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

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

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

Inuvo Price Performance

Shares of INUV stock opened at $0.42 on Wednesday. The stock has a market capitalization of $59.45 million, a PE ratio of -7.05 and a beta of 1.20. The business’s 50 day simple moving average is $0.27 and its 200 day simple moving average is $0.27. Inuvo has a one year low of $0.19 and a one year high of $0.57.

Institutional Investors Weigh In On Inuvo

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

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.