Inuvo (NYSEAMERICAN:INUV) Rating Lowered to “Hold” at Zacks Research

Inuvo (NYSEAMERICAN:INUV) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Several other equities research analysts have also commented on the company. LADENBURG THALM/SH SH dropped their price target on Inuvo from $4.25 to $4.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. Freedom Capital lowered Inuvo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $5.00.

Inuvo Trading Up 1.2%

Shares of INUV stock opened at $0.71 on Monday. The firm has a market cap of $11.76 million, a P/E ratio of -2.38 and a beta of 1.23. Inuvo has a 1-year low of $0.69 and a 1-year high of $4.42. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.60 and a quick ratio of 0.60. The firm’s 50-day simple moving average is $1.05 and its 200-day simple moving average is $1.64.

Inuvo (NYSEAMERICAN:INUV) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($0.27) EPS for the quarter. Inuvo had a negative return on equity of 43.78% and a negative net margin of 8.57%.The firm had revenue of $7.54 million for the quarter. As a group, equities analysts forecast that Inuvo will post -0.18 EPS for the current year.

Institutional Trading of Inuvo

A number of institutional investors have recently added to or reduced their stakes in INUV. Jane Street Group LLC increased its holdings in Inuvo by 152.3% in the 4th 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 in the last quarter. Susquehanna International Group LLP acquired a new position in shares of Inuvo during the third quarter worth about $101,000. Citadel Advisors LLC lifted its stake in shares of Inuvo by 533.1% during the third quarter. Citadel Advisors LLC now owns 89,432 shares of the company’s stock worth $314,000 after purchasing an additional 75,307 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of Inuvo in the fourth quarter worth about $51,000. Finally, BlackRock Inc. purchased a new stake in shares of Inuvo in the second quarter worth about $156,000. 29.36% of the stock is owned by hedge funds and other institutional investors.

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.