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

Inuvo (NYSEAMERICAN:INUV) was downgraded by stock analysts at Freedom Capital from a “strong-buy” rating to a “hold” rating in a report issued 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 note on Monday, March 9th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $9.00.

Inuvo Trading Up 8.3%

INUV stock opened at $1.57 on Tuesday. Inuvo has a 12-month low of $1.31 and a 12-month high of $6.27. The stock has a market cap of $23.27 million, a price-to-earnings ratio of -12.08 and a beta of 1.24. The business’s 50-day moving average is $2.04 and its 200 day moving average is $2.39.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC raised its position in shares of 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 buying an additional 75,307 shares during the period. Susquehanna International Group LLP purchased a new stake in shares of Inuvo during the 3rd quarter valued at approximately $101,000. Jane Street Group LLC raised its position 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 buying an additional 25,693 shares during the period. Dimensional Fund Advisors LP purchased a new stake in shares of Inuvo during the 4th quarter valued at approximately $51,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Inuvo during the 3rd quarter valued at approximately $38,000. 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.