Inuvo, Inc (NYSEAMERICAN:INUV – Get Free Report) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 292,087 shares, a drop of 38.9% from the September 30th total of 478,248 shares. Currently, 1.9% of the company’s shares are short sold. Based on an average daily volume of 94,265 shares, the days-to-cover ratio is presently 3.1 days.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in Inuvo stock. BlackRock Inc. bought a new position in Inuvo, Inc (NYSEAMERICAN:INUV – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 123,814 shares of the company’s stock, valued at approximately $156,000. BlackRock Inc. owned 0.75% of Inuvo as of its most recent SEC filing. 29.36% of the stock is owned by institutional investors.
Inuvo Stock Performance
Shares of INUV traded up $0.01 during trading hours on Monday, hitting $0.42. The company’s stock had a trading volume of 98,921 shares, compared to its average volume of 244,802. The business has a 50 day simple moving average of $0.56 and a two-hundred day simple moving average of $1.47. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.60 and a quick ratio of 0.60. Inuvo has a 52-week low of $0.40 and a 52-week high of $3.80. The company has a market cap of $7.00 million, a price-to-earnings ratio of -1.42 and a beta of 1.28.
Inuvo (NYSEAMERICAN:INUV – Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($0.27) EPS for the quarter. The company had revenue of $7.54 million during the quarter. Inuvo had a negative return on equity of 43.78% and a negative net margin of 8.57%. On average, equities analysts expect that Inuvo will post -0.18 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
INUV has been the topic of several analyst reports. LADENBURG THALM/SH SH dropped their price target on shares of Inuvo from $4.25 to $4.00 and set a “buy” rating on the stock in a research note on Wednesday, July 8th. Zacks Research lowered shares of Inuvo from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 24th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $5.00.
Check Out Our Latest Analysis on INUV
Inuvo Company Profile
Inuvo, Inc (NYSE American: INUV) is an advertising technology company that develops artificial intelligence-powered solutions for brands, agencies, publishers and other digital media participants. Its technology is designed to help advertisers identify audiences, deliver relevant advertising and improve campaign performance across digital channels.
The company’s principal platform, IntentKey, uses artificial intelligence and contextual analysis to identify consumer interests and purchase intent.
Featured Articles
- Five stocks we like better than Inuvo
- AbbVie’s Humira Era Is Fading, But Its New Growth Engines Face Another Test
- GLP-1 Focus or Broader Peptide Exposure: Which ETF Has the Edge?
- Mortgage Rates Froze U.S. Housing, But These 3 Overseas Markets Still Pay Double Digits
- Big Tech Is Spending Billions on AI—These 5 Stocks Are Getting Paid
Receive News & Ratings for Inuvo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inuvo and related companies with MarketBeat.com's FREE daily email newsletter.
