Inuvo (NYSE:INUV) Given "Buy" Rating at HC Wainwright

Inuvo (NYSE:INUV - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at HC Wainwright in a research report issued on Tuesday,Benzinga reports. They currently have a $2.00 target price on the stock. HC Wainwright's price objective would indicate a potential upside of 333.93% from the stock's previous close.

Separately, StockNews.com started coverage on Inuvo in a research report on Monday. They issued a "hold" rating on the stock.

Inuvo Trading Up 4.7%

Shares of NYSE INUV traded up $0.02 during mid-day trading on Tuesday, reaching $0.46. 1,579,164 shares of the company's stock were exchanged, compared to its average volume of 843,504. The firm has a market capitalization of $66.49 million, a price-to-earnings ratio of -7.68 and a beta of 0.98. The business has a fifty day simple moving average of $0.39 and a 200 day simple moving average of $0.40. Inuvo has a twelve month low of $0.19 and a twelve month high of $0.79.

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

Institutional Investors Weigh In On Inuvo

Several institutional investors have recently bought and sold shares of the company. Perkins Capital Management Inc. lifted its stake in Inuvo by 3.7% in 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. Geode Capital Management LLC lifted its stake in 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 in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Inuvo by 9.3% in 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 in the last quarter. 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.