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

StockNews.com assumed coverage on shares of Inuvo (NYSE:INUV) in a research note published on Saturday. The firm issued a hold rating on the stock.

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

Inuvo Trading Down 3.9 %

NYSE INUV opened at $0.41 on Friday. The stock has a 50-day simple moving average of $0.49 and a 200 day simple moving average of $0.35. The company has a market capitalization of $58.08 million, a PE ratio of -6.89 and a beta of 0.91. Inuvo has a 12 month low of $0.19 and a 12 month high of $0.79.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in INUV. Bard Associates Inc. grew its stake in 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 acquiring an additional 279,100 shares during the period. Geode Capital Management LLC grew its stake in Inuvo by 7.4% in the third quarter. Geode Capital Management LLC now owns 1,069,390 shares of the company’s stock valued at $264,000 after acquiring an additional 73,682 shares during the period. Perkins Capital Management Inc. grew its stake in Inuvo by 3.7% in the fourth quarter. Perkins Capital Management Inc. now owns 7,083,452 shares of the company’s stock valued at $4,579,000 after acquiring an additional 255,590 shares during the period. Finally, Renaissance Technologies LLC grew its stake in Inuvo by 9.3% in the fourth quarter. Renaissance Technologies LLC now owns 507,149 shares of the company’s stock valued at $328,000 after acquiring an additional 43,349 shares during the period. 29.36% of the stock is 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.