Inuvo's (INUV) "Buy" Rating Reaffirmed at HC Wainwright

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

Separately, StockNews.com started coverage on shares of Inuvo in a research report on Monday, May 12th. They set a "hold" rating on the stock.

Inuvo Trading Up 4.7%

NYSE INUV traded up $0.02 during trading hours on Tuesday, hitting $0.46. The company's stock had a trading volume of 1,579,164 shares, compared to its average volume of 846,014. Inuvo has a 52 week low of $0.19 and a 52 week high of $0.79. The company has a market capitalization of $66.49 million, a PE ratio of -7.68 and a beta of 0.98. The company's 50-day simple moving average is $0.39 and its two-hundred day simple moving average is $0.40.

Inuvo (NYSE:INUV - Get Free Report) last posted its earnings results on Friday, May 9th. The company reported ($0.01) 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 in the previous year, the company posted ($0.01) EPS. Research analysts anticipate that Inuvo will post -0.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Inuvo

Several hedge funds have recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in Inuvo by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,069,390 shares of the company's stock valued at $264,000 after purchasing an additional 73,682 shares during the period. Renaissance Technologies LLC boosted its holdings 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 purchasing an additional 43,349 shares during the period. Finally, Perkins Capital Management Inc. boosted its holdings 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 purchasing an additional 255,590 shares during the period. 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.