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

StockNews.com assumed coverage on shares of Inuvo (NYSE:INUV) in a research note published on Thursday morning. The firm issued a hold rating on the stock.

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

Inuvo Trading Up 1.7 %

INUV stock opened at $0.48 on Thursday. Inuvo has a 1-year low of $0.19 and a 1-year high of $0.79. The business’s 50 day simple moving average is $0.47 and its 200 day simple moving average is $0.33. The firm has a market capitalization of $67.48 million, a PE ratio of -8.01 and a beta of 0.91.

Hedge Funds Weigh In On Inuvo

Institutional investors and hedge funds have recently made changes to their positions in the company. Bard Associates Inc. boosted its stake in Inuvo by 7.1% in the 3rd 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 during the period. Geode Capital Management LLC lifted its holdings in shares of Inuvo by 7.4% during the third 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 in the last quarter. Perkins Capital Management Inc. lifted 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. Finally, Renaissance Technologies LLC boosted its position in shares of Inuvo by 9.3% in the fourth quarter. Renaissance Technologies LLC now owns 507,149 shares of the company’s stock valued at $328,000 after acquiring an additional 43,349 shares during the period. Institutional investors and hedge funds 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.