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

Analysts at StockNews.com began coverage on shares of Inuvo (NYSE:INUV) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the stock.

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

Inuvo Stock Performance

Inuvo stock opened at $0.49 on Thursday. The company has a market capitalization of $68.85 million, a PE ratio of -8.17 and a beta of 1.20. The company has a 50 day moving average price of $0.29 and a 200-day moving average price of $0.28. Inuvo has a fifty-two week low of $0.19 and a fifty-two week high of $0.57.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Inuvo stock. Geode Capital Management LLC raised its holdings in shares of Inuvo, Inc. (NYSE:INUV) by 7.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,069,390 shares of the company’s stock after purchasing an additional 73,682 shares during the period. Geode Capital Management LLC owned 0.76% of Inuvo worth $264,000 at the end of the most recent quarter. Hedge funds and other institutional investors 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.