Renaissance Technologies LLC cut its stake in shares of Inuvo, Inc. (NYSE:INUV – Free Report) by 19.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 600,995 shares of the company’s stock after selling 140,662 shares during the quarter. Renaissance Technologies LLC owned about 0.43% of Inuvo worth $154,000 at the end of the most recent quarter.
Separately, Vanguard Group Inc. raised its holdings in Inuvo by 0.8% during the first quarter. Vanguard Group Inc. now owns 5,495,657 shares of the company’s stock worth $1,874,000 after purchasing an additional 46,290 shares during the last quarter. 29.36% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, StockNews.com began coverage on Inuvo in a report on Monday, October 7th. They issued a “hold” rating on the stock.
Inuvo Price Performance
Shares of NYSE INUV opened at $0.26 on Monday. The firm’s 50-day moving average is $0.27 and its two-hundred day moving average is $0.29. The company has a market capitalization of $36.50 million, a PE ratio of -4.33 and a beta of 1.14. Inuvo, Inc. has a 12-month low of $0.12 and a 12-month high of $0.57.
Inuvo (NYSE:INUV – Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. Inuvo had a negative return on equity of 46.09% and a negative net margin of 9.21%. The firm had revenue of $18.21 million for the quarter. On average, analysts forecast that Inuvo, Inc. will post -0.01 EPS for the current fiscal year.
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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