Free Trial

StockNews.com Initiates Coverage on Inuvo (NYSE:INUV)

Inuvo logo with Computer and Technology background
Remove Ads

StockNews.com began coverage on shares of Inuvo (NYSE:INUV - Free Report) in a research note issued to investors on Monday. The brokerage issued a hold rating on the stock.

Separately, HC Wainwright began coverage on shares of Inuvo in a report on Tuesday, March 11th. They set a "buy" rating and a $2.00 price target on the stock.

Check Out Our Latest Stock Analysis on Inuvo

Inuvo Price Performance

NYSE:INUV traded up $0.07 during trading hours on Monday, reaching $0.45. The company had a trading volume of 3,254,203 shares, compared to its average volume of 775,173. Inuvo has a 1-year low of $0.19 and a 1-year high of $0.79. The business's 50 day moving average price is $0.46 and its 200-day moving average price is $0.35. The firm has a market cap of $64.26 million, a PE ratio of -7.50 and a beta of 0.86.

Hedge Funds Weigh In On Inuvo

Large investors have recently added to or reduced their stakes in the stock. Perkins Capital Management Inc. lifted its position in shares of Inuvo by 3.7% in the fourth quarter. Perkins Capital Management Inc. now owns 7,083,452 shares of the company's stock valued at $4,579,000 after acquiring an additional 255,590 shares in the last quarter. Geode Capital Management LLC raised its stake in Inuvo by 12.6% in the 4th 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 during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Inuvo by 9.3% in the 4th 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 in the last quarter. 29.36% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

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.

Featured Stories

Should You Invest $1,000 in Inuvo Right Now?

Before you consider Inuvo, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Inuvo wasn't on the list.

While Inuvo currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Ten Starter Stocks For Beginners to Buy Now Cover

Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.

Get This Free Report
Like this article? Share it with a colleague.
Remove Ads

Featured Articles and Offers

Pelosi Bets Big on AI: Her Top 5 Stock Picks

Pelosi Bets Big on AI: Her Top 5 Stock Picks

MarketBeat's Thomas Hughes breaks down Pelosi's stock picks, her strategy, and what these moves mean for the future of the AI industry.

Related Videos

Analysts Predict Big Gains for These 3 Cybersecurity Leaders

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines

Remove Ads