StockNews.com started coverage on shares of Inuvo (NYSE:INUV - Free Report) in a research note issued to investors on Monday morning. The firm issued a hold rating on the stock.
Separately, HC Wainwright assumed coverage on shares of Inuvo in a research note on Tuesday, March 11th. They issued a "buy" rating and a $2.00 target price on the stock.
Read Our Latest Report on INUV
Inuvo Stock Performance
NYSE INUV traded up $0.00 on Monday, hitting $0.44. The stock had a trading volume of 29,584 shares, compared to its average volume of 1,467,255. Inuvo has a 52-week low of $0.19 and a 52-week high of $0.79. The company has a market capitalization of $62.97 million, a price-to-earnings ratio of -7.35 and a beta of 0.86. The firm has a 50-day moving average of $0.45 and a 200-day moving average of $0.36.
Institutional Trading of Inuvo
Institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC raised its position in shares of Inuvo by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,069,390 shares of the company's stock valued at $264,000 after buying an additional 73,682 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of 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 buying an additional 43,349 shares in the last quarter. Finally, Perkins Capital Management Inc. raised its position in shares of Inuvo by 3.7% during the 4th quarter. Perkins Capital Management Inc. now owns 7,083,452 shares of the company's stock valued at $4,579,000 after buying an additional 255,590 shares in the last quarter. Hedge funds and other institutional investors 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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