Inuvo (NYSE:INUV) Upgraded to Strong-Buy at Maxim Group

Maxim Group upgraded shares of Inuvo (NYSE:INUV) to a strong-buy rating in a report released on Friday,Zacks.com reports.

Separately, StockNews.com started coverage on shares of Inuvo in a research report on Friday. They issued a “hold” rating on the stock.

Inuvo Stock Performance

INUV stock opened at $0.23 on Friday. The company’s 50 day moving average is $0.25 and its 200 day moving average is $0.27. The stock has a market cap of $32.05 million, a price-to-earnings ratio of -3.80 and a beta of 1.15. Inuvo has a 1-year low of $0.20 and a 1-year high of $0.57.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Inuvo stock. Bard Associates Inc. raised its position in shares of Inuvo, Inc. (NYSE:INUV) by 7.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,234,177 shares of the company’s stock after buying an additional 279,100 shares during the quarter. Bard Associates Inc. owned about 3.02% of Inuvo worth $1,044,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.