StockNews.com Initiates Coverage on Inuvo (NYSE:INUV)

Research analysts at StockNews.com started coverage on shares of Inuvo (NYSE:INUV) in a report issued on Friday. The brokerage 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 Stock Up 0.2 %

Shares of INUV stock opened at $0.45 on Friday. Inuvo has a fifty-two week low of $0.19 and a fifty-two week high of $0.79. The stock has a market cap of $62.54 million, a P/E ratio of -7.42 and a beta of 0.94. The business has a fifty day simple moving average of $0.39 and a 200-day simple moving average of $0.31.

Institutional Trading of Inuvo

An institutional investor recently raised its position in Inuvo stock. Geode Capital Management LLC raised its holdings in Inuvo, Inc. (NYSE:INUV) by 7.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 approximately 0.76% of Inuvo worth $264,000 at the end of the most recent quarter. 29.36% of the stock is owned by hedge funds and other 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.