Inuvo (NYSEAMERICAN:INUV) Cut to “Hold” at Freedom Capital

Inuvo (NYSEAMERICAN:INUV) was downgraded by equities research analysts at Freedom Capital from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Separately, HC Wainwright reissued a “buy” rating and issued a $6.00 target price on shares of Inuvo in a research report on Monday, March 9th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Inuvo currently has an average rating of “Moderate Buy” and an average target price of $9.00.

Inuvo Stock Performance

INUV stock opened at $1.57 on Tuesday. The firm has a market cap of $23.27 million, a PE ratio of -12.08 and a beta of 1.24. The firm’s 50 day moving average price is $2.04 and its 200-day moving average price is $2.39. Inuvo has a one year low of $1.31 and a one year high of $6.27.

Inuvo (NYSEAMERICAN:INUV) last announced its earnings results on Thursday, May 14th. The company reported $0.13 earnings per share (EPS) for the quarter. The company had revenue of $7.93 million for the quarter. Inuvo had a negative return on equity of 17.37% and a negative net margin of 2.88%. Equities research analysts predict that Inuvo will post -0.37 EPS for the current fiscal year.

Institutional Trading of Inuvo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC raised its position in 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 purchasing an additional 25,693 shares during the period. Dimensional Fund Advisors LP purchased a new stake in Inuvo in the fourth quarter valued at approximately $51,000. Susquehanna International Group LLP acquired a new position in shares of Inuvo in the third quarter worth $101,000. Citadel Advisors LLC grew its stake in shares of Inuvo by 533.1% in the third quarter. Citadel Advisors LLC now owns 89,432 shares of the company’s stock worth $314,000 after acquiring an additional 75,307 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of Inuvo in the third quarter worth $38,000. Hedge funds and other institutional investors own 29.36% of the company’s stock.

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.