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

StockNews.com began coverage on shares of Inuvo (NYSE:INUV - Free Report) in a research note published on Monday morning. 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 issued a "buy" rating and a $2.00 target price on the stock.

Inuvo Stock Performance

Shares of INUV traded down $0.02 during midday trading on Monday, hitting $0.43. 446,994 shares of the stock traded hands, compared to its average volume of 1,492,987. Inuvo has a 1-year low of $0.19 and a 1-year high of $0.79. The business's 50 day moving average price is $0.45 and its two-hundred day moving average price is $0.35. The firm has a market capitalization of $61.54 million, a PE ratio of -7.18 and a beta of 0.86.

Institutional Investors Weigh In On Inuvo

Several hedge funds have recently modified their holdings of INUV. Geode Capital Management LLC increased 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 acquiring an additional 73,682 shares in the last quarter. Renaissance Technologies LLC raised its position in Inuvo by 9.3% during the fourth quarter. Renaissance Technologies LLC now owns 507,149 shares of the company's stock valued at $328,000 after buying an additional 43,349 shares during the period. Finally, Perkins Capital Management Inc. boosted its position in Inuvo by 3.7% during the 4th 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 owned by hedge funds and other institutional investors.

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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.