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

Equities research analysts at StockNews.com began coverage on shares of Inuvo (NYSE:INUV) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the stock.

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

Inuvo Price Performance

Shares of INUV stock opened at $0.44 on Monday. Inuvo has a 1 year low of $0.19 and a 1 year high of $0.79. The firm has a market capitalization of $62.53 million, a price-to-earnings ratio of -7.30 and a beta of 0.86. The business has a fifty day moving average of $0.45 and a 200 day 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 the stock. Geode Capital Management LLC lifted its holdings 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 in the last quarter. Perkins Capital Management Inc. raised its position 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 last quarter. Finally, Renaissance Technologies LLC lifted its stake in Inuvo by 9.3% in the 4th quarter. Renaissance Technologies LLC now owns 507,149 shares of the company’s stock valued at $328,000 after buying an additional 43,349 shares in the last quarter. Institutional investors and hedge funds own 29.36% of the company’s stock.

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.