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

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

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

Inuvo Stock Performance

NYSE INUV opened at $0.20 on Friday. Inuvo has a 1-year low of $0.19 and a 1-year high of $0.57. The company has a 50 day moving average of $0.24 and a 200-day moving average of $0.27. The company has a market cap of $28.52 million, a price-to-earnings ratio of -3.38 and a beta of 1.15.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Inuvo stock. Bard Associates Inc. raised its position in shares of Inuvo, Inc. (NYSE:INUV) by 7.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,234,177 shares of the company’s stock after purchasing an additional 279,100 shares during the period. Bard Associates Inc. owned approximately 3.02% of Inuvo worth $1,044,000 at the end of the most recent reporting period. Hedge funds and other 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.