StockNews.com started coverage on shares of Inuvo (NYSE:INUV – Free Report) in a report released on Sunday. The brokerage issued a hold rating on the stock.
Inuvo Stock Down 0.1 %
Shares of INUV stock opened at $0.38 on Friday. The company’s fifty day simple moving average is $0.49 and its 200-day simple moving average is $0.35. The firm has a market cap of $54.26 million, a PE ratio of -6.33 and a beta of 0.86. Inuvo has a 12 month low of $0.19 and a 12 month high of $0.79.
Institutional Trading of Inuvo
A number of institutional investors have recently made changes to their positions in INUV. Geode Capital Management LLC lifted its position in shares of Inuvo by 7.4% in the third 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 in the last quarter. Renaissance Technologies LLC lifted its position in shares of Inuvo by 9.3% in the fourth quarter. Renaissance Technologies LLC now owns 507,149 shares of the company’s stock worth $328,000 after purchasing an additional 43,349 shares in the last quarter. Bard Associates Inc. lifted its position in shares of Inuvo by 7.1% in the third quarter. Bard Associates Inc. now owns 4,234,177 shares of the company’s stock worth $1,044,000 after purchasing an additional 279,100 shares in the last quarter. Finally, Perkins Capital Management Inc. lifted 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 worth $4,579,000 after purchasing an additional 255,590 shares in the last quarter. Institutional investors own 29.36% of the company’s stock.
Inuvo Company Profile
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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