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

StockNews.com assumed coverage on shares of Inuvo (NYSE:INUV) in a research report report published on Saturday morning. The firm 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 Price Performance

NYSE:INUV opened at $0.20 on Friday. Inuvo has a 52 week low of $0.19 and a 52 week high of $0.57. The stock has a market capitalization of $28.52 million, a PE ratio of -3.38 and a beta of 1.15. The stock’s 50-day moving average price is $0.24 and its 200-day moving average price is $0.27.

Institutional Investors Weigh In On Inuvo

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Inuvo by 0.8% in 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. lifted its stake in Inuvo by 7.1% in the 3rd quarter. Bard Associates Inc. now owns 4,234,177 shares of the company’s stock worth $1,044,000 after purchasing an additional 279,100 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Inuvo by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,069,390 shares of the company’s stock worth $264,000 after purchasing an additional 73,682 shares in the last quarter. 29.36% of the stock is currently owned by institutional investors and hedge funds.

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.