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

HC Wainwright restated their buy rating on shares of Inuvo (NYSE:INUV) in a report published on Tuesday,Benzinga reports. They currently have a $2.00 target price on the stock.

Separately, StockNews.com assumed coverage on shares of Inuvo in a research report on Monday. They issued a “hold” rating for the company.

Inuvo Trading Up 4.5%

INUV stock opened at $0.42 on Tuesday. Inuvo has a 12 month low of $0.19 and a 12 month high of $0.79. The company has a 50-day moving average price of $0.38 and a 200 day moving average price of $0.39. The stock 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, hitting analysts’ consensus estimates 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 firm posted ($0.01) earnings per share. Sell-side analysts forecast that Inuvo will post -0.02 EPS for the current year.

Institutional Investors Weigh In On Inuvo

Large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its position 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 buying an additional 73,682 shares during the period. Renaissance Technologies LLC lifted its position in shares of Inuvo by 9.3% in the 4th 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 period. Finally, 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 purchasing an additional 255,590 shares during the period. 29.36% of the stock is owned by hedge funds and other 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.