Roth Capital Analysts Give Inuvo Inc (INUV) a $3.00 Price Target

Roth Capital set a $3.00 price target on Inuvo Inc (AMEX:INUV) in a research note issued to investors on Wednesday. The brokerage currently has a buy rating on the technology company’s stock.

Shares of Inuvo (AMEX:INUV) opened at 0.97 on Wednesday. The stock’s market cap is $27.69 million. Inuvo has a 52-week low of $0.96 and a 52-week high of $2.31. The company’s 50-day moving average is $1.04 and its 200-day moving average is $1.24.

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A hedge fund recently raised its stake in Inuvo stock. Tocqueville Asset Management L.P. boosted its position in Inuvo Inc (AMEX:INUV) by 1.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 about 7.58% of Inuvo worth $2,208,000 at the end of the most recent reporting period.

About Inuvo

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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