StockNews.com Begins Coverage on Inuvo (NYSE:INUV)

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

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

Inuvo Stock Performance

Shares of NYSE INUV opened at $0.45 on Monday. The stock has a market cap of $64.26 million, a P/E ratio of -7.50 and a beta of 0.86. The firm has a 50 day moving average price of $0.45 and a 200 day moving average price of $0.35. Inuvo has a 52-week low of $0.19 and a 52-week high of $0.79.

Institutional Trading of Inuvo

A number of institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC lifted its position 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 purchasing an additional 43,349 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Inuvo by 7.4% in the third 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 in the last quarter. Finally, Perkins Capital Management Inc. lifted its position 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 purchasing 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.