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

StockNews.com initiated coverage on shares of Inuvo (NYSE:INUV) in a research report sent to investors on Thursday morning. The brokerage issued a hold rating on the stock.

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

Inuvo Trading Up 12.6 %

Shares of NYSE:INUV opened at $0.49 on Thursday. Inuvo has a 1 year low of $0.19 and a 1 year high of $0.57. The firm has a fifty day moving average price of $0.29 and a 200 day moving average price of $0.28. The stock has a market capitalization of $68.85 million, a PE ratio of -8.17 and a beta of 1.20.

Hedge Funds Weigh In On Inuvo

An institutional investor recently raised its position in Inuvo stock. Bard Associates Inc. lifted its position in shares of Inuvo, Inc. (NYSE:INUV) by 7.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,234,177 shares of the company’s stock after acquiring an additional 279,100 shares during the period. Bard Associates Inc. owned approximately 3.02% of Inuvo worth $1,044,000 as of its most recent filing with the Securities and Exchange Commission. 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.