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

StockNews.com started coverage on shares of Inuvo (NYSE:INUV) in a research report sent to investors on Saturday 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 Down 10.4 %

NYSE:INUV opened at $0.37 on Friday. Inuvo has a twelve month low of $0.19 and a twelve month high of $0.79. The company has a market cap of $52.07 million, a P/E ratio of -6.18 and a beta of 0.91. The company’s 50-day moving average price is $0.49 and its 200-day moving average price is $0.35.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Perkins Capital Management Inc. increased its position in 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 purchasing an additional 255,590 shares during the last quarter. Bard Associates Inc. grew its stake 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 valued at $1,044,000 after buying an additional 279,100 shares during the period. Geode Capital Management LLC increased its holdings in shares of Inuvo by 12.6% during the 4th quarter. Geode Capital Management LLC now owns 1,203,887 shares of the company’s stock worth $778,000 after buying an additional 134,497 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Inuvo by 9.3% during the 4th quarter. Renaissance Technologies LLC now owns 507,149 shares of the company’s stock valued at $328,000 after buying an additional 43,349 shares during the period. Institutional investors and hedge funds 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.