Inuvo (NYSE:INUV) Shares Gap Down - Time to Sell?

Inuvo, Inc. (NYSE:INUV - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $3.99, but opened at $3.84. Inuvo shares last traded at $3.58, with a volume of 514,953 shares changing hands.

Analyst Ratings Changes

INUV has been the subject of several research analyst reports. HC Wainwright reaffirmed a "buy" rating and set a $20.00 target price on shares of Inuvo in a research note on Tuesday, May 13th. Wall Street Zen assumed coverage on shares of Inuvo in a research report on Tuesday, May 20th. They set a "hold" rating for the company.

Inuvo Stock Performance

The stock has a market capitalization of $512.10 million, a PE ratio of -59.17 and a beta of 0.80. The stock's 50 day moving average is $3.98 and its two-hundred day moving average is $4.20.

Inuvo (NYSE:INUV - Get Free Report) last released its earnings results on Friday, May 9th. The company reported ($0.10) earnings per share for the quarter, meeting the consensus estimate of ($0.10). Inuvo had a negative return on equity of 57.24% and a negative net margin of 10.59%. During the same period in the prior year, the firm earned ($0.10) EPS. Equities research analysts expect that Inuvo, Inc. will post -0.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Inuvo

Several large investors have recently modified their holdings of INUV. Belpointe Asset Management LLC acquired a new stake in shares of Inuvo in the first quarter valued at $25,000. Renaissance Technologies LLC boosted its holdings in 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 acquiring an additional 43,349 shares during the period. Geode Capital Management LLC grew its position in Inuvo by 12.6% in the 4th quarter. Geode Capital Management LLC now owns 1,203,887 shares of the company's stock valued at $778,000 after acquiring an additional 134,497 shares in the last quarter. Finally, Perkins Capital Management Inc. increased its stake in Inuvo by 3.7% during the fourth quarter. Perkins Capital Management Inc. now owns 7,083,452 shares of the company's stock worth $4,579,000 after purchasing an additional 255,590 shares during the period. Institutional investors and hedge funds own 29.36% of the company's stock.

About Inuvo

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.