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

Research analysts at StockNews.com assumed coverage on shares of Inuvo (NYSE:INUV) in a research note issued to investors on Wednesday. The firm set 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 target on the stock.

Inuvo Trading Up 2.8 %

Shares of NYSE INUV opened at $0.37 on Wednesday. The stock has a market capitalization of $52.12 million, a PE ratio of -6.08 and a beta of 0.86. Inuvo has a twelve month low of $0.19 and a twelve month high of $0.79. The stock has a fifty day simple moving average of $0.43 and a 200-day simple moving average of $0.37.

Institutional Trading of Inuvo

Several hedge funds have recently added to or reduced their stakes in INUV. Perkins Capital Management Inc. grew its holdings 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 in the last quarter. Geode Capital Management LLC lifted its position in shares of Inuvo by 12.6% during the 4th quarter. Geode Capital Management LLC now owns 1,203,887 shares of the company’s stock worth $778,000 after purchasing an additional 134,497 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 29.36% of the company’s stock.

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.