Inuvo (NYSEAMERICAN:INUV) Shares Up 4.3% – Time to Buy?

Shares of Inuvo, Inc (NYSEAMERICAN:INUV) shot up 4.3% on Thursday . The company traded as high as $1.46 and last traded at $1.44. 91,287 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 211,451 shares. The stock had previously closed at $1.38.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on INUV. Freedom Capital downgraded Inuvo from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. HC Wainwright reaffirmed a “buy” rating and issued a $6.00 target price on shares of Inuvo in a report on Monday, March 9th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Inuvo presently has an average rating of “Moderate Buy” and a consensus price target of $9.00.

Inuvo Stock Performance

The company has a market cap of $21.49 million, a price-to-earnings ratio of -11.15 and a beta of 1.17. The company has a fifty day moving average of $1.76 and a two-hundred day moving average of $2.26.

Inuvo (NYSEAMERICAN:INUV) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.13 earnings per share for the quarter. Inuvo had a negative return on equity of 17.37% and a negative net margin of 2.88%.The company had revenue of $7.93 million for the quarter. Equities analysts expect that Inuvo, Inc will post -0.37 EPS for the current fiscal year.

Institutional Investors Weigh In On Inuvo

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