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

Equities research analysts at StockNews.com started coverage on shares of Inuvo (NYSE:INUV) in a research report issued on Thursday. The firm set a “hold” rating on the stock.

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

Inuvo Stock Down 2.1 %

Shares of NYSE INUV opened at $0.47 on Thursday. Inuvo has a twelve month low of $0.19 and a twelve month high of $0.79. The stock has a market cap of $66.09 million, a price-to-earnings ratio of -7.84 and a beta of 0.91. The company’s fifty day moving average is $0.48 and its 200-day moving average is $0.34.

Institutional Investors Weigh In On Inuvo

Large investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its stake in Inuvo by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,069,390 shares of the company’s stock worth $264,000 after purchasing an additional 73,682 shares during the period. Bard Associates Inc. lifted its holdings in shares of Inuvo by 7.1% in the third quarter. Bard Associates Inc. now owns 4,234,177 shares of the company’s stock valued at $1,044,000 after purchasing an additional 279,100 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Inuvo by 9.3% during the fourth quarter. Renaissance Technologies LLC now owns 507,149 shares of the company’s stock worth $328,000 after buying an additional 43,349 shares during the period. Finally, Perkins Capital Management Inc. grew its holdings in shares of Inuvo by 3.7% during the fourth quarter. Perkins Capital Management Inc. now owns 7,083,452 shares of the company’s stock worth $4,579,000 after buying an additional 255,590 shares in the last quarter. Institutional investors own 29.36% of the company’s stock.

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.