Inuvo (NYSE:INUV) Research Coverage Started at StockNews.com

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

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

Inuvo Stock Down 0.6 %

Shares of INUV stock opened at $0.40 on Tuesday. Inuvo has a 52-week low of $0.19 and a 52-week high of $0.79. The stock’s 50-day moving average price is $0.44 and its 200 day moving average price is $0.36. The stock has a market capitalization of $56.62 million, a PE ratio of -6.61 and a beta of 0.86.

Hedge Funds Weigh In On Inuvo

Institutional investors and hedge funds have recently made changes to their positions in the stock. Perkins Capital Management Inc. grew its position in Inuvo by 3.7% during 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. Geode Capital Management LLC grew its holdings in shares of Inuvo by 12.6% in 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 period. Finally, Renaissance Technologies LLC increased its stake 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 purchasing an additional 43,349 shares in the last quarter. 29.36% of the stock is owned by institutional investors and hedge funds.

About Inuvo

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.