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

Equities research analysts at StockNews.com began coverage on shares of Inuvo (NYSE:INUV) in a note issued to investors on Friday. The firm set a “hold” rating on the stock.

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

Inuvo Stock Performance

Shares of INUV stock opened at $0.44 on Friday. The stock’s fifty day moving average price is $0.38 and its two-hundred day moving average price is $0.31. The company has a market cap of $62.38 million, a PE ratio of -7.40 and a beta of 0.94. Inuvo has a fifty-two week low of $0.19 and a fifty-two week high of $0.79.

Hedge Funds Weigh In On Inuvo

A hedge fund recently raised its stake in Inuvo stock. Geode Capital Management LLC lifted its holdings in Inuvo, Inc. (NYSE:INUV) by 7.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,069,390 shares of the company’s stock after buying an additional 73,682 shares during the period. Geode Capital Management LLC owned approximately 0.76% of Inuvo worth $264,000 at the end of the most recent reporting period. 29.36% of the stock is currently owned by institutional investors.

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.