Equities researchers at StockNews.com initiated coverage on shares of Inuvo (NYSE:INUV - Get Free Report) in a research report issued to clients and investors on Tuesday. The brokerage set a "hold" rating on the stock.
Separately, HC Wainwright started coverage on shares of Inuvo in a research note on Tuesday, March 11th. They issued a "buy" rating and a $2.00 price target for the company.
View Our Latest Report on Inuvo
Inuvo Trading Up 0.7 %
Inuvo stock traded up $0.00 during midday trading on Tuesday, reaching $0.42. 597,098 shares of the stock traded hands, compared to its average volume of 789,292. The firm has a market cap of $60.60 million, a PE ratio of -7.07 and a beta of 0.86. The company has a 50-day simple moving average of $0.45 and a two-hundred day simple moving average of $0.36. Inuvo has a 12-month low of $0.19 and a 12-month high of $0.79.
Hedge Funds Weigh In On Inuvo
A number of hedge funds have recently modified their holdings of INUV. Geode Capital Management LLC boosted its stake in 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 period. Renaissance Technologies LLC grew its holdings in shares of Inuvo by 9.3% during the fourth 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. increased its position in Inuvo by 3.7% in the 4th 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 during the period. 29.36% of the stock is currently owned by hedge funds and other institutional investors.
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.
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