Inuvo (NYSEAMERICAN:INUV) Lowered to Hold Rating by Zacks Research

Zacks Research cut shares of Inuvo (NYSEAMERICAN:INUV) from a strong-buy rating to a hold rating in a report issued on Monday morning,Zacks.com reports.

A number of other brokerages also recently weighed in on INUV. Freedom Capital downgraded Inuvo from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. LADENBURG THALM/SH SH lowered their target price on shares of Inuvo from $4.25 to $4.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $5.00.

Inuvo Price Performance

Shares of INUV stock opened at $0.71 on Monday. The firm has a market cap of $11.76 million, a P/E ratio of -2.38 and a beta of 1.23. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.60 and a quick ratio of 0.60. Inuvo has a 1-year low of $0.69 and a 1-year high of $4.42. The firm has a fifty day moving average of $1.05 and a two-hundred day moving average of $1.64.

Inuvo (NYSEAMERICAN:INUV) last issued its earnings results on Tuesday, August 11th. The company reported ($0.27) earnings per share (EPS) for the quarter. The company had revenue of $7.54 million during the quarter. Inuvo had a negative net margin of 8.57% and a negative return on equity of 43.78%. As a group, research analysts anticipate that Inuvo will post -0.18 earnings per share for the current fiscal year.

Institutional Trading of Inuvo

Large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP acquired a new stake in shares of Inuvo in the fourth quarter valued at approximately $51,000. Susquehanna International Group LLP acquired a new position in Inuvo during the 3rd quarter valued at about $101,000. Jane Street Group LLC boosted its holdings in shares of Inuvo by 152.3% in the fourth 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. BlackRock Inc. acquired a new stake in Inuvo in the second quarter worth approximately $156,000. Finally, Citadel Advisors LLC raised 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 in the last quarter. Institutional investors and hedge funds 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.