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

StockNews.com started coverage on shares of Inuvo (NYSE:INUV) in a report issued on Friday morning. The firm issued a hold rating on the stock.

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

Inuvo Stock Performance

Shares of INUV stock opened at $0.45 on Friday. Inuvo has a 52-week low of $0.19 and a 52-week high of $0.79. The business’s fifty day moving average is $0.39 and its 200 day moving average is $0.31. The company has a market capitalization of $62.54 million, a PE ratio of -7.42 and a beta of 0.94.

Hedge Funds Weigh In On Inuvo

An institutional investor recently raised its position in Inuvo stock. Geode Capital Management LLC increased its position in Inuvo, Inc. (NYSE:INUV) by 7.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC). 29.36% of the stock is currently owned by institutional investors and hedge funds.

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.