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

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

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

Inuvo Stock Performance

Shares of INUV opened at $0.30 on Friday. Inuvo has a fifty-two week low of $0.19 and a fifty-two week high of $0.57. The stock has a fifty day moving average of $0.24 and a two-hundred day moving average of $0.27. The company has a market capitalization of $42.15 million, a PE ratio of -5.00 and a beta of 1.15.

Institutional Trading of Inuvo

A number of institutional investors and hedge funds have recently made changes to their positions in INUV. Vanguard Group Inc. boosted its holdings in Inuvo by 0.8% in the first quarter. Vanguard Group Inc. now owns 5,495,657 shares of the company’s stock valued at $1,874,000 after acquiring an additional 46,290 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of 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 during the period. Finally, Bard Associates Inc. raised its holdings in shares of 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 during the period. 29.36% of the stock is currently owned by institutional investors and hedge funds.

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.