Inuvo (NYSE:INUV) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Inuvo (NYSE:INUV) in a research note issued on Sunday. The firm set 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 Up 23.8 %

NYSE INUV opened at $0.30 on Friday. The business’s fifty day simple moving average is $0.24 and its 200-day simple moving average is $0.27. The firm has a market cap of $42.15 million, a PE ratio of -5.00 and a beta of 1.15. Inuvo has a 52 week low of $0.19 and a 52 week high of $0.57.

Hedge Funds Weigh In On Inuvo

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Inuvo by 0.8% in the 1st 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 period. Bard Associates Inc. increased its position in Inuvo by 7.1% during the 3rd 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, Geode Capital Management LLC raised its position in Inuvo by 7.4% in the third 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 in 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.