Investment analysts at StockNews.com assumed coverage on shares of Inuvo (NYSE:INUV - Get Free Report) in a research report issued on Wednesday. The brokerage set a "hold" rating on the stock.
Separately, Maxim Group raised shares of Inuvo to a "strong-buy" rating in a research note on Friday, November 8th.
View Our Latest Analysis on INUV
Inuvo Trading Down 3.6 %
Shares of INUV stock traded down $0.01 during trading hours on Wednesday, hitting $0.37. 4,477,288 shares of the company were exchanged, compared to its average volume of 531,413. The company has a market capitalization of $51.99 million, a PE ratio of -6.17 and a beta of 1.20. Inuvo has a 52 week low of $0.19 and a 52 week high of $0.57. The business has a 50 day moving average of $0.27 and a two-hundred day moving average of $0.27.
Hedge Funds Weigh In On Inuvo
A hedge fund recently raised its stake in Inuvo stock. Geode Capital Management LLC lifted its stake in shares of Inuvo, Inc. (NYSE:INUV - Free Report) by 7.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,069,390 shares of the company's stock after buying an additional 73,682 shares during the quarter. Geode Capital Management LLC owned about 0.76% of Inuvo worth $264,000 as of its most recent SEC filing. 29.36% of the stock is 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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