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

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

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

Inuvo Stock Performance

Shares of Inuvo stock opened at $0.38 on Wednesday. Inuvo has a one year low of $0.19 and a one year high of $0.57. The company has a market cap of $53.92 million, a PE ratio of -6.40 and a beta of 1.20. The business has a 50-day simple moving average of $0.26 and a 200-day simple moving average of $0.27.

Institutional Investors Weigh In On Inuvo

An institutional investor recently raised its position in Inuvo stock. Geode Capital Management LLC lifted its stake in shares of Inuvo, Inc. (NYSE:INUV) by 7.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,069,390 shares of the company’s stock after purchasing an additional 73,682 shares during the quarter. Geode Capital Management LLC owned about 0.76% of Inuvo worth $264,000 at the end of the most recent quarter. 29.36% of the stock is owned by 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.