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

Analysts at StockNews.com began coverage on shares of Inuvo (NYSE:INUV - Get Free Report) in a research report issued on Tuesday. The firm set a "hold" rating on the stock.

Separately, HC Wainwright assumed coverage on Inuvo in a report on Tuesday, March 11th. They issued a "buy" rating and a $2.00 price target for the company.

Inuvo Stock Down 4.5 %

Shares of INUV stock traded down $0.02 during mid-day trading on Tuesday, hitting $0.38. 330,245 shares of the company's stock were exchanged, compared to its average volume of 788,022. The stock has a market cap of $54.05 million, a price-to-earnings ratio of -6.31 and a beta of 0.86. The stock has a 50-day simple moving average of $0.44 and a two-hundred day simple moving average of $0.36. Inuvo has a fifty-two week low of $0.19 and a fifty-two week high of $0.79.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of 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 purchasing an additional 73,682 shares during the period. Renaissance Technologies LLC raised its holdings in Inuvo by 9.3% in 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. lifted its holdings in shares of Inuvo by 3.7% during the 4th quarter. Perkins Capital Management Inc. now owns 7,083,452 shares of the company's stock valued at $4,579,000 after acquiring an additional 255,590 shares in the last quarter. 29.36% of the stock is owned by hedge funds and other institutional investors.

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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.