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

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

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

Inuvo Stock Performance

INUV stock opened at $0.47 on Thursday. The company’s 50-day simple moving average is $0.47 and its 200 day simple moving average is $0.33. Inuvo has a 52 week low of $0.19 and a 52 week high of $0.79. The company has a market capitalization of $66.37 million, a PE ratio of -7.87 and a beta of 0.91.

Institutional Investors Weigh In On Inuvo

A number of large investors have recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in shares of 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 during the last quarter. Perkins Capital Management Inc. lifted its holdings in shares of Inuvo by 3.7% in the fourth quarter. Perkins Capital Management Inc. now owns 7,083,452 shares of the company’s stock worth $4,579,000 after acquiring an additional 255,590 shares during the last quarter. Finally, Bard Associates Inc. lifted its holdings in shares of Inuvo by 7.1% in the third quarter. Bard Associates Inc. now owns 4,234,177 shares of the company’s stock worth $1,044,000 after acquiring an additional 279,100 shares during the last quarter. 29.36% of the stock is currently owned by institutional investors and hedge funds.

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.