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

Research analysts at StockNews.com initiated coverage on shares of Inuvo (NYSE:INUV) in a report issued on Monday. The brokerage set a “hold” rating on the stock.

Separately, HC Wainwright assumed coverage on Inuvo in a research report on Tuesday, March 11th. They set a “buy” rating and a $2.00 price target for the company.

Inuvo Trading Up 4.5%

NYSE INUV opened at $0.42 on Monday. Inuvo has a 1-year low of $0.19 and a 1-year high of $0.79. The stock has a 50-day moving average of $0.38 and a 200-day moving average of $0.39. The firm has a market cap of $60.39 million, a PE ratio of -7.01 and a beta of 0.98.

Inuvo (NYSE:INUV) last released its quarterly earnings results on Friday, May 9th. The company reported ($0.01) EPS for the quarter, meeting 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 business posted ($0.01) earnings per share. As a group, equities research analysts forecast that Inuvo will post -0.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC raised its position 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 purchasing an additional 43,349 shares during the last quarter. Geode Capital Management LLC raised its position in Inuvo by 7.4% during 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 last quarter. Finally, Perkins Capital Management Inc. raised its position in 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. Institutional investors own 29.36% of the company’s stock.

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.