StockNews.com began coverage on shares of Inuvo (NYSE:INUV - Free Report) in a research report released on Friday. The brokerage issued a hold rating on the stock.
Separately, Maxim Group upgraded shares of Inuvo to a "strong-buy" rating in a research report on Friday, November 8th.
Read Our Latest Stock Analysis on INUV
Inuvo Stock Performance
Shares of INUV stock traded down $0.02 during trading hours on Friday, reaching $0.43. The company had a trading volume of 450,843 shares, compared to its average volume of 1,872,628. The company has a market capitalization of $60.88 million, a P/E ratio of -7.22 and a beta of 0.91. Inuvo has a twelve month low of $0.19 and a twelve month high of $0.79. The stock's fifty day simple moving average is $0.49 and its 200 day simple moving average is $0.34.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its position in Inuvo by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,069,390 shares of the company's stock valued at $264,000 after purchasing an additional 73,682 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of 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 purchasing an additional 43,349 shares during the period. Bard Associates Inc. raised its holdings in shares of Inuvo by 7.1% during the third quarter. Bard Associates Inc. now owns 4,234,177 shares of the company's stock valued at $1,044,000 after buying an additional 279,100 shares during the last quarter. Finally, Perkins Capital Management Inc. boosted its position in shares of 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 buying an additional 255,590 shares during the period. 29.36% of the stock is currently owned by institutional investors.
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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