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

StockNews.com began coverage on shares of Inuvo (NYSE:INUV) in a research note published on Thursday. The brokerage issued 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 Performance

Shares of Inuvo stock opened at $0.48 on Thursday. Inuvo has a 52-week low of $0.19 and a 52-week high of $0.79. The business’s 50 day simple moving average is $0.47 and its 200 day simple moving average is $0.33. The firm has a market cap of $67.48 million, a PE ratio of -8.01 and a beta of 0.91.

Institutional Trading of Inuvo

Several institutional investors and hedge funds have recently bought and sold shares of INUV. Geode Capital Management LLC increased its position in shares of Inuvo by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,069,390 shares of the company’s stock worth $264,000 after purchasing an additional 73,682 shares during the last quarter. Bard Associates Inc. grew its stake 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 buying an additional 279,100 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Inuvo by 9.3% during the fourth quarter. Renaissance Technologies LLC now owns 507,149 shares of the company’s stock worth $328,000 after buying an additional 43,349 shares during the last quarter. Finally, Perkins Capital Management Inc. raised its position in Inuvo by 3.7% during the fourth quarter. Perkins Capital Management Inc. now owns 7,083,452 shares of the company’s stock worth $4,579,000 after acquiring an additional 255,590 shares in the last quarter. Institutional investors 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.