StockNews.com started coverage on shares of Inuvo (NYSE:INUV - Free Report) in a report published on Sunday. The firm issued a hold rating on the stock.
Separately, HC Wainwright started coverage on shares of Inuvo in a research report on Tuesday, March 11th. They issued a "buy" rating and a $2.00 price objective for the company.
View Our Latest Report on INUV
Inuvo Trading Down 1.3 %
Shares of Inuvo stock traded down $0.01 during trading hours on Friday, reaching $0.40. The stock had a trading volume of 805,465 shares, compared to its average volume of 801,579. The firm has a market capitalization of $57.26 million, a price-to-earnings ratio of -6.65 and a beta of 0.98. Inuvo has a 1 year low of $0.19 and a 1 year high of $0.79. The firm has a 50 day simple moving average of $0.38 and a two-hundred day simple moving average of $0.39.
Institutional Investors Weigh In On Inuvo
Several hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew its position in Inuvo by 7.4% in the third quarter. Geode Capital Management LLC now owns 1,069,390 shares of the company's stock valued at $264,000 after acquiring an additional 73,682 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Inuvo by 9.3% in the fourth quarter. Renaissance Technologies LLC now owns 507,149 shares of the company's stock valued at $328,000 after purchasing an additional 43,349 shares during the period. Finally, Perkins Capital Management Inc. grew its holdings in Inuvo by 3.7% during the 4th quarter. Perkins Capital Management Inc. now owns 7,083,452 shares of the company's stock valued at $4,579,000 after purchasing an additional 255,590 shares in the last quarter. 29.36% of the stock is currently owned by hedge funds and other 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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