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 note issued to investors on Saturday. 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 Down 3.9 %

INUV stock opened at $0.41 on Friday. Inuvo has a 52-week low of $0.19 and a 52-week high of $0.79. The stock has a market cap of $58.08 million, a price-to-earnings ratio of -6.89 and a beta of 0.91. The business has a fifty day moving average of $0.49 and a two-hundred day moving average of $0.35.

Hedge Funds Weigh In On Inuvo

A number of hedge funds have recently made changes to their positions in INUV. Geode Capital Management LLC lifted its stake in Inuvo by 7.4% during the third quarter. Geode Capital Management LLC now owns 1,069,390 shares of the company’s stock worth $264,000 after purchasing an additional 73,682 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Inuvo by 9.3% in the 4th quarter. Renaissance Technologies LLC now owns 507,149 shares of the company’s stock valued at $328,000 after buying an additional 43,349 shares during the period. Bard Associates Inc. raised its holdings in shares of Inuvo by 7.1% in the 3rd quarter. Bard Associates Inc. now owns 4,234,177 shares of the company’s stock valued at $1,044,000 after buying an additional 279,100 shares during the period. Finally, Perkins Capital Management Inc. lifted its stake in Inuvo by 3.7% during the 4th 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 in the last quarter. Hedge funds and other 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.