Inuvo (NYSEAMERICAN:INUV) Upgraded to Buy by Zacks Investment Research

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Zacks Investment Research upgraded shares of Inuvo (NYSEAMERICAN:INUV) from a hold rating to a buy rating in a report published on Wednesday morning, reports. Zacks Investment Research currently has $1.25 target price on the technology company’s stock.

According to Zacks, “Inuvo is an Internet marketing and technology company that delivers purchase-ready customers to advertisers through a broad network of websites and applications reaching both desktop and mobile devices. They deliver content and targeted advertisements over the internet and generate revenue when an end user clicks on the advertisements they delivered. They manage their business as two segments, the Partner Network and the Owned and Operated Network. The Partner Network delivers advertisements to their partners’ websites and applications on desktop, tablet and mobile devices. Their proprietary technology platform allows for targeted distribution of advertisements at a scale that measures in the hundreds of millions of advertisements delivered monthly. The Owned and Operated Network designs, builds and markets consumer websites and applications. This segment consists of their mobile-ready ALOT websites and is focused on providing engaging content to their users. “

Separately, Alliance Global Partners lifted their price objective on Inuvo from $2.50 to $3.00 and gave the stock a buy rating in a research note on Monday, January 25th.

Shares of NYSEAMERICAN INUV opened at $1.01 on Wednesday. Inuvo has a 52-week low of $0.18 and a 52-week high of $2.35. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.01 and a current ratio of 2.01. The business has a fifty day moving average of $0.43 and a two-hundred day moving average of $0.39. The stock has a market cap of $119.70 million, a PE ratio of -8.42 and a beta of 1.36.

Inuvo (NYSEAMERICAN:INUV) last posted its earnings results on Thursday, February 11th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. Inuvo had a negative net margin of 14.91% and a negative return on equity of 43.80%. The company had revenue of $12.90 million during the quarter, compared to analysts’ expectations of $12.90 million. Analysts predict that Inuvo will post -0.11 earnings per share for the current year.

In other news, General Counsel John B. Pisaris sold 40,000 shares of Inuvo stock in a transaction that occurred on Wednesday, February 17th. The shares were sold at an average price of $1.45, for a total value of $58,000.00. Following the sale, the general counsel now directly owns 497,410 shares in the company, valued at $721,244.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Don Walker Barrett III sold 20,000 shares of the business’s stock in a transaction on Wednesday, February 17th. The stock was sold at an average price of $1.50, for a total transaction of $30,000.00. Following the completion of the sale, the chief operating officer now directly owns 594,794 shares in the company, valued at approximately $892,191. The disclosure for this sale can be found here. In the last ninety days, insiders sold 121,369 shares of company stock worth $176,158. Insiders own 10.50% of the company’s stock.

Several large investors have recently bought and sold shares of INUV. Virtu Financial LLC bought a new position in shares of Inuvo in the 4th quarter valued at about $31,000. Jane Street Group LLC grew its holdings in Inuvo by 357.9% during the third quarter. Jane Street Group LLC now owns 203,934 shares of the technology company’s stock worth $75,000 after purchasing an additional 159,395 shares during the period. Squarepoint Ops LLC acquired a new position in Inuvo during the third quarter worth approximately $163,000. Finally, Perkins Capital Management Inc. raised its stake in Inuvo by 17.6% in the fourth quarter. Perkins Capital Management Inc. now owns 5,457,836 shares of the technology company’s stock valued at $2,472,000 after buying an additional 817,625 shares during the period. 17.79% of the stock is currently owned by hedge funds and other institutional investors.

About Inuvo

Inuvo, Inc, a technology company, develops and sells information technology solutions in the United States. The company's platforms identify and message online audiences for various products or services across devices and channels and formats, including video, mobile, connected TV, display, and social and native.

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