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

Analysts at StockNews.com assumed coverage on shares of Inuvo (NYSE:INUV) in a note issued to investors on Tuesday. 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 issued a “buy” rating and a $2.00 price target for the company.

Inuvo Stock Performance

Shares of INUV opened at $0.42 on Tuesday. The firm has a market capitalization of $60.16 million, a price-to-earnings ratio of -7.02 and a beta of 0.86. The stock’s fifty day moving average is $0.45 and its 200-day moving average is $0.36. Inuvo has a one year low of $0.19 and a one year high of $0.79.

Institutional Investors Weigh In On Inuvo

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted 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 valued at $264,000 after purchasing an additional 73,682 shares during the last quarter. Perkins Capital Management Inc. increased 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 buying an additional 255,590 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Inuvo by 9.3% during the 4th 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. 29.36% of the stock is currently 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.