Inuvo (NYSEAMERICAN:INUV) Lowered to “Hold” Rating by Freedom Capital

Freedom Capital lowered shares of Inuvo (NYSEAMERICAN:INUVFree Report) from a strong-buy rating to a hold rating in a report issued on Tuesday,Zacks.com reports.

Separately, HC Wainwright restated a “buy” rating and set a $6.00 price objective 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 given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $9.00.

Read Our Latest Report on Inuvo

Inuvo Stock Performance

Shares of INUV opened at $1.57 on Tuesday. The stock has a 50-day moving average price of $2.04 and a 200 day moving average price of $2.39. Inuvo has a one year low of $1.31 and a one year high of $6.27. The company has a market capitalization of $23.27 million, a P/E ratio of -12.08 and a beta of 1.24.

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

Institutional Trading of Inuvo

Several institutional investors and hedge funds have recently bought and sold shares of INUV. GSA Capital Partners LLP acquired a new stake in shares of Inuvo during the 3rd quarter worth approximately $38,000. Dimensional Fund Advisors LP acquired a new stake in shares of Inuvo during the 4th quarter worth approximately $51,000. Susquehanna International Group LLP acquired a new stake in shares of Inuvo during the 3rd quarter worth 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 worth $106,000 after purchasing an additional 25,693 shares during the period. Finally, 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 worth $314,000 after purchasing an additional 75,307 shares during the period. Institutional investors and hedge funds own 29.36% of the company’s stock.

Inuvo Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Inuvo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inuvo and related companies with MarketBeat.com's FREE daily email newsletter.