Shares of Inuvo, Inc. (NYSE:INUV - Get Free Report) were up 14.5% during trading on Thursday . The company traded as high as $3.55 and last traded at $3.48. Approximately 152,450 shares were traded during mid-day trading, an increase of 65% from the average daily volume of 92,160 shares. The stock had previously closed at $3.04.
Analyst Upgrades and Downgrades
A number of analysts have commented on INUV shares. HC Wainwright reiterated a "buy" rating and issued a $20.00 price target on shares of Inuvo in a research note on Tuesday, May 13th. Wall Street Zen started coverage on shares of Inuvo in a research note on Tuesday, May 20th. They issued a "hold" rating for the company.
Read Our Latest Stock Analysis on INUV
Inuvo Trading Down 0.3%
The business's 50 day moving average price is $3.99 and its 200-day moving average price is $4.21. The company has a market cap of $51.21 million, a price-to-earnings ratio of -59.17 and a beta of 0.80.
Inuvo (NYSE:INUV - Get Free Report) last posted its earnings results on Friday, May 9th. The company reported ($0.10) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.10). Inuvo had a negative net margin of 10.59% and a negative return on equity of 57.24%. During the same quarter in the previous year, the firm posted ($0.10) earnings per share. Equities research analysts forecast that Inuvo, Inc. will post -0.02 EPS for the current fiscal year.
Institutional Trading of Inuvo
A number of hedge funds have recently modified their holdings of INUV. Belpointe Asset Management LLC acquired a new stake in shares of Inuvo during the 1st quarter worth about $25,000. Renaissance Technologies LLC increased its position in Inuvo by 9.3% during the fourth quarter. Renaissance Technologies LLC now owns 507,149 shares of the company's stock worth $328,000 after acquiring an additional 43,349 shares during the period. Geode Capital Management LLC increased its position in Inuvo by 12.6% during the fourth quarter. Geode Capital Management LLC now owns 1,203,887 shares of the company's stock worth $778,000 after acquiring an additional 134,497 shares during the period. Finally, Perkins Capital Management Inc. increased 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 worth $4,579,000 after acquiring an additional 255,590 shares during the period. Institutional investors and hedge funds own 29.36% of the company's stock.
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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