Inuvo (NYSEAMERICAN:INUV) Earns “Buy” Rating from HC Wainwright

Inuvo (NYSEAMERICAN:INUV)‘s stock had its “buy” rating reiterated by equities researchers at HC Wainwright in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $6.00 target price on the stock. HC Wainwright’s price target would suggest a potential upside of 126.42% from the stock’s current price.

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 issued a Buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $9.00.

Inuvo Stock Performance

Inuvo stock opened at $2.65 on Monday. The company has a market capitalization of $38.98 million, a PE ratio of -7.36 and a beta of 1.24. Inuvo has a fifty-two week low of $1.62 and a fifty-two week high of $6.27. The firm has a 50 day moving average price of $2.47 and a 200 day moving average price of $2.88.

Inuvo (NYSEAMERICAN:INUV) last released its quarterly earnings results on Thursday, March 5th. The company reported ($0.04) EPS for the quarter. Inuvo had a negative return on equity of 44.34% and a negative net margin of 5.91%.The firm had revenue of $14.26 million for the quarter. As a group, equities research analysts forecast that Inuvo will post -0.02 earnings per share for the current year.

Hedge Funds Weigh In On Inuvo

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC grew its stake in shares of 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 acquiring an additional 75,307 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in shares of Inuvo in the third quarter valued at $101,000. Jane Street Group LLC boosted 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 valued at $106,000 after purchasing an additional 25,693 shares during the period. Dimensional Fund Advisors LP purchased a new position in Inuvo in the fourth quarter valued at $51,000. Finally, GSA Capital Partners LLP acquired a new position in Inuvo during the 3rd quarter worth $38,000. Hedge funds and other institutional investors own 29.36% of the company’s stock.

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.