Geode Capital Management LLC Boosts Holdings in Inuvo, Inc. (NYSE:INUV)

Geode Capital Management LLC boosted its position in Inuvo, Inc. (NYSE:INUV) by 7.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,069,390 shares of the company’s stock after acquiring an additional 73,682 shares during the quarter. Geode Capital Management LLC owned 0.76% of Inuvo worth $264,000 at the end of the most recent quarter.

Separately, Bard Associates Inc. raised its holdings in Inuvo by 7.1% in the third quarter. Bard Associates Inc. now owns 4,234,177 shares of the company’s stock valued at $1,044,000 after acquiring an additional 279,100 shares in the last quarter. Institutional investors and hedge funds own 29.36% of the company’s stock.

Inuvo Trading Down 10.4 %

INUV stock opened at $0.50 on Tuesday. Inuvo, Inc. has a twelve month low of $0.19 and a twelve month high of $0.79. The company’s 50 day moving average is $0.37 and its two-hundred day moving average is $0.30. The stock has a market cap of $70.21 million, a P/E ratio of -8.33 and a beta of 0.94.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on INUV shares. Maxim Group raised shares of Inuvo to a “strong-buy” rating in a report on Friday, November 8th. StockNews.com assumed coverage on shares of Inuvo in a report on Friday, January 3rd. They set a “hold” rating on the 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.