Inuvo (NYSEAMERICAN:INUV) Given Buy Rating at HC Wainwright

HC Wainwright reiterated their buy rating on shares of Inuvo (NYSEAMERICAN:INUV) in a research report sent to investors on Monday morning,Benzinga reports. They currently have a $6.00 target price on the stock.

Separately, Freedom Capital upgraded Inuvo to a “strong-buy” rating in a report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. Based on data from MarketBeat, Inuvo currently has a consensus rating of “Buy” and a consensus price target of $9.00.

Inuvo Trading Up 0.4%

NYSEAMERICAN INUV opened at $2.66 on Monday. The stock has a market capitalization of $39.13 million, a price-to-earnings ratio of -7.39 and a beta of 1.24. The stock has a 50-day moving average of $2.47 and a 200 day moving average of $2.88. Inuvo has a twelve month low of $1.62 and a twelve month high of $6.27.

Inuvo (NYSEAMERICAN:INUV) last posted its quarterly earnings data on Thursday, March 5th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $14.26 million for the quarter. Inuvo had a negative net margin of 5.91% and a negative return on equity of 44.34%. Equities analysts predict that Inuvo will post -0.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Inuvo

Several institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP purchased a new stake in shares of Inuvo during the third quarter worth $38,000. Citadel Advisors LLC boosted its holdings in Inuvo by 533.1% in the third quarter. Citadel Advisors LLC now owns 89,432 shares of the company’s stock valued at $314,000 after purchasing an additional 75,307 shares during the period. Susquehanna International Group LLP acquired a new position in Inuvo during the 3rd quarter worth $101,000. Dimensional Fund Advisors LP acquired a new position in Inuvo during the 4th quarter worth $51,000. Finally, Jane Street Group LLC increased its holdings in 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. 29.36% of the stock is owned by institutional investors and hedge funds.

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.