Inuvo (NYSEAMERICAN:INUV) Price Target Lowered to $4.00 at LADENBURG THALM/SH SH

Inuvo (NYSEAMERICAN:INUV) had its price objective decreased by equities research analysts at LADENBURG THALM/SH SH from $4.25 to $4.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. LADENBURG THALM/SH SH’s price target would indicate a potential upside of 286.47% from the company’s previous close.

Separately, Freedom Capital downgraded Inuvo from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $7.33.

Inuvo Price Performance

Shares of INUV traded down $0.04 on Wednesday, reaching $1.03. The company’s stock had a trading volume of 68,720 shares, compared to its average volume of 262,453. The stock has a market capitalization of $15.34 million, a P/E ratio of -8.00 and a beta of 1.18. The stock’s 50 day simple moving average is $1.50 and its two-hundred day simple moving average is $2.07. Inuvo has a 12-month low of $1.00 and a 12-month high of $6.27.

Inuvo (NYSEAMERICAN:INUV) last announced its earnings results on Thursday, May 14th. The company reported $0.13 EPS for the quarter. The business had revenue of $7.93 million during the quarter. Inuvo had a negative net margin of 2.88% and a negative return on equity of 17.37%. Analysts expect that Inuvo will post -0.24 earnings per share for the current year.

Hedge Funds Weigh In On Inuvo

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