Roth Capital Reiterates “$3.00” Price Target for Inuvo Inc (AMEX:INUV)
Inuvo Inc (AMEX:INUV) received a $3.00 price target from Roth Capital in a report released on Wednesday. The firm currently has a “buy” rating on the technology company’s stock. Roth Capital’s price objective would indicate a potential upside of 191.26% from the stock’s current price.
Shares of Inuvo (INUV) opened at 1.03 on Wednesday. The firm has a 50-day moving average of $1.04 and a 200 day moving average of $1.24. The stock’s market capitalization is $29.40 million. Inuvo has a 1-year low of $0.96 and a 1-year high of $2.31.
A hedge fund recently raised its stake in Inuvo stock. Tocqueville Asset Management L.P. increased its position in Inuvo Inc (AMEX:INUV) by 1.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,164,560 shares of the technology company’s stock after buying an additional 30,790 shares during the period. Tocqueville Asset Management L.P. owned approximately 7.58% of Inuvo worth $2,208,000 at the end of the most recent quarter.
Inuvo, Inc (Inuvo) is an Internet advertising technology and digital publishing company. The Company operates through two segments: the Partner Network (advertising technology), and the Owned and Operated Network (digital publishing). Within the Partner Network segment, the Company recruits online publishers and provides them an advertising delivery service, the primary brands for which are ValidClick and SearchLinks.
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