Inuvo (NYSE:INUV) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Inuvo (NYSE:INUV) in a report issued on Monday. The firm issued a hold rating on the stock.

Separately, HC Wainwright initiated coverage on Inuvo in a report on Tuesday, March 11th. They issued a “buy” rating and a $2.00 price target for the company.

Inuvo Trading Down 1.1 %

Shares of INUV opened at $0.43 on Monday. Inuvo has a 1 year low of $0.19 and a 1 year high of $0.79. The stock has a market cap of $61.87 million, a P/E ratio of -7.22 and a beta of 0.86. The stock’s 50-day moving average price is $0.45 and its two-hundred day moving average price is $0.36.

Institutional Investors Weigh In On Inuvo

Hedge funds and other institutional investors have recently modified their holdings of the company. Perkins Capital Management Inc. increased its position in 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 acquiring an additional 255,590 shares during the period. Geode Capital Management LLC grew its position in shares of Inuvo by 12.6% during the 4th quarter. Geode Capital Management LLC now owns 1,203,887 shares of the company’s stock worth $778,000 after purchasing an additional 134,497 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Inuvo by 9.3% during the fourth quarter. Renaissance Technologies LLC now owns 507,149 shares of the company’s stock worth $328,000 after purchasing an additional 43,349 shares during the period. Institutional investors and hedge funds own 29.36% of the company’s stock.

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.