Inuvo (NYSE:INUV) Coverage Initiated by Analysts at StockNews.com

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

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

Inuvo Trading Up 0.7 %

Inuvo stock opened at $0.42 on Tuesday. The company has a market capitalization of $60.60 million, a price-to-earnings ratio of -7.07 and a beta of 0.86. Inuvo has a 12 month low of $0.19 and a 12 month high of $0.79. The stock’s 50 day moving average is $0.44 and its 200-day moving average is $0.36.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC increased its position in shares of Inuvo by 9.3% in 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. Geode Capital Management LLC grew its stake in Inuvo by 7.4% during the third quarter. Geode Capital Management LLC now owns 1,069,390 shares of the company’s stock worth $264,000 after buying an additional 73,682 shares in the last quarter. Finally, Perkins Capital Management Inc. grew its stake 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 buying an additional 255,590 shares in the last quarter. 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.