Investment analysts at StockNews.com started coverage on shares of Inuvo (NYSE:INUV - Get Free Report) in a research report issued to clients and investors on Saturday. The brokerage set a "hold" rating on the stock.
Separately, Maxim Group upgraded shares of Inuvo to a "strong-buy" rating in a report on Friday, November 8th.
Get Our Latest Report on INUV
Inuvo Trading Down 1.5 %
INUV stock traded down $0.01 on Friday, hitting $0.37. The company had a trading volume of 691,602 shares, compared to its average volume of 1,675,829. Inuvo has a 12-month low of $0.19 and a 12-month high of $0.79. The stock's 50-day simple moving average is $0.49 and its 200 day simple moving average is $0.35. The stock has a market cap of $51.30 million, a price-to-earnings ratio of -6.09 and a beta of 0.91.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of INUV. Bard Associates Inc. boosted its stake in shares of Inuvo by 7.1% during the 3rd quarter. Bard Associates Inc. now owns 4,234,177 shares of the company's stock worth $1,044,000 after acquiring an additional 279,100 shares during the last quarter. 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 purchasing an additional 73,682 shares during the period. 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 purchasing an additional 255,590 shares during the period. Finally, 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 purchasing an additional 43,349 shares during the period. Hedge funds and other institutional investors own 29.36% of the company's stock.
Inuvo Company Profile
(
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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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