Inuvo (NYSE:INUV) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Inuvo (NYSE:INUV) in a report issued on Saturday morning. The brokerage issued 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 Price Performance

Shares of Inuvo stock opened at $0.20 on Friday. The firm has a market cap of $28.52 million, a price-to-earnings ratio of -3.38 and a beta of 1.15. The business has a 50-day moving average price of $0.24 and a 200-day moving average price of $0.27. Inuvo has a twelve month low of $0.19 and a twelve month high of $0.57.

Institutional Trading of Inuvo

Several hedge funds and other institutional investors have recently made changes to their positions in INUV. Vanguard Group Inc. raised 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 acquiring an additional 46,290 shares during the last quarter. Bard Associates Inc. raised 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 acquiring an additional 279,100 shares during the last quarter. Finally, Geode Capital Management LLC raised 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 acquiring an additional 73,682 shares during the last quarter. Hedge funds and other institutional investors 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.