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

Equities researchers at StockNews.com began coverage on shares of Inuvo (NYSE:INUV) in a report released on Friday. The firm set a “hold” rating on the stock.

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

Inuvo Stock Up 7.7 %

INUV stock opened at $0.70 on Friday. The stock has a market capitalization of $97.80 million, a price-to-earnings ratio of -11.60 and a beta of 1.20. Inuvo has a 52-week low of $0.19 and a 52-week high of $0.79. The stock’s fifty day simple moving average is $0.32 and its 200-day simple moving average is $0.29.

Institutional Trading of Inuvo

An institutional investor recently raised its position in Inuvo stock. Geode Capital Management LLC lifted its stake in shares of Inuvo, Inc. (NYSE:INUV) by 7.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,069,390 shares of the company’s stock after purchasing an additional 73,682 shares during the quarter. Geode Capital Management LLC owned about 0.76% of Inuvo worth $264,000 as of its most recent filing with the Securities and Exchange Commission. 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.