Inuvo (NYSE:INUV) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Inuvo (NYSE:INUV) in a research note issued to investors on Tuesday morning. The firm issued a hold rating on the stock.

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

Inuvo Stock Performance

INUV stock opened at $0.34 on Tuesday. The company’s 50 day moving average is $0.26 and its two-hundred day moving average is $0.27. Inuvo has a twelve month low of $0.19 and a twelve month high of $0.57. The stock has a market cap of $47.74 million, a P/E ratio of -5.59 and a beta of 1.20.

Hedge Funds Weigh In On Inuvo

Several institutional investors have recently bought and sold shares of INUV. Vanguard Group Inc. lifted its holdings in Inuvo by 0.8% in the first quarter. Vanguard Group Inc. now owns 5,495,657 shares of the company’s stock valued at $1,874,000 after acquiring an additional 46,290 shares during the period. Bard Associates Inc. grew its position in shares of 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 purchasing an additional 279,100 shares during the last quarter. Finally, Geode Capital Management LLC increased its position 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 buying an additional 73,682 shares in the last quarter. 29.36% of the stock is owned by institutional investors and hedge funds.

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.