Research analysts at StockNews.com began coverage on shares of Inuvo (NYSE:INUV - Get Free Report) in a report released on Thursday. The firm set a "hold" rating on the stock.
Separately, HC Wainwright assumed coverage on shares of Inuvo in a research note on Tuesday, March 11th. They issued a "buy" rating and a $2.00 price target on the stock.
View Our Latest Stock Report on Inuvo
Inuvo Price Performance
NYSE INUV traded up $0.00 during trading hours on Thursday, reaching $0.38. The company's stock had a trading volume of 53,569 shares, compared to its average volume of 790,201. The firm has a market capitalization of $53.55 million, a price-to-earnings ratio of -6.25 and a beta of 0.91. The company's 50-day moving average is $0.40 and its two-hundred day moving average is $0.37. Inuvo has a 1-year low of $0.19 and a 1-year high of $0.79.
Hedge Funds Weigh In On Inuvo
Hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in Inuvo by 7.4% in 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 last quarter. 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 in the last quarter. Finally, Perkins Capital Management Inc. raised 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 buying an additional 255,590 shares during the last quarter. Hedge funds and other institutional investors own 29.36% of the company's stock.
Inuvo Company Profile
(
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.
Further Reading
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 Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
