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

StockNews.com assumed coverage on shares of Inuvo (NYSE:INUV) in a research report report published on Tuesday morning. The brokerage issued a hold rating on the stock.

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

Inuvo Stock Performance

Inuvo stock opened at $0.42 on Tuesday. The stock has a fifty day moving average of $0.44 and a 200-day moving average of $0.36. The stock has a market capitalization of $60.60 million, a P/E ratio of -7.07 and a beta of 0.86. Inuvo has a 52 week low of $0.19 and a 52 week high of $0.79.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Perkins Capital Management Inc. increased its stake 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 valued at $4,579,000 after buying an additional 255,590 shares during the period. Geode Capital Management LLC grew its holdings in Inuvo by 12.6% during the 4th quarter. Geode Capital Management LLC now owns 1,203,887 shares of the company’s stock worth $778,000 after acquiring an additional 134,497 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position 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 acquiring an additional 43,349 shares during the period. 29.36% of the stock is currently 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.