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

StockNews.com initiated coverage on shares of Inuvo (NYSE:INUV) in a report published on Sunday. The firm issued a hold rating on the stock.

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

Inuvo Stock Down 6.0 %

INUV opened at $0.28 on Friday. Inuvo has a twelve month low of $0.19 and a twelve month high of $0.57. The company’s 50-day moving average price is $0.24 and its two-hundred day moving average price is $0.27. The stock has a market cap of $39.12 million, a price-to-earnings ratio of -4.64 and a beta of 1.15.

Institutional Trading of Inuvo

A number of institutional investors have recently modified their holdings of INUV. Vanguard Group Inc. lifted its holdings in Inuvo by 0.8% during the 1st 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 in the last quarter. Bard Associates Inc. increased its position in shares of Inuvo by 7.1% during 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 period. Finally, Geode Capital Management LLC lifted its holdings in shares of Inuvo by 7.4% in the third quarter. Geode Capital Management LLC now owns 1,069,390 shares of the company’s stock worth $264,000 after buying an additional 73,682 shares in the last quarter. 29.36% of the stock is currently owned by hedge funds and other 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.