Inuvo (NYSEAMERICAN:INUV) Upgraded to “Strong-Buy” at Freedom Capital

Inuvo (NYSEAMERICAN:INUV) was upgraded by equities researchers at Freedom Capital to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

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

Inuvo Stock Performance

INUV opened at $1.84 on Wednesday. The firm has a market cap of $26.88 million, a price-to-earnings ratio of -5.75 and a beta of 1.26. The firm’s 50-day simple moving average is $2.63 and its 200-day simple moving average is $3.15. Inuvo has a twelve month low of $1.62 and a twelve month high of $6.27.

Institutional Investors Weigh In On Inuvo

Several institutional investors have recently modified their holdings of the business. Citadel Advisors LLC raised its stake in shares of Inuvo by 533.1% during the third quarter. Citadel Advisors LLC now owns 89,432 shares of the company’s stock worth $314,000 after buying an additional 75,307 shares during the last quarter. Jane Street Group LLC raised its position in shares of Inuvo by 152.3% during 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 during the last quarter. Susquehanna International Group LLP acquired a new position in shares of Inuvo in the 3rd quarter valued at $101,000. Dimensional Fund Advisors LP bought a new position in shares of Inuvo in the 4th quarter worth $51,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Inuvo during the third quarter worth $38,000. 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.