StockNews.com Initiates Coverage on Inuvo (NYSE:INUV)

Equities research analysts at StockNews.com initiated coverage on shares of Inuvo (NYSE:INUV) in a research report issued on Monday. The firm set 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 Price Performance

NYSE:INUV opened at $0.32 on Monday. The business’s 50-day simple moving average is $0.25 and its 200-day simple moving average is $0.27. Inuvo has a fifty-two week low of $0.19 and a fifty-two week high of $0.57. The stock has a market capitalization of $44.96 million, a PE ratio of -5.33 and a beta of 1.20.

Institutional Investors Weigh In On Inuvo

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its position in Inuvo by 7.4% during the third quarter. Geode Capital Management LLC now owns 1,069,390 shares of the company’s stock worth $264,000 after buying an additional 73,682 shares during the last quarter. Bard Associates Inc. boosted its position in Inuvo by 7.1% during the third 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. Finally, Vanguard Group Inc. increased its holdings in shares of 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 purchasing 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.