StockNews.com started coverage on shares of Inuvo (NYSE:INUV - Get Free Report) in a research report issued on Saturday. The firm set a "hold" rating on the stock.
Separately, HC Wainwright started coverage on Inuvo in a research report on Tuesday, March 11th. They set a "buy" rating and a $2.00 price objective for the company.
Read Our Latest Stock Analysis on Inuvo
Inuvo Trading Up 2.4 %
Shares of NYSE INUV traded up $0.01 during midday trading on Friday, reaching $0.39. The company's stock had a trading volume of 142,394 shares, compared to its average volume of 800,233. Inuvo has a one year low of $0.19 and a one year high of $0.79. The company has a market cap of $56.66 million, a price-to-earnings ratio of -6.58 and a beta of 0.91. The company has a 50 day moving average price of $0.38 and a 200 day moving average price of $0.38.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Perkins Capital Management Inc. boosted its stake in Inuvo by 3.7% in the 4th 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. Geode Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 134,497 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Inuvo by 9.3% in the fourth quarter. Renaissance Technologies LLC now owns 507,149 shares of the company's stock worth $328,000 after buying an additional 43,349 shares during the period. 29.36% of the stock is owned by hedge funds and other institutional investors.
About Inuvo
(
Get Free Report)
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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