Inuvo (NYSEAMERICAN:INUV) Trading 4.3% Higher – Still a Buy?

Inuvo, Inc (NYSEAMERICAN:INUV)’s share price shot up 4.3% during trading on Thursday . The company traded as high as $1.46 and last traded at $1.44. 91,287 shares traded hands during trading, a decline of 57% from the average session volume of 211,451 shares. The stock had previously closed at $1.38.

Analysts Set New Price Targets

A number of brokerages recently commented on INUV. HC Wainwright reiterated a “buy” rating and set a $6.00 price target on shares of Inuvo in a report on Monday, March 9th. Freedom Capital cut Inuvo from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $9.00.

Inuvo Trading Up 4.3%

The company has a market cap of $21.34 million, a PE ratio of -11.08 and a beta of 1.17. The firm has a 50 day moving average of $1.77 and a two-hundred day moving average of $2.26.

Inuvo (NYSEAMERICAN:INUV) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.13 earnings per share for the quarter. The company had revenue of $7.93 million for the quarter. Inuvo had a negative return on equity of 17.37% and a negative net margin of 2.88%. On average, research analysts forecast that Inuvo, Inc will post -0.37 EPS for the current year.

Institutional Trading of Inuvo

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Citadel Advisors LLC grew its stake in shares of Inuvo by 533.1% in the 3rd quarter. Citadel Advisors LLC now owns 89,432 shares of the company’s stock worth $314,000 after buying an additional 75,307 shares during the last quarter. Jane Street Group LLC lifted its position in Inuvo by 152.3% in the 4th quarter. Jane Street Group LLC now owns 42,562 shares of the company’s stock valued at $106,000 after acquiring an additional 25,693 shares in the last quarter. Susquehanna International Group LLP bought a new position in Inuvo in the 3rd quarter valued at approximately $101,000. Dimensional Fund Advisors LP bought a new position in Inuvo in the 4th quarter valued at approximately $51,000. Finally, GSA Capital Partners LLP bought a new position in Inuvo in the 3rd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 29.36% of the company’s stock.

About Inuvo

Inuvo, Inc (NYSE: INUV) is a marketing technology company specializing in artificial intelligence–driven digital advertising solutions. The company’s platforms leverage machine learning and proprietary algorithms to analyze consumer intent and deliver targeted advertising across desktop, mobile and connected TV channels. Inuvo’s core technology is designed to help advertisers optimize campaign performance and improve return on ad spend by focusing on contextual relevance rather than relying solely on cookie-based tracking.

Through its Pulpo Media division, Inuvo offers programmatic advertising services that reach both English- and Spanish-speaking audiences in the United States and select Latin American markets.