Inuvo (NYSEAMERICAN:INUV) Shares Up 3.5% – Should You Buy?

Inuvo, Inc (NYSEAMERICAN:INUV)’s stock price shot up 3.5% during trading on Wednesday . The stock traded as high as $2.97 and last traded at $2.96. 105,461 shares were traded during trading, an increase of 8% from the average session volume of 98,057 shares. The stock had previously closed at $2.86.

Analyst Ratings Changes

A number of brokerages have weighed in on INUV. Maxim Group set a $12.00 price target on shares of Inuvo and gave the company a “buy” rating in a report on Monday, August 11th. HC Wainwright cut their price objective on shares of Inuvo from $15.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $11.00.

Inuvo Price Performance

The firm has a market cap of $43.25 million, a P/E ratio of -9.25 and a beta of 0.94. The stock’s 50 day moving average is $3.02 and its two-hundred day moving average is $3.79.

Inuvo (NYSEAMERICAN:INUV) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.12) earnings per share for the quarter. Inuvo had a negative net margin of 4.44% and a negative return on equity of 35.30%. The company had revenue of $22.57 million for the quarter. As a group, research analysts forecast that Inuvo, Inc will post -0.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC lifted its holdings in shares of 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 acquiring an additional 75,307 shares during the period. Belpointe Asset Management LLC acquired a new stake in shares of Inuvo during the 1st quarter worth about $25,000. Susquehanna International Group LLP acquired a new stake in shares of Inuvo during the 3rd quarter worth about $101,000. Barden Capital Management Inc. bought a new position in Inuvo during the 2nd quarter valued at about $72,000. Finally, GSA Capital Partners LLP bought a new position in Inuvo during the 3rd quarter valued at about $38,000. 29.36% of the stock is currently owned by institutional investors and hedge funds.

Inuvo Company Profile

Inuvo, Inc engages in the advertising technology and services business primarily in the United States. It sells information technology solutions to brands, agencies, and large consolidators of advertising demand (platforms). Its platforms optimize the purchase and placement of advertising in real time.