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

StockNews.com started coverage on shares of Inuvo (NYSE:INUV) in a report published on Tuesday. The firm issued a hold rating on the stock.

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

Inuvo Trading Down 4.3 %

Shares of NYSE:INUV opened at $0.35 on Tuesday. Inuvo has a twelve month low of $0.19 and a twelve month high of $0.57. The company’s 50 day moving average is $0.25 and its 200 day moving average is $0.27. The company has a market cap of $49.33 million, a PE ratio of -5.83 and a beta of 1.20.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in INUV. Vanguard Group Inc. lifted its position in shares of Inuvo by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 5,495,657 shares of the company’s stock valued at $1,874,000 after buying an additional 46,290 shares in the last quarter. Bard Associates Inc. lifted its holdings 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 in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Inuvo by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,069,390 shares of the company’s stock valued at $264,000 after purchasing an additional 73,682 shares in the last quarter. Hedge funds and other institutional investors 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.