Geode Capital Management LLC Buys 134,497 Shares of Inuvo, Inc. (NYSE:INUV)

Geode Capital Management LLC lifted its position in Inuvo, Inc. (NYSE:INUV) by 12.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,203,887 shares of the company’s stock after buying an additional 134,497 shares during the period. Geode Capital Management LLC owned about 0.86% of Inuvo worth $778,000 as of its most recent SEC filing.

Separately, Perkins Capital Management Inc. grew its position in Inuvo by 3.7% in the 4th 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 period. Hedge funds and other institutional investors own 29.36% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on INUV shares. StockNews.com assumed coverage on shares of Inuvo in a report on Saturday, April 26th. They set a “hold” rating for the company. HC Wainwright initiated coverage on shares of Inuvo in a report on Tuesday, March 11th. They set a “buy” rating and a $2.00 price objective for the company.

Inuvo Stock Performance

NYSE:INUV opened at $0.39 on Friday. The firm has a market capitalization of $56.66 million, a PE ratio of -6.58 and a beta of 0.91. The stock’s fifty day moving average is $0.38 and its 200 day moving average is $0.38. Inuvo, Inc. has a fifty-two week low of $0.19 and a fifty-two week high of $0.79.

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.