StockNews.com assumed coverage on shares of Inuvo (NYSE:INUV - Free Report) in a research note published on Monday morning. The brokerage issued a hold rating on the stock.
Separately, HC Wainwright assumed coverage on Inuvo in a report on Tuesday, March 11th. They issued a "buy" rating and a $2.00 price objective for the company.
View Our Latest Analysis on Inuvo
Inuvo Stock Up 0.4%
INUV stock traded up $0.00 during midday trading on Monday, hitting $0.44. The company's stock had a trading volume of 446,133 shares, compared to its average volume of 838,177. The stock's 50-day moving average price is $0.39 and its 200 day moving average price is $0.39. Inuvo has a 1 year low of $0.19 and a 1 year high of $0.79. The stock has a market cap of $63.76 million, a price-to-earnings ratio of -7.35 and a beta of 0.98.
Inuvo (NYSE:INUV - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). Inuvo had a negative return on equity of 57.24% and a negative net margin of 10.59%. During the same period in the previous year, the company earned ($0.01) EPS. As a group, equities analysts forecast that Inuvo will post -0.02 earnings per share for the current fiscal year.
Institutional Trading of Inuvo
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Perkins Capital Management Inc. raised its stake in shares of 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 during the period. Geode Capital Management LLC raised its stake in shares of Inuvo by 12.6% during the 4th quarter. Geode Capital Management LLC now owns 1,203,887 shares of the company's stock valued at $778,000 after purchasing an additional 134,497 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of Inuvo by 9.3% during the 4th 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. 29.36% of the stock is currently owned by institutional investors.
Inuvo Company Profile
(
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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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