Inuvo (NYSE:INUV) Trading Down 11.2% - What's Next?

Inuvo, Inc. (NYSE:INUV - Get Free Report)'s share price was down 11.2% during trading on Tuesday . The company traded as low as $3.13 and last traded at $3.54. Approximately 614,127 shares traded hands during trading, an increase of 579% from the average daily volume of 90,456 shares. The stock had previously closed at $3.99.

Analysts Set New Price Targets

Several analysts recently weighed in on INUV shares. HC Wainwright reaffirmed a "buy" rating and issued a $20.00 price objective on shares of Inuvo in a research note on Tuesday, May 13th. Wall Street Zen began coverage on shares of Inuvo in a research note on Tuesday, May 20th. They issued a "hold" rating on the stock.

Inuvo Price Performance

The company has a market capitalization of $51.21 million, a price-to-earnings ratio of -59.17 and a beta of 0.80. The firm's fifty day moving average price is $3.99 and its 200-day moving average price is $4.20.

Inuvo (NYSE:INUV - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The company reported ($0.10) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.10). Inuvo had a negative return on equity of 57.24% and a negative net margin of 10.59%. During the same quarter last year, the company posted ($0.10) EPS. On average, research analysts predict that Inuvo, Inc. will post -0.02 earnings per share for the current year.

Hedge Funds Weigh In On Inuvo

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Belpointe Asset Management LLC bought a new stake in shares of Inuvo in the 1st quarter valued at $25,000. Renaissance Technologies LLC lifted its holdings in 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 buying an additional 43,349 shares during the period. Geode Capital Management LLC lifted its holdings in Inuvo by 12.6% in the fourth quarter. Geode Capital Management LLC now owns 1,203,887 shares of the company's stock valued at $778,000 after buying an additional 134,497 shares during the period. Finally, Perkins Capital Management Inc. boosted its position in Inuvo by 3.7% during the fourth quarter. Perkins Capital Management Inc. now owns 7,083,452 shares of the company's stock valued at $4,579,000 after acquiring an additional 255,590 shares during the last quarter. 29.36% of the stock is currently owned by institutional investors and hedge funds.

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.