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

by · The Cerbat Gem

StockNews.com began coverage on shares of Inuvo (NYSE:INUV – Free Report) in a report released on Friday. The firm issued a hold rating on the stock.

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

Check Out Our Latest Stock Analysis on INUV

Inuvo Stock Performance

NYSE INUV opened at $0.39 on Friday. The business’s fifty day moving average is $0.40 and its 200 day moving average is $0.38. Inuvo has a fifty-two week low of $0.19 and a fifty-two week high of $0.79. The company has a market capitalization of $56.20 million, a PE ratio of -6.56 and a beta of 0.91.

Institutional Trading of Inuvo

Institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC increased its stake in 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 buying an additional 73,682 shares in the last quarter. Renaissance Technologies LLC boosted its stake 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 acquiring an additional 43,349 shares during the period. Finally, Perkins Capital Management Inc. boosted 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 worth $4,579,000 after acquiring an additional 255,590 shares during the period. 29.36% of the stock is currently owned by institutional investors.

About Inuvo

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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.

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