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

StockNews.com assumed coverage on shares of Inuvo (NYSE:INUV) in a report issued on Thursday. The brokerage issued a hold rating on the stock.

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

Inuvo Stock Up 10.5 %

INUV stock opened at $0.44 on Thursday. Inuvo has a twelve month low of $0.19 and a twelve month high of $0.57. The company has a market cap of $61.12 million, a P/E ratio of -7.25 and a beta of 1.20. The business’s fifty day moving average is $0.28 and its 200-day moving average is $0.27.

Institutional Inflows and Outflows

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