Inuvo (NYSE:INUV) Price Target Raised to $15.00 at HC Wainwright

Inuvo (NYSE:INUV - Get Free Report) had its price target boosted by research analysts at HC Wainwright from $2.00 to $15.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a "buy" rating on the stock. HC Wainwright's price objective points to a potential upside of 240.14% from the company's current price.

Separately, Wall Street Zen began coverage on Inuvo in a report on Tuesday, May 20th. They set a "hold" rating on the stock.

Inuvo Stock Performance

Shares of INUV stock opened at $4.41 on Monday. The company has a market capitalization of $63.61 million, a price-to-earnings ratio of -73.50 and a beta of 0.80. Inuvo has a one year low of $1.90 and a one year high of $7.90. The company's 50-day moving average is $3.98 and its 200 day moving average is $4.25.

Inuvo (NYSE:INUV - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The company reported ($0.10) earnings per share for the quarter, meeting the consensus estimate of ($0.10). Inuvo had a negative net margin of 10.59% and a negative return on equity of 57.24%. During the same quarter in the prior year, the company earned ($0.10) earnings per share. As a group, 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 and hedge funds have recently added to or reduced their stakes in the stock. Belpointe Asset Management LLC purchased a new position in shares of Inuvo in the 1st quarter worth $25,000. Renaissance Technologies LLC boosted its position in Inuvo by 9.3% in the fourth quarter. Renaissance Technologies LLC now owns 507,149 shares of the company's stock worth $328,000 after purchasing an additional 43,349 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Inuvo by 12.6% during 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 period. Finally, Perkins Capital Management Inc. increased its position in shares of Inuvo by 3.7% during 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 last quarter. 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.

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