Inuvo (NYSE:INUV) Now Covered by StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Inuvo (NYSE:INUV) in a research note issued to investors on Wednesday. The firm set a “hold” rating on the stock.

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

Inuvo Stock Up 10.0 %

INUV stock opened at $0.41 on Wednesday. The company has a market capitalization of $57.18 million, a price-to-earnings ratio of -6.78 and a beta of 1.20. The firm has a 50 day moving average of $0.27 and a two-hundred day moving average of $0.27. Inuvo has a 12 month low of $0.19 and a 12 month high of $0.57.

Institutional Investors Weigh In On Inuvo

A hedge fund recently raised its stake in Inuvo stock. Geode Capital Management LLC increased its position in shares of Inuvo, Inc. (NYSE:INUV) by 7.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,069,390 shares of the company’s stock after buying an additional 73,682 shares during the period. Geode Capital Management LLC owned 0.76% of Inuvo worth $264,000 at the end of the most recent reporting period. 29.36% of the stock is owned by hedge funds and other institutional investors.

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.