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

StockNews.com started coverage on shares of Inuvo (NYSE:INUV) in a research report report published on Friday morning. The firm issued a hold rating on the stock.

Separately, Maxim Group upgraded Inuvo to a “strong-buy” rating in a research note on Friday, November 8th.

Inuvo Trading Up 0.2 %

NYSE:INUV opened at $0.45 on Friday. Inuvo has a 12 month low of $0.19 and a 12 month high of $0.79. The firm’s 50 day moving average is $0.39 and its 200 day moving average is $0.31. The stock has a market capitalization of $62.54 million, a PE ratio of -7.42 and a beta of 0.94.

Hedge Funds Weigh In On Inuvo

An institutional investor recently raised its position in Inuvo stock. Geode Capital Management LLC boosted its stake in Inuvo, Inc. (NYSE:INUV) by 7.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,069,390 shares of the company’s stock after purchasing an additional 73,682 shares during the quarter. Geode Capital Management LLC owned approximately 0.76% of Inuvo worth $264,000 as of its most recent filing with the Securities & Exchange Commission. 29.36% of the stock is currently owned by institutional investors and hedge funds.

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.