Inuvo (NYSE:INUV) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Inuvo (NYSE:INUV) in a report released on Friday morning. The firm issued 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 Trading Down 5.4 %

INUV stock opened at $0.43 on Friday. The stock has a market cap of $60.88 million, a PE ratio of -7.22 and a beta of 0.91. Inuvo has a 12 month low of $0.19 and a 12 month high of $0.79. The company has a 50-day moving average price of $0.49 and a 200 day moving average price of $0.34.

Institutional Trading of Inuvo

Several institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC increased 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 buying an additional 73,682 shares during the period. Renaissance Technologies LLC grew its stake in Inuvo by 9.3% in the 4th quarter. Renaissance Technologies LLC now owns 507,149 shares of the company’s stock worth $328,000 after acquiring an additional 43,349 shares in the last quarter. Bard Associates Inc. increased its position in shares of Inuvo by 7.1% during the third quarter. Bard Associates Inc. now owns 4,234,177 shares of the company’s stock worth $1,044,000 after acquiring an additional 279,100 shares during the period. Finally, Perkins Capital Management Inc. raised its stake 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 valued at $4,579,000 after acquiring an additional 255,590 shares in the last quarter. 29.36% of the stock is currently owned by 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.