StockNews.com initiated coverage on shares of Inuvo (NYSE:INUV – Free 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 %
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:INUV – Free 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
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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