Inuvo (NYSE:INUV) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Inuvo (NYSE:INUV) in a report issued on Tuesday morning. The brokerage issued a hold rating on the stock.

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

Inuvo Price Performance

Shares of INUV opened at $0.34 on Tuesday. The firm has a market cap of $47.74 million, a P/E ratio of -5.59 and a beta of 1.20. Inuvo has a 1 year low of $0.19 and a 1 year high of $0.57. The company has a 50 day simple moving average of $0.26 and a two-hundred day simple moving average of $0.27.

Institutional Trading of Inuvo

Several large investors have recently added to or reduced their stakes in INUV. Geode Capital Management LLC boosted 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 period. Bard Associates Inc. boosted its holdings in Inuvo by 7.1% during the 3rd 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. Finally, Vanguard Group Inc. lifted its position in shares of Inuvo by 0.8% during the first quarter. Vanguard Group Inc. now owns 5,495,657 shares of the company’s stock worth $1,874,000 after purchasing an additional 46,290 shares in the last quarter. 29.36% of the stock is currently owned by hedge funds and other institutional investors.

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.