Inuvo (NYSE:INUV) Earns Hold Rating from Analysts at StockNews.com

Equities researchers at StockNews.com started coverage on shares of Inuvo (NYSE:INUV) in a report issued on Monday. The firm set a “hold” rating on the stock.

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

Inuvo Stock Down 2.7 %

Inuvo stock opened at $0.44 on Monday. The company has a fifty day simple moving average of $0.45 and a 200-day simple moving average of $0.36. The firm has a market capitalization of $62.53 million, a price-to-earnings ratio of -7.30 and a beta of 0.86. Inuvo has a 52-week low of $0.19 and a 52-week high of $0.79.

Institutional Trading of Inuvo

Several large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its holdings in shares of Inuvo by 7.4% during the 3rd 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 during the period. Perkins Capital Management Inc. raised its stake 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 purchasing an additional 255,590 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Inuvo by 9.3% during the fourth quarter. Renaissance Technologies LLC now owns 507,149 shares of the company’s stock worth $328,000 after purchasing an additional 43,349 shares during the period. 29.36% of the stock is currently owned by hedge funds and other institutional investors.

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.