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

Inuvo (NYSEAMERICAN:INUV) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other brokerages have also commented on INUV. LADENBURG THALM/SH SH cut their price target on Inuvo from $4.25 to $4.00 and set a “buy” rating on the stock in a research note on Wednesday. Freedom Capital lowered shares of Inuvo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Inuvo presently has a consensus rating of “Buy” and a consensus price target of $7.33.

Inuvo Stock Up 7.3%

Shares of NYSEAMERICAN:INUV opened at $1.17 on Thursday. The business’s 50 day moving average is $1.46 and its 200 day moving average is $2.04. The stock has a market cap of $17.34 million, a P/E ratio of -9.00 and a beta of 1.18. Inuvo has a 52-week low of $1.00 and a 52-week high of $6.27.

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

Institutional Investors Weigh In On Inuvo

Institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC boosted its position 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 purchasing an additional 75,307 shares in the last quarter. Susquehanna International Group LLP bought a new position in Inuvo in the third quarter worth about $101,000. Jane Street Group LLC raised its holdings in Inuvo by 152.3% in the fourth 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 in the last quarter. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of Inuvo during the fourth quarter valued at about $51,000. Institutional investors 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.