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

StockNews.com began coverage on shares of Inuvo (NYSE:INUV - Free Report) in a report published on Monday morning. The firm issued a hold rating on the stock.

Separately, HC Wainwright began coverage on shares of Inuvo in a report on Tuesday, March 11th. They issued a "buy" rating and a $2.00 target price on the stock.

Inuvo Stock Up 3.5%

NYSE:INUV traded up $0.01 during trading hours on Monday, reaching $0.44. The company had a trading volume of 1,350,507 shares, compared to its average volume of 835,085. Inuvo has a twelve month low of $0.19 and a twelve month high of $0.79. The firm has a market cap of $62.50 million, a price-to-earnings ratio of -7.25 and a beta of 0.98. The business's 50-day simple moving average is $0.38 and its two-hundred day simple moving average is $0.39.

Inuvo (NYSE:INUV - Get Free Report) last announced its quarterly 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 return on equity of 57.24% and a negative net margin of 10.59%. During the same period last year, the company earned ($0.01) EPS. As a group, equities analysts predict that Inuvo will post -0.02 earnings per share for the current year.

Institutional Trading of Inuvo

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Perkins Capital Management Inc. boosted its position in Inuvo by 3.7% during the fourth quarter. Perkins Capital Management Inc. now owns 7,083,452 shares of the company's stock valued at $4,579,000 after buying an additional 255,590 shares during the period. Geode Capital Management LLC lifted its stake in shares of Inuvo by 12.6% in the 4th quarter. Geode Capital Management LLC now owns 1,203,887 shares of the company's stock valued at $778,000 after acquiring an additional 134,497 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Inuvo by 9.3% during the 4th quarter. Renaissance Technologies LLC now owns 507,149 shares of the company's stock valued at $328,000 after acquiring an additional 43,349 shares during the period. Hedge funds and other institutional investors own 29.36% of the company's stock.

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.