LADENBURG THALM/SH SH Has Lowered Expectations for Inuvo (NYSEAMERICAN:INUV) Stock Price

Inuvo (NYSEAMERICAN:INUV) had its price objective reduced by LADENBURG THALM/SH SH from $4.25 to $4.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. LADENBURG THALM/SH SH’s price objective suggests a potential upside of 286.47% from the company’s previous close.

Separately, Freedom Capital lowered shares of Inuvo from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $7.33.

Inuvo Stock Performance

Shares of INUV traded down $0.04 during mid-day trading on Wednesday, hitting $1.03. 68,720 shares of the stock were exchanged, compared to its average volume of 262,453. The company has a market cap of $15.34 million, a PE ratio of -8.00 and a beta of 1.18. Inuvo has a 52-week low of $1.00 and a 52-week high of $6.27. The firm has a 50-day moving average of $1.50 and a two-hundred day moving average of $2.07.

Inuvo (NYSEAMERICAN:INUV) last posted its earnings results on Thursday, May 14th. The company reported $0.13 earnings per share for the quarter. Inuvo had a negative net margin of 2.88% and a negative return on equity of 17.37%. The firm had revenue of $7.93 million during the quarter. On average, sell-side analysts predict that Inuvo will post -0.24 EPS for the current year.

Hedge Funds Weigh In On Inuvo

A number of institutional investors and hedge funds have recently modified their holdings of INUV. Citadel Advisors LLC raised its holdings in Inuvo by 533.1% during the 3rd quarter. Citadel Advisors LLC now owns 89,432 shares of the company’s stock valued at $314,000 after buying an additional 75,307 shares during the period. Jane Street Group LLC boosted its stake in Inuvo by 152.3% during the fourth quarter. Jane Street Group LLC now owns 42,562 shares of the company’s stock worth $106,000 after buying an additional 25,693 shares during the period. Susquehanna International Group LLP bought a new position in Inuvo during the third quarter valued at $101,000. Finally, Dimensional Fund Advisors LP bought a new position in Inuvo during the fourth quarter valued at $51,000. Hedge funds and other 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.