Inuvo (NYSE:INUV) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Inuvo (NYSE:INUV) in a research note published on Tuesday morning. The brokerage issued a hold rating on the stock.

Separately, HC Wainwright assumed coverage on Inuvo in a research report on Tuesday, March 11th. They set a “buy” rating and a $2.00 target price on the stock.

Inuvo Stock Performance

INUV stock opened at $0.40 on Tuesday. Inuvo has a one year low of $0.19 and a one year high of $0.79. The stock has a market capitalization of $56.62 million, a P/E ratio of -6.61 and a beta of 0.86. The company has a 50 day moving average price of $0.44 and a two-hundred day moving average price of $0.36.

Institutional Trading of Inuvo

Several institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its holdings in Inuvo by 9.3% in the fourth quarter. Renaissance Technologies LLC now owns 507,149 shares of the company’s stock valued at $328,000 after acquiring an additional 43,349 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Inuvo by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,069,390 shares of the company’s stock valued at $264,000 after purchasing an additional 73,682 shares in the last quarter. Finally, Perkins Capital Management Inc. grew its holdings in shares of Inuvo by 3.7% during 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. 29.36% of the stock is owned by hedge funds and other 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.