Inuvo (NYSE:INUV) Coverage Initiated at Wall Street Zen

Equities researchers at Wall Street Zen started coverage on shares of Inuvo (NYSE:INUV - Get Free Report) in a research note issued on Tuesday. The firm set a "hold" rating on the stock.

Separately, HC Wainwright reiterated a "buy" rating and issued a $2.00 price objective on shares of Inuvo in a report on Tuesday, May 13th.

Inuvo Stock Down 1.4%

Shares of INUV stock traded down $0.01 during mid-day trading on Tuesday, hitting $0.43. 613,481 shares of the stock were exchanged, compared to its average volume of 863,083. The firm has a fifty day moving average of $0.40 and a 200 day moving average of $0.41. Inuvo has a 52-week low of $0.19 and a 52-week high of $0.79. The company has a market cap of $62.74 million, a PE ratio of -7.25 and a beta of 0.98.

Inuvo (NYSE:INUV - Get Free Report) last posted its earnings results on Friday, May 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). Inuvo had a negative net margin of 10.59% and a negative return on equity of 57.24%. During the same quarter last year, the company posted ($0.01) EPS. Equities analysts predict that Inuvo will post -0.02 EPS for the current year.

Hedge Funds Weigh In On Inuvo

Several institutional investors have recently modified their holdings of INUV. Belpointe Asset Management LLC purchased a new stake in Inuvo in the first quarter valued at $25,000. Renaissance Technologies LLC grew its position 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 buying an additional 43,349 shares during the period. Geode Capital Management LLC grew its position in Inuvo by 12.6% during the fourth quarter. Geode Capital Management LLC now owns 1,203,887 shares of the company's stock worth $778,000 after buying an additional 134,497 shares during the period. Finally, Perkins Capital Management Inc. lifted its holdings in shares of Inuvo by 3.7% in the fourth quarter. Perkins Capital Management Inc. now owns 7,083,452 shares of the company's stock valued at $4,579,000 after purchasing an additional 255,590 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.