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

Research analysts at StockNews.com started coverage on shares of Inuvo (NYSE:INUV) in a research report issued to clients and investors on Wednesday. The firm set a “hold” rating on the stock.

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

Inuvo Price Performance

NYSE INUV opened at $0.41 on Wednesday. The company has a market capitalization of $57.18 million, a P/E ratio of -6.78 and a beta of 1.20. Inuvo has a 12 month low of $0.19 and a 12 month high of $0.57. The company’s 50 day simple moving average is $0.27 and its 200 day simple moving average is $0.27.

Institutional Trading of Inuvo

An institutional investor recently raised its position in Inuvo stock. Bard Associates Inc. raised its holdings in shares of Inuvo, Inc. (NYSE:INUV) by 7.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,234,177 shares of the company’s stock after acquiring an additional 279,100 shares during the quarter. Bard Associates Inc. owned approximately 3.02% of Inuvo worth $1,044,000 at the end of the most recent quarter. 29.36% of the stock is owned by 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.