Inuvo (NYSEAMERICAN:INUV) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of Inuvo (NYSEAMERICAN:INUV) from a hold rating to a strong-buy rating in a research report released on Thursday morning,Zacks.com reports.

A number of other analysts have also issued reports on INUV. LADENBURG THALM/SH SH dropped their target price on Inuvo from $4.25 to $4.00 and set a “buy” rating on the stock in a research report on Wednesday. Freedom Capital lowered Inuvo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $7.33.

Inuvo Stock Up 7.3%

Shares of NYSEAMERICAN INUV traded up $0.08 during trading on Thursday, reaching $1.17. 1,815,172 shares of the stock were exchanged, compared to its average volume of 150,077. The company has a market capitalization of $17.34 million, a price-to-earnings ratio of -9.00 and a beta of 1.18. The business’s 50-day moving average price is $1.46 and its 200 day moving average price is $2.04. Inuvo has a twelve month low of $1.00 and a twelve month high of $6.27.

Inuvo (NYSEAMERICAN:INUV) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.13 earnings per share (EPS) for the quarter. Inuvo had a negative net margin of 2.88% and a negative return on equity of 17.37%. The firm had revenue of $7.93 million for the quarter. As a group, sell-side analysts expect that Inuvo will post -0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Citadel Advisors LLC boosted its position 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 purchasing an additional 75,307 shares during the period. Jane Street Group LLC increased its stake in Inuvo by 152.3% during the 4th quarter. Jane Street Group LLC now owns 42,562 shares of the company’s stock valued at $106,000 after buying an additional 25,693 shares during the period. Susquehanna International Group LLP acquired a new position in shares of Inuvo during the third quarter valued at approximately $101,000. Finally, Dimensional Fund Advisors LP acquired a new position in shares of Inuvo during the 4th quarter valued at $51,000. 29.36% of the stock is owned by institutional investors and hedge funds.

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.