Inuvo (NYSE:INUV) Upgraded at Maxim Group

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

Separately, StockNews.com initiated coverage on Inuvo in a research note on Friday. They set a “hold” rating for the company.

Inuvo Stock Performance

Inuvo stock opened at $0.23 on Friday. The company’s fifty day moving average price is $0.25 and its 200 day moving average price is $0.27. The stock has a market capitalization of $32.05 million, a P/E ratio of -3.80 and a beta of 1.15. Inuvo has a 1 year low of $0.20 and a 1 year high of $0.57.

Hedge Funds Weigh In On Inuvo

A hedge fund recently raised its stake in Inuvo stock. Vanguard Group Inc. raised its stake in Inuvo, Inc. (NYSE:INUV) by 0.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,495,657 shares of the company’s stock after buying an additional 46,290 shares during the quarter. Vanguard Group Inc. owned approximately 3.93% of Inuvo worth $1,874,000 at the end of the most recent quarter. 29.36% of the stock is owned by hedge funds and other institutional investors.

About Inuvo

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.