Inuvo (NYSE:INUV) Shares Down 0.9% - Should You Sell?

Key Points

• Inuvo's shares fell by 0.9%, closing at $3.49 after a trading volume decline of 43% from the average.
• Analysts have mixed views on Inuvo, with a consensus "Buy" rating and a price target averaging $13.50, according to recent reports from multiple investment firms.
• Institutional investors hold 29.36% of Inuvo's stock, with a hedge fund recently acquiring 70,000 shares valued at around $25,000.

Inuvo, Inc. (NYSE:INUV - Get Free Report) fell 0.9% during trading on Tuesday . The company traded as low as $3.45 and last traded at $3.49. 69,776 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 121,927 shares. The stock had previously closed at $3.52.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on INUV. Wall Street Zen began coverage on Inuvo in a research note on Tuesday, May 20th. They issued a "hold" rating for the company. HC Wainwright upped their target price on Inuvo from $2.00 to $15.00 and gave the company a "buy" rating in a research note on Monday, June 30th. Finally, Maxim Group set a $12.00 target price on Inuvo and gave the company a "buy" rating in a research note on Monday, August 11th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Inuvo presently has an average rating of "Buy" and an average price target of $13.50.

Inuvo Price Performance

The firm has a 50 day simple moving average of $4.38 and a 200-day simple moving average of $4.10. The stock has a market capitalization of $50.06 million, a price-to-earnings ratio of -57.17 and a beta of 0.95.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Inuvo stock. Barden Capital Management Inc. acquired a new position in shares of Inuvo, Inc. (NYSE:INUV - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,612 shares of the company's stock, valued at approximately $72,000. Barden Capital Management Inc. owned approximately 0.11% of Inuvo at the end of the most recent reporting period. Institutional investors own 29.36% of the company's stock.

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.