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

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

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

Inuvo Trading Down 4.3 %

INUV stock opened at $0.32 on Wednesday. The stock has a 50-day moving average price of $0.42 and a two-hundred day moving average price of $0.37. Inuvo has a 1 year low of $0.19 and a 1 year high of $0.79. The stock has a market cap of $45.39 million, a PE ratio of -5.30 and a beta of 0.86.

Institutional Trading of Inuvo

A number of institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC grew its position in Inuvo by 7.4% in 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. Renaissance Technologies LLC boosted its stake 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 last quarter. Finally, Perkins Capital Management Inc. grew its holdings in shares of Inuvo by 3.7% in the 4th quarter. Perkins Capital Management Inc. now owns 7,083,452 shares of the company’s stock valued at $4,579,000 after acquiring an additional 255,590 shares in the last quarter. Institutional investors 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.