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

StockNews.com initiated coverage on shares of Inuvo (NYSE:INUV) in a research report report published on Monday. The firm 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 Stock Performance

Shares of NYSE INUV opened at $0.35 on Monday. The business has a 50-day simple moving average of $0.24 and a two-hundred day simple moving average of $0.27. Inuvo has a fifty-two week low of $0.19 and a fifty-two week high of $0.57. The company has a market cap of $49.18 million, a PE ratio of -5.83 and a beta of 1.15.

Institutional Investors Weigh In On Inuvo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INUV. Geode Capital Management LLC boosted its position in Inuvo by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,069,390 shares of the company’s stock valued at $264,000 after buying an additional 73,682 shares during the period. Bard Associates Inc. raised its holdings in shares of Inuvo by 7.1% in 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 last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Inuvo by 0.8% during the first 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 during the period. Institutional investors and hedge funds 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.