Inuvo, Inc (NYSEAMERICAN:INUV) Short Interest Update

Inuvo, Inc (NYSEAMERICAN:INUV) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 252,501 shares, a drop of 41.8% from the July 15th total of 434,002 shares. Currently, 1.6% of the shares of the company are sold short. Based on an average daily trading volume, of 289,988 shares, the days-to-cover ratio is currently 0.9 days.

Inuvo Price Performance

NYSEAMERICAN INUV opened at $0.78 on Monday. Inuvo has a 1-year low of $0.77 and a 1-year high of $4.42. The company has a market capitalization of $12.89 million, a price-to-earnings ratio of -2.61 and a beta of 1.23. The stock’s 50 day moving average is $1.15 and its two-hundred day moving average is $1.72. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.77.

Inuvo (NYSEAMERICAN:INUV) 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 net margin of 8.57% and a negative return on equity of 43.78%. Equities analysts forecast that Inuvo will post -0.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

INUV has been the topic of several research analyst reports. Zacks Research upgraded shares of Inuvo from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. Freedom Capital cut shares of Inuvo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Finally, LADENBURG THALM/SH SH cut their price target on Inuvo from $4.25 to $4.00 and set a “buy” rating for the company in a report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $5.00.

Institutional Trading of Inuvo

Several hedge funds have recently modified their holdings of the company. Citadel Advisors LLC grew its position 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 during the last quarter. Susquehanna International Group LLP acquired a new position in Inuvo in the third quarter worth $101,000. Dimensional Fund Advisors LP acquired a new position in Inuvo in the fourth quarter worth $51,000. Jane Street Group LLC grew its holdings 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 worth $106,000 after purchasing an additional 25,693 shares during the last quarter. Finally, BlackRock Inc. acquired a new stake in shares of Inuvo in the second quarter valued at $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.