Equities research analysts at StockNews.com assumed coverage on shares of Inuvo (NYSE:INUV - Get Free Report) in a report issued on Wednesday. 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 set a "buy" rating and a $2.00 price target on the stock.
Read Our Latest Analysis on INUV
Inuvo Stock Down 4.3 %
Inuvo stock traded down $0.01 during mid-day trading on Wednesday, hitting $0.32. The company had a trading volume of 551,119 shares, compared to its average volume of 789,548. Inuvo has a 1 year low of $0.19 and a 1 year high of $0.79. The business has a fifty day moving average of $0.42 and a 200 day moving average of $0.37. The stock has a market cap of $45.39 million, a price-to-earnings ratio of -5.30 and a beta of 0.91.
Institutional Investors Weigh In On Inuvo
Several large investors have recently modified their holdings of INUV. Perkins Capital Management Inc. raised 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 purchasing an additional 255,590 shares during the last quarter. Geode Capital Management LLC increased its stake in Inuvo by 12.6% in the fourth 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 period. Finally, Renaissance Technologies LLC increased its stake in Inuvo by 9.3% in the fourth 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. 29.36% of the stock is owned by institutional investors and hedge funds.
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.
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