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

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

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

Inuvo Trading Down 2.1 %

INUV opened at $0.47 on Thursday. Inuvo has a 1-year low of $0.19 and a 1-year high of $0.79. The firm has a 50-day moving average price of $0.48 and a two-hundred day moving average price of $0.34. The stock has a market capitalization of $66.09 million, a PE ratio of -7.84 and a beta of 0.91.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Bard Associates Inc. raised its stake 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 buying an additional 279,100 shares during the last quarter. Perkins Capital Management Inc. raised its position in shares of Inuvo by 3.7% during the 4th 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 during the last quarter. Geode Capital Management LLC lifted its stake 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 valued at $778,000 after purchasing an additional 134,497 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of 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 purchasing an additional 43,349 shares during the last quarter. 29.36% of the stock is currently owned by institutional investors and hedge funds.

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.