Inuvo (NYSE:INUV) Earns Hold Rating from Analysts at StockNews.com

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

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

Inuvo Trading Up 2.7 %

NYSE:INUV opened at $0.72 on Friday. The stock has a 50 day simple moving average of $0.33 and a 200 day simple moving average of $0.29. Inuvo has a 1-year low of $0.19 and a 1-year high of $0.79. The stock has a market cap of $100.46 million, a P/E ratio of -11.92 and a beta of 1.20.

Institutional Investors Weigh In On Inuvo

A hedge fund recently raised its stake in Inuvo stock. Geode Capital Management LLC increased its position in shares of Inuvo, Inc. (NYSE:INUV) by 7.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,069,390 shares of the company’s stock after purchasing an additional 73,682 shares during the quarter. Geode Capital Management LLC owned 0.76% of Inuvo worth $264,000 at the end of the most recent reporting period. 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.