Inuvo (NYSE:INUV) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Inuvo (NYSE:INUV - Free Report) in a research note released on Friday morning. The firm 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.

Inuvo Trading Up 2.7 %

Shares of INUV stock traded up $0.02 during trading hours on Friday, reaching $0.72. 4,830,111 shares of the company's stock were exchanged, compared to its average volume of 6,564,956. Inuvo has a 1 year low of $0.19 and a 1 year high of $0.79. The stock has a market cap of $100.46 million, a PE ratio of -11.92 and a beta of 1.20. The stock's fifty day moving average price is $0.33 and its two-hundred day moving average price is $0.29.

Institutional Trading of Inuvo

A hedge fund recently raised its stake in Inuvo stock. Bard Associates Inc. grew its position in shares of Inuvo, Inc. (NYSE:INUV - Free Report) by 7.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,234,177 shares of the company's stock after buying an additional 279,100 shares during the period. Bard Associates Inc. owned about 3.02% of Inuvo worth $1,044,000 as of its most recent SEC filing. 29.36% of the stock is currently owned by hedge funds and other institutional investors.

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.