StockNews.com began coverage on shares of Inuvo (NYSE:INUV - Free Report) in a research note published on Friday morning. The brokerage issued a hold rating on the stock.
Separately, Maxim Group upgraded shares of Inuvo to a "strong-buy" rating in a research report on Friday, November 8th.
Get Our Latest Stock Analysis on Inuvo
Inuvo Stock Performance
Shares of INUV stock traded down $0.01 during midday trading on Friday, reaching $0.44. 800,407 shares of the company were exchanged, compared to its average volume of 3,764,738. The company's 50 day moving average price is $0.38 and its two-hundred day moving average price is $0.31. The company has a market cap of $61.40 million, a P/E ratio of -7.28 and a beta of 0.94. Inuvo has a 12 month low of $0.19 and a 12 month high of $0.79.
Hedge Funds Weigh In On Inuvo
An institutional investor recently raised its position in Inuvo stock. Geode Capital Management LLC increased its position in Inuvo, Inc. (NYSE:INUV - Free Report) by 7.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,069,390 shares of the company's stock after purchasing an additional 73,682 shares during the period. Geode Capital Management LLC owned about 0.76% of Inuvo worth $264,000 at the end of the most recent reporting period. 29.36% of the stock is currently owned by institutional investors and hedge funds.
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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