Inuvo (NYSEAMERICAN:INUV) Upgraded at Freedom Capital

Freedom Capital upgraded shares of Inuvo (NYSEAMERICAN:INUV) to a strong-buy rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

Separately, HC Wainwright set a $6.00 target price on Inuvo and gave the stock a “buy” rating in a report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to MarketBeat.com, Inuvo has an average rating of “Buy” and a consensus price target of $9.00.

Inuvo Stock Performance

INUV stock opened at $1.90 on Wednesday. The company has a fifty day moving average price of $2.61 and a 200-day moving average price of $3.12. The company has a market capitalization of $27.76 million, a P/E ratio of -5.94 and a beta of 1.26. Inuvo has a 52-week low of $1.62 and a 52-week high of $6.27.

Institutional Trading of Inuvo

A number of institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP bought a new position in shares of Inuvo in the 3rd quarter worth about $38,000. Dimensional Fund Advisors LP bought a new stake in shares of Inuvo during the 4th quarter valued at about $51,000. Susquehanna International Group LLP acquired a new stake in Inuvo during the third quarter worth approximately $101,000. Jane Street Group LLC increased its holdings in Inuvo by 152.3% in the fourth 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 in the last quarter. Finally, Citadel Advisors LLC increased its holdings in Inuvo by 533.1% in 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. Institutional investors own 29.36% of the company’s stock.

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.