Inuvo (NYSE:INUV) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Inuvo (NYSE:INUV) in a report issued on Sunday. The firm issued a hold rating on the stock.

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

Inuvo Stock Performance

Inuvo stock opened at $0.26 on Friday. The firm’s 50 day moving average price is $0.24 and its two-hundred day moving average price is $0.27. Inuvo has a 1 year low of $0.19 and a 1 year high of $0.57. The firm has a market cap of $36.54 million, a price-to-earnings ratio of -4.34 and a beta of 1.15.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of INUV. Geode Capital Management LLC raised its position in shares of Inuvo by 7.4% during the third 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 last quarter. Bard Associates Inc. raised its position in shares of Inuvo by 7.1% during 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. raised its position 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 valued at $1,874,000 after buying an additional 46,290 shares during the last quarter. Institutional investors and hedge funds own 29.36% of the company’s stock.

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.