Inuvo (NYSEAMERICAN:INUV) Stock Rating Lowered by Zacks Research

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

A number of other equities research analysts have also recently commented on INUV. Freedom Capital cut shares of Inuvo from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. LADENBURG THALM/SH SH dropped their price objective on shares of Inuvo from $4.25 to $4.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $5.00.

Inuvo Price Performance

Shares of INUV opened at $0.71 on Monday. Inuvo has a 52-week low of $0.69 and a 52-week high of $4.42. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.60 and a current ratio of 0.60. The business’s 50 day moving average price is $1.05 and its two-hundred day moving average price is $1.64. The firm has a market cap of $11.76 million, a PE ratio of -2.38 and a beta of 1.23.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC grew 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 buying an additional 75,307 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in shares of Inuvo in the 3rd quarter worth about $101,000. Dimensional Fund Advisors LP bought a new position in Inuvo in the 4th quarter valued at about $51,000. Jane Street Group LLC lifted its position 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 acquiring an additional 25,693 shares in the last quarter. Finally, BlackRock Inc. acquired a new position in Inuvo during the 2nd quarter valued at about $156,000. Institutional investors and hedge funds 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.