Inuvo (NYSE:INUV) Shares Down 0.9% – Time to Sell?

Shares of Inuvo, Inc. (NYSE:INUV) dropped 0.9% on Tuesday . The company traded as low as $3.45 and last traded at $3.49. Approximately 69,776 shares traded hands during trading, a decline of 43% from the average daily volume of 121,927 shares. The stock had previously closed at $3.52.

Analyst Upgrades and Downgrades

INUV has been the subject of a number of recent analyst reports. Maxim Group set a $12.00 price target on Inuvo and gave the company a “buy” rating in a report on Monday, August 11th. Wall Street Zen started coverage on Inuvo in a research note on Tuesday, May 20th. They set a “hold” rating on the stock. Finally, HC Wainwright upped their price target on Inuvo from $2.00 to $15.00 and gave the company a “buy” rating in a research note on Monday, June 30th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $13.50.

Inuvo Trading Down 0.9%

The stock has a 50 day moving average price of $4.46 and a two-hundred day moving average price of $4.12. The company has a market cap of $50.94 million, a price-to-earnings ratio of -58.17 and a beta of 0.95.

Institutional Trading of Inuvo

A hedge fund recently bought a new stake in Inuvo stock. Belpointe Asset Management LLC acquired a new stake in Inuvo, Inc. (NYSE:INUV) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 70,000 shares of the company’s stock, valued at approximately $25,000. 29.36% of the stock is currently owned by hedge funds and other institutional investors.

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.