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

Equities research analysts at StockNews.com assumed coverage on shares of Inuvo (NYSE:INUV) in a report issued on Thursday. The brokerage set a “hold” rating on the stock.

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

Inuvo Stock Down 1.6 %

Shares of INUV stock opened at $0.39 on Thursday. Inuvo has a 52-week low of $0.19 and a 52-week high of $0.57. The stock has a market cap of $55.33 million, a PE ratio of -6.56 and a beta of 1.20. The business has a 50-day simple moving average of $0.28 and a 200-day simple moving average of $0.27.

Institutional Trading of Inuvo

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