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

Inuvo (NYSEAMERICAN:INUV)‘s stock had its “buy” rating reissued by analysts at HC Wainwright in a note issued to investors on Monday,Benzinga reports. They presently have a $6.00 price target on the stock. HC Wainwright’s price target suggests a potential upside of 126.42% from the company’s previous close.

Separately, Freedom Capital upgraded shares of 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 given a Buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $9.00.

Inuvo Stock Performance

INUV stock opened at $2.65 on Monday. The company’s 50 day moving average price is $2.47 and its 200 day moving average price is $2.88. The firm has a market capitalization of $38.98 million, a price-to-earnings 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.

Inuvo (NYSEAMERICAN:INUV) last issued its quarterly earnings results on Thursday, March 5th. The company reported ($0.04) earnings per share (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 during the quarter. Equities analysts forecast that Inuvo will post -0.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Inuvo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in INUV. GSA Capital Partners LLP acquired a new stake in Inuvo during the third quarter worth approximately $38,000. Dimensional Fund Advisors LP acquired a new position in shares of Inuvo in the 4th quarter valued at $51,000. Jane Street Group LLC grew its position in shares of 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 buying an additional 25,693 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in Inuvo during the 3rd quarter worth $101,000. Finally, Citadel Advisors LLC raised its stake in Inuvo by 533.1% during the 3rd 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. 29.36% of the stock is owned by institutional investors and hedge funds.

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.