Inuvo (NYSEAMERICAN:INUV) Stock Rating Upgraded by Zacks Research

Inuvo (NYSEAMERICAN:INUV) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

Several other equities analysts also recently commented on the stock. LADENBURG THALM/SH SH cut their price target on shares of Inuvo from $4.25 to $4.00 and set a “buy” rating on the stock in a report on Wednesday. Freedom Capital downgraded shares of Inuvo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $7.33.

Inuvo Stock Up 7.3%

NYSEAMERICAN INUV opened at $1.17 on Thursday. The company has a fifty day moving average of $1.46 and a two-hundred day moving average of $2.04. The firm has a market capitalization of $17.34 million, a price-to-earnings ratio of -9.00 and a beta of 1.18. Inuvo has a 52 week low of $1.00 and a 52 week high of $6.27.

Inuvo (NYSEAMERICAN:INUV) last announced its earnings results on Thursday, May 14th. The company reported $0.13 earnings per share for the quarter. The business had revenue of $7.93 million for the quarter. Inuvo had a negative net margin of 2.88% and a negative return on equity of 17.37%. Equities research analysts anticipate that Inuvo will post -0.12 EPS for the current year.

Institutional Trading of Inuvo

Several institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP purchased a new stake in shares of Inuvo during the fourth quarter valued at $51,000. Jane Street Group LLC increased its stake in Inuvo by 152.3% in the 4th quarter. Jane Street Group LLC now owns 42,562 shares of the company’s stock worth $106,000 after buying an additional 25,693 shares during the period. Susquehanna International Group LLP purchased a new position in Inuvo in the 3rd quarter worth about $101,000. Finally, Citadel Advisors LLC lifted its holdings in Inuvo by 533.1% during the 3rd quarter. Citadel Advisors LLC now owns 89,432 shares of the company’s stock valued at $314,000 after buying an additional 75,307 shares in the last quarter. 29.36% of the stock is currently owned by institutional investors.

Inuvo Company Profile

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.