Inuvo (NYSEAMERICAN:INUV) Upgraded at Freedom Capital

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

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

Inuvo Stock Up 2.8%

Shares of INUV stock opened at $1.84 on Wednesday. Inuvo has a 12-month low of $1.62 and a 12-month high of $6.27. The firm has a fifty day moving average of $2.63 and a 200-day moving average of $3.15. The firm has a market capitalization of $26.88 million, a price-to-earnings ratio of -5.75 and a beta of 1.26.

Hedge Funds Weigh In On Inuvo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP bought a new position in Inuvo during the 3rd quarter worth about $38,000. Dimensional Fund Advisors LP bought a new stake in shares of Inuvo in the fourth quarter valued at about $51,000. Susquehanna International Group LLP acquired a new position in shares of Inuvo during the third quarter worth about $101,000. Jane Street Group LLC grew its holdings in shares of 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 in the last quarter. Finally, 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 worth $314,000 after buying an additional 75,307 shares in the last quarter. 29.36% of the stock is owned by institutional investors and hedge funds.

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.