Equities researchers at StockNews.com assumed coverage on shares of Inuvo (NYSE:INUV – Get Free Report) in a report issued on Sunday. The firm set a “hold” rating on the stock.
Inuvo Stock Down 0.1 %
NYSE:INUV opened at $0.38 on Friday. Inuvo has a 52 week low of $0.19 and a 52 week high of $0.79. The stock’s 50-day moving average price is $0.49 and its 200-day moving average price is $0.35. The stock has a market capitalization of $54.26 million, a PE ratio of -6.33 and a beta of 0.86.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the business. Geode Capital Management LLC grew 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 acquiring an additional 73,682 shares during the period. Bard Associates Inc. grew 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 valued at $1,044,000 after purchasing an additional 279,100 shares during the period. Renaissance Technologies LLC grew 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 valued at $328,000 after purchasing an additional 43,349 shares during the period. Finally, Perkins Capital Management Inc. increased its stake in shares of Inuvo by 3.7% during 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. 29.36% of the stock is owned by institutional investors and hedge funds.
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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