Inuvo, Inc (NYSEAMERICAN:INUV – Get Free Report) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 252,501 shares, a decrease of 41.8% from the July 15th total of 434,002 shares. Based on an average daily volume of 289,988 shares, the short-interest ratio is presently 0.9 days. Currently, 1.6% of the company’s stock are sold short.
Institutional Investors Weigh In On Inuvo
A number of large investors have recently modified their holdings of INUV. Dimensional Fund Advisors LP purchased a new position in shares of Inuvo in the 4th quarter valued at approximately $51,000. Susquehanna International Group LLP purchased a new stake in Inuvo during the 3rd quarter worth approximately $101,000. Jane Street Group LLC increased its stake in 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 purchasing an additional 25,693 shares in the last quarter. BlackRock Inc. acquired a new position in Inuvo during the 2nd quarter valued at approximately $156,000. Finally, 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 buying an additional 75,307 shares during the last quarter. Hedge funds and other institutional investors own 29.36% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the stock. Zacks Research raised shares of Inuvo from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. LADENBURG THALM/SH SH dropped 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. Finally, Freedom Capital downgraded Inuvo from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $5.00.
Inuvo Stock Up 0.0%
Shares of INUV stock traded up $0.00 during trading hours on Wednesday, reaching $0.74. 57,884 shares of the company’s stock were exchanged, compared to its average volume of 281,501. Inuvo has a fifty-two week low of $0.71 and a fifty-two week high of $4.42. The stock’s 50 day moving average is $1.12 and its 200-day moving average is $1.68. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.77. The company has a market cap of $12.28 million, a price-to-earnings ratio of -2.48 and a beta of 1.23.
Inuvo (NYSEAMERICAN:INUV – Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported ($0.27) earnings per share for the quarter. Inuvo had a negative return on equity of 43.78% and a negative net margin of 8.57%.The business had revenue of $7.54 million during the quarter. Analysts predict that Inuvo will post -0.12 earnings per share for the current fiscal year.
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.
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