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

Stock analysts at StockNews.com assumed coverage on shares of Inuvo (NYSE:INUV) in a note issued to investors on Monday. The brokerage set a “hold” rating on the stock.

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

Inuvo Stock Up 3.6 %

Shares of INUV stock opened at $0.38 on Monday. Inuvo has a 12 month low of $0.19 and a 12 month high of $0.79. The company has a market cap of $54.26 million, a PE ratio of -6.33 and a beta of 0.86. The business’s 50 day moving average is $0.46 and its two-hundred day moving average is $0.35.

Institutional Trading of Inuvo

Large investors have recently bought and sold shares of the business. Perkins Capital Management Inc. raised 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 valued at $4,579,000 after purchasing an additional 255,590 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Inuvo by 12.6% during the 4th quarter. Geode Capital Management LLC now owns 1,203,887 shares of the company’s stock valued at $778,000 after purchasing an additional 134,497 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Inuvo by 9.3% during 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.

About Inuvo

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.