Zacks Research Upgrades Inuvo (NYSEAMERICAN:INUV) to Strong-Buy

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

Inuvo Price Performance

Shares of INUV traded up $0.08 during midday trading on Thursday, hitting $1.17. The stock had a trading volume of 1,815,172 shares, compared to its average volume of 150,077. The stock’s 50 day moving average is $1.46 and its 200 day moving average is $2.04. The firm has a market cap of $17.34 million, a PE ratio of -9.00 and a beta of 1.18. Inuvo has a 1 year low of $1.00 and a 1 year high of $6.27.

Inuvo (NYSEAMERICAN:INUV) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.13 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 during the quarter. As a group, equities research analysts expect that Inuvo will post -0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Inuvo

Large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP purchased a new position in shares of Inuvo during the fourth quarter worth approximately $51,000. Susquehanna International Group LLP purchased a new stake in shares of Inuvo in the third quarter valued at approximately $101,000. Jane Street Group LLC increased its holdings in Inuvo by 152.3% during the 4th quarter. Jane Street Group LLC now owns 42,562 shares of the company’s stock worth $106,000 after purchasing an additional 25,693 shares during the period. Finally, Citadel Advisors LLC raised 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 in the last quarter. 29.36% of the stock is 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.