Inuvo (NYSE:INUV) Upgraded by Maxim Group to Strong-Buy Rating

Maxim Group upgraded shares of Inuvo (NYSE:INUV) to a strong-buy rating in a research note published on Friday,Zacks.com reports.

Separately, StockNews.com started coverage on shares of Inuvo in a research report on Friday. They set a “hold” rating for the company.

Inuvo Stock Performance

NYSE INUV opened at $0.23 on Friday. Inuvo has a one year low of $0.20 and a one year high of $0.57. The stock has a 50-day moving average of $0.25 and a 200 day moving average of $0.27. The company has a market capitalization of $32.05 million, a price-to-earnings ratio of -3.80 and a beta of 1.15.

Institutional Investors Weigh In On Inuvo

An institutional investor recently raised its position in Inuvo stock. Vanguard Group Inc. increased its position in Inuvo, Inc. (NYSE:INUV) by 0.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,495,657 shares of the company’s stock after acquiring an additional 46,290 shares during the quarter. Vanguard Group Inc. owned about 3.93% of Inuvo worth $1,874,000 at the end of the most recent quarter. Institutional investors and hedge funds own 29.36% of the company’s stock.

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.