StockNews.com started coverage on shares of Inuvo (NYSE:INUV – Free Report) in a research report report published on Sunday morning. The brokerage issued a hold rating on the stock.
Inuvo Price Performance
INUV opened at $0.36 on Friday. The firm has a market capitalization of $51.73 million, a price-to-earnings ratio of -6.04 and a beta of 0.86. The company’s 50 day simple moving average is $0.48 and its two-hundred day simple moving average is $0.35. Inuvo has a 1-year low of $0.19 and a 1-year high of $0.79.
Institutional Trading of Inuvo
Several institutional investors have recently made changes to their positions in INUV. Bard Associates Inc. raised its position 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 valued at $1,044,000 after buying an additional 279,100 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 buying an additional 255,590 shares during the period. Geode Capital Management LLC raised its position in shares of Inuvo by 12.6% during the 4th quarter. Geode Capital Management LLC now owns 1,203,887 shares of the company’s stock valued at $778,000 after buying an additional 134,497 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 buying an additional 43,349 shares during the period. Hedge funds and other institutional investors own 29.36% of the company’s stock.
About Inuvo
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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