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 Friday. The firm issued a hold rating on the stock.

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

Inuvo Stock Down 5.4 %

Shares of INUV opened at $0.43 on Friday. The firm has a market cap of $60.88 million, a PE ratio of -7.22 and a beta of 0.91. The company’s fifty day moving average is $0.49 and its two-hundred day moving average is $0.34. Inuvo has a fifty-two week low of $0.19 and a fifty-two week high of $0.79.

Institutional Trading of Inuvo

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Perkins Capital Management Inc. raised its holdings in shares of Inuvo by 3.7% in the 4th quarter. Perkins Capital Management Inc. now owns 7,083,452 shares of the company’s stock worth $4,579,000 after purchasing an additional 255,590 shares in the last quarter. Bard Associates Inc. raised its holdings in shares of Inuvo by 7.1% in the 3rd quarter. Bard Associates Inc. now owns 4,234,177 shares of the company’s stock worth $1,044,000 after purchasing an additional 279,100 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Inuvo by 12.6% in the 4th quarter. Geode Capital Management LLC now owns 1,203,887 shares of the company’s stock worth $778,000 after purchasing an additional 134,497 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Inuvo by 9.3% during 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. 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.