Bard Associates Inc. Increases Stake in Inuvo, Inc. (NYSE:INUV)

Bard Associates Inc. grew its position in Inuvo, Inc. (NYSE:INUV) by 7.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,234,177 shares of the company’s stock after buying an additional 279,100 shares during the period. Bard Associates Inc. owned approximately 3.02% of Inuvo worth $1,044,000 as of its most recent SEC filing.

Separately, Vanguard Group Inc. raised its holdings in shares of Inuvo by 0.8% during the first quarter. Vanguard Group Inc. now owns 5,495,657 shares of the company’s stock valued at $1,874,000 after purchasing an additional 46,290 shares during the last quarter. Institutional investors own 29.36% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. StockNews.com initiated coverage on Inuvo in a research note on Friday, November 8th. They set a “hold” rating for the company. Maxim Group raised shares of Inuvo to a “strong-buy” rating in a report on Friday, November 8th.

Inuvo Stock Performance

Shares of NYSE INUV opened at $0.20 on Friday. The firm’s 50-day moving average price is $0.25 and its 200-day moving average price is $0.27. Inuvo, Inc. has a 12-month low of $0.20 and a 12-month high of $0.57.

About Inuvo

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.