StockNews.com initiated coverage on shares of Inuvo (NYSE:INUV - Free Report) in a report published on Tuesday. The brokerage issued a hold rating on the stock.
Separately, Maxim Group raised Inuvo to a "strong-buy" rating in a research note on Friday, November 8th.
View Our Latest Stock Analysis on Inuvo
Inuvo Stock Performance
INUV traded down $0.02 during trading on Tuesday, reaching $0.35. 1,288,630 shares of the company's stock were exchanged, compared to its average volume of 503,586. The company's fifty day moving average price is $0.25 and its 200-day moving average price is $0.27. The firm has a market capitalization of $49.33 million, a PE ratio of -5.83 and a beta of 1.20. Inuvo has a fifty-two week low of $0.19 and a fifty-two week high of $0.57.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in INUV. Bard Associates Inc. increased its stake in Inuvo by 7.1% during 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 grew its stake in shares of Inuvo by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,069,390 shares of the company's stock worth $264,000 after acquiring an additional 73,682 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Inuvo by 0.8% in the first quarter. Vanguard Group Inc. now owns 5,495,657 shares of the company's stock valued at $1,874,000 after purchasing an additional 46,290 shares during the last quarter. 29.36% of the stock is currently owned by institutional investors.
About Inuvo
(
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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.
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