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

StockNews.com initiated coverage on shares of Inuvo (NYSE:INUVFree Report) in a research report report published on Wednesday. The brokerage issued a hold rating on the stock.

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

Check Out Our Latest Stock Analysis on Inuvo

Inuvo Stock Down 3.6 %

Shares of Inuvo stock opened at $0.37 on Wednesday. Inuvo has a 52 week low of $0.19 and a 52 week high of $0.57. The business has a 50 day moving average price of $0.27 and a 200-day moving average price of $0.27. The company has a market cap of $51.99 million, a PE ratio of -6.17 and a beta of 1.20.

Hedge Funds Weigh In On Inuvo

A hedge fund recently raised its stake in Inuvo stock. Geode Capital Management LLC grew its stake in shares of Inuvo, Inc. (NYSE:INUVFree Report) by 7.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,069,390 shares of the company’s stock after buying an additional 73,682 shares during the quarter. Geode Capital Management LLC owned 0.76% of Inuvo worth $264,000 at the end of the most recent quarter. 29.36% of the stock is owned by institutional investors.

Inuvo Company Profile

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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.

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