Inuvo Upgraded to Outperform at Zacks (INUV)
Inuvo (NASDAQ:INUV) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Monday. The firm currently has a $1.00 price objective on the stock. Zacks‘s price objective indicates a potential upside of 18.81% from the company’s current price.
Inuvo (NASDAQ:INUV) traded up 5.74% during mid-day trading on Monday, hitting $0.89. 92,311 shares of the company’s stock traded hands. Inuvo has a 52 week low of $0.63 and a 52 week high of $1.94. The stock has a 50-day moving average of $0.91 and a 200-day moving average of $0.94. The company has a market cap of $20.9 million and a P/E ratio of 13.58.
Inuvo (NASDAQ:INUV) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.02 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.01) by $0.03. Analysts expect that Inuvo will post $0.08 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Lake Street Capital initiated coverage on shares of Inuvo in a research note on Tuesday, June 24th. They set a “buy” rating and a $2.00 price target on the stock. Separately, analysts at TheStreet upgraded shares of Inuvo from a “sell” rating to a “hold” rating in a research note on Friday, May 30th. Finally, analysts at Taglich Brothers initiated coverage on shares of Inuvo in a research note on Wednesday, May 28th. They set a “speculative buy” rating and a $1.45 price target on the stock. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $1.48.
Inuvo, Inc develops software and analytics technology that is accessible over the Internet for use by online advertisers and Website publishers.
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