Zacks Research Downgrades Inuvo (NYSEAMERICAN:INUV) to Hold

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

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

Inuvo Stock Up 1.2%

Shares of NYSEAMERICAN INUV opened at $0.71 on Monday. The stock has a market capitalization of $11.76 million, a price-to-earnings ratio of -2.38 and a beta of 1.23. Inuvo has a 52 week low of $0.69 and a 52 week high of $4.42. The firm has a 50-day moving average price of $1.05 and a 200 day moving average price of $1.64. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.77.

Inuvo (NYSEAMERICAN:INUV) last issued its earnings results on Tuesday, August 11th. The company reported ($0.27) earnings per share (EPS) for the quarter. Inuvo had a negative net margin of 8.57% and a negative return on equity of 43.78%. The company had revenue of $7.54 million during the quarter. Equities research analysts anticipate that Inuvo will post -0.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Inuvo

Large investors have recently bought and sold shares of the stock. Citadel Advisors LLC raised its holdings 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 during the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Inuvo in the third quarter valued at $101,000. Dimensional Fund Advisors LP acquired a new stake in shares of Inuvo during the fourth quarter valued at $51,000. Jane Street Group LLC boosted its stake 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 valued at $106,000 after acquiring an additional 25,693 shares during the last quarter. Finally, BlackRock Inc. purchased a new stake in Inuvo during the 2nd quarter worth 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.