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

StockNews.com started coverage on shares of Inuvo (NYSE:INUV) in a research note published on Friday 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 Stock Performance

Shares of NYSE:INUV opened at $0.43 on Friday. The firm has a market cap of $60.88 million, a price-to-earnings ratio of -7.22 and a beta of 0.91. The firm has a fifty day moving average price of $0.49 and a 200 day moving average price of $0.34. Inuvo has a fifty-two week low of $0.19 and a fifty-two week high of $0.79.

Institutional Investors Weigh In On Inuvo

Several large investors have recently bought and sold shares of the business. Perkins Capital Management Inc. lifted its position in Inuvo by 3.7% during the fourth quarter. Perkins Capital Management Inc. now owns 7,083,452 shares of the company’s stock valued at $4,579,000 after purchasing an additional 255,590 shares during the last quarter. Bard Associates Inc. raised its position in shares of Inuvo by 7.1% during the 3rd 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 in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Inuvo by 12.6% in the 4th quarter. Geode Capital Management LLC now owns 1,203,887 shares of the company’s stock valued at $778,000 after acquiring an additional 134,497 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Inuvo by 9.3% in the fourth quarter. Renaissance Technologies LLC now owns 507,149 shares of the company’s stock worth $328,000 after acquiring an additional 43,349 shares in the last quarter. Institutional investors own 29.36% of the company’s stock.

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.