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

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

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

Inuvo Stock Down 5.5 %

INUV opened at $0.44 on Friday. The company has a market capitalization of $62.38 million, a price-to-earnings ratio of -7.40 and a beta of 0.94. The firm has a 50-day moving average price of $0.38 and a 200-day moving average price of $0.31. Inuvo has a twelve month low of $0.19 and a twelve month high of $0.79.

Institutional Trading of Inuvo

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