Inuvo (NYSE:INUV) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Inuvo (NYSE:INUV) in a research note issued to investors on Monday. The brokerage issued 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 objective on the stock.

Inuvo Trading Up 3.5%

Inuvo stock opened at $0.44 on Monday. The stock has a market cap of $62.50 million, a price-to-earnings ratio of -7.25 and a beta of 0.98. The company’s 50-day moving average price is $0.39 and its two-hundred day moving average price is $0.39. Inuvo has a 52 week low of $0.19 and a 52 week high of $0.79.

Inuvo (NYSE:INUV) last released its earnings results on Friday, May 9th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). Inuvo had a negative net margin of 10.59% and a negative return on equity of 57.24%. During the same quarter in the previous year, the business posted ($0.01) EPS. Research analysts expect that Inuvo will post -0.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Inuvo

Several hedge funds have recently made changes to their positions in INUV. Geode Capital Management LLC grew its stake in shares of Inuvo by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,069,390 shares of the company’s stock worth $264,000 after purchasing an additional 73,682 shares during the last quarter. Perkins Capital Management Inc. boosted 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 worth $4,579,000 after buying an additional 255,590 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings 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 buying an additional 43,349 shares during the period. Institutional investors and hedge funds own 29.36% of the company’s stock.

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.