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.
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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