the company’s stock after acquiring an additional 279,100 shares during the quarter. Bard Associates Inc. owned 3.02% of Inuvo worth $1,044,000 at the end of the most recent reporting period. 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.