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

StockNews.com started coverage on shares of Inuvo (NYSE:INUV) in a report issued on Monday. The firm issued a hold rating on the stock.

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

Inuvo Price Performance

Shares of NYSE:INUV opened at $0.43 on Monday. Inuvo has a one year low of $0.19 and a one year high of $0.79. The company has a market cap of $61.87 million, a price-to-earnings ratio of -7.22 and a beta of 0.86. The firm has a 50 day simple moving average of $0.45 and a 200 day simple moving average of $0.36.

Institutional Investors Weigh In On Inuvo

A number of institutional investors have recently added to or reduced their stakes in INUV. Geode Capital Management LLC raised its stake in shares of 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 acquiring an additional 73,682 shares during the last quarter. Renaissance Technologies LLC increased 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 purchasing an additional 43,349 shares during the period. Finally, Perkins Capital Management Inc. raised its position in 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 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.