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 started coverage on shares of Inuvo in a report on Tuesday, March 11th. They issued a "buy" rating and a $2.00 price objective for the company.
Check Out Our Latest Report on INUV
Inuvo Price Performance
Shares of INUV stock traded up $0.00 on Monday, hitting $0.43. The stock had a trading volume of 166,708 shares, compared to its average volume of 785,263. The company's 50 day moving average price is $0.45 and its 200-day moving average price is $0.36. Inuvo has a 1 year low of $0.19 and a 1 year high of $0.79. The firm has a market capitalization of $61.69 million, a P/E ratio of -7.22 and a beta of 0.86.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted 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 worth $264,000 after purchasing an additional 73,682 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Inuvo by 9.3% during the 4th quarter. Renaissance Technologies LLC now owns 507,149 shares of the company's stock worth $328,000 after buying an additional 43,349 shares during the last quarter. Finally, Perkins Capital Management Inc. boosted 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 worth $4,579,000 after acquiring 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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