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

StockNews.com initiated coverage on shares of Inuvo (NYSE:INUV - Free Report) in a report released on Friday. The brokerage issued a hold rating on the stock.

Separately, HC Wainwright started coverage on shares of Inuvo in a report on Tuesday, March 11th. They set a "buy" rating and a $2.00 price objective for the company.

Inuvo Trading Up 1.8 %

INUV stock traded up $0.01 during mid-day trading on Friday, hitting $0.39. 24,560 shares of the company were exchanged, compared to its average volume of 793,391. The company has a market capitalization of $55.40 million, a PE ratio of -6.47 and a beta of 0.91. Inuvo has a twelve month low of $0.19 and a twelve month high of $0.79. The firm has a fifty day simple moving average of $0.39 and a 200 day simple moving average of $0.38.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Perkins Capital Management Inc. lifted its position in shares of Inuvo by 3.7% in the 4th quarter. Perkins Capital Management Inc. now owns 7,083,452 shares of the company's stock worth $4,579,000 after buying an additional 255,590 shares during the last quarter. Geode Capital Management LLC lifted its position 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 purchasing an additional 134,497 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position 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 last quarter. 29.36% of the stock is currently owned by institutional investors.

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.