StockNews.com Begins Coverage on Inuvo (NYSE:INUV)

StockNews.com began coverage on shares of Inuvo (NYSE:INUV) in a note issued to investors on Saturday. The firm set a “hold” rating on the stock.

Separately, HC Wainwright began coverage on shares of Inuvo in a research note on Tuesday, March 11th. They set a “buy” rating and a $2.00 price target for the company.

Inuvo Stock Up 2.7 %

NYSE INUV opened at $0.40 on Friday. Inuvo has a 52 week low of $0.19 and a 52 week high of $0.79. The firm has a market capitalization of $57.32 million, a price-to-earnings ratio of -6.69 and a beta of 0.91. The company has a fifty day moving average of $0.39 and a two-hundred day moving average of $0.38.

Institutional Investors Weigh In On Inuvo

A number of institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC increased its stake in Inuvo by 7.4% in the third 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 period. Perkins Capital Management Inc. grew its holdings in shares of Inuvo by 3.7% in the fourth quarter. Perkins Capital Management Inc. now owns 7,083,452 shares of the company’s stock worth $4,579,000 after purchasing an additional 255,590 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Inuvo by 9.3% in the 4th quarter. Renaissance Technologies LLC now owns 507,149 shares of the company’s stock worth $328,000 after buying an additional 43,349 shares during the period. 29.36% of the stock is owned by institutional investors.

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.