Perkins Capital Management Inc. Has $4.58 Million Holdings in Inuvo, Inc. (NYSE:INUV)

Perkins Capital Management Inc. grew its position in Inuvo, Inc. (NYSE:INUV) by 3.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,083,452 shares of the company’s stock after buying an additional 255,590 shares during the period. Inuvo makes up approximately 4.1% of Perkins Capital Management Inc.’s investment portfolio, making the stock its 4th largest position. Perkins Capital Management Inc. owned about 0.05% of Inuvo worth $4,579,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Geode Capital Management LLC grew its position in Inuvo by 7.4% in the 3rd 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 during the last quarter. Hedge funds and other institutional investors own 29.36% of the company’s stock.

Inuvo Price Performance

Inuvo stock opened at $0.44 on Monday. The firm has a 50 day simple moving average of $0.45 and a 200-day simple moving average of $0.36. The stock has a market capitalization of $62.29 million, a PE ratio of -7.27 and a beta of 0.86. Inuvo, Inc. has a 12-month low of $0.19 and a 12-month high of $0.79.

Analyst Ratings Changes

Several research analysts have commented on the stock. StockNews.com began coverage on shares of Inuvo in a research report on Monday, March 17th. They issued a “hold” rating for the company. HC Wainwright began coverage on shares of Inuvo in a report on Tuesday, March 11th. They issued a “buy” rating and a $2.00 price objective for the company.

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.