Inuvo, Inc. (NYSE:INUV - Get Free Report)'s stock price traded up 4.1% during trading on Wednesday . The company traded as high as $5.93 and last traded at $5.88. 150,344 shares changed hands during trading, an increase of 43% from the average session volume of 105,342 shares. The stock had previously closed at $5.65.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the stock. HC Wainwright raised their target price on shares of Inuvo from $2.00 to $15.00 and gave the stock a "buy" rating in a research report on Monday, June 30th. Wall Street Zen assumed coverage on shares of Inuvo in a research report on Tuesday, May 20th. They set a "hold" rating on the stock.
Get Our Latest Stock Report on INUV
Inuvo Price Performance
The company's fifty day moving average is $4.46 and its 200-day moving average is $4.30. The stock has a market cap of $81.50 million, a PE ratio of -94.17 and a beta of 0.81.
Inuvo (NYSE:INUV - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The company reported ($0.10) earnings per share for the quarter, meeting 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 period in the previous year, the business earned ($0.10) earnings per share. Analysts expect that Inuvo, Inc. will post -0.02 EPS for the current year.
Institutional Trading of Inuvo
Institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew its stake in 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 acquiring an additional 134,497 shares in the last quarter. Renaissance Technologies LLC grew its stake 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 in the last quarter. Finally, Belpointe Asset Management LLC purchased a new stake in Inuvo during the 1st quarter valued at about $25,000. Hedge funds and other institutional investors own 29.36% of the company's stock.
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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