Inuvo (NYSEAMERICAN:INUV) Shares Down 8.4% – Here’s Why

Inuvo, Inc (NYSEAMERICAN:INUV) shares fell 8.4% on Wednesday. The company traded as low as $0.47 and last traded at $0.4713. Approximately 121,683 shares changed hands during mid-day trading, an increase of 8% from the average session volume of 112,213 shares. The stock had previously closed at $0.5145.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on INUV shares. Zacks Research cut shares of Inuvo from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 24th. LADENBURG THALM/SH SH decreased their price objective on Inuvo from $4.25 to $4.00 and set a “buy” rating for the company in a report on Wednesday, July 8th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Inuvo presently has a consensus rating of “Moderate Buy” and an average price target of $5.00.

Inuvo Price Performance

The firm has a market capitalization of $7.15 million, a PE ratio of -1.45 and a beta of 1.23. The business has a 50-day moving average of $0.65 and a 200 day moving average of $1.21. 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 issued its quarterly earnings data on Tuesday, August 11th. The company reported ($0.27) earnings per share 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 for the quarter. As a group, research analysts anticipate that Inuvo, Inc will post -0.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Inuvo

An institutional investor recently bought a new position in Inuvo stock. BlackRock Inc. bought a new stake in Inuvo, Inc (NYSEAMERICAN:INUV) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 123,814 shares of the company’s stock, valued at approximately $156,000. BlackRock Inc. owned approximately 0.75% of Inuvo as of its most recent SEC filing. 29.36% of the stock is currently owned by institutional investors.

Inuvo Company Profile

Inuvo, Inc is an advertising technology company that develops artificial intelligence-driven solutions for digital marketing and customer acquisition. The company’s technology is designed to help advertisers identify consumers who are likely to have an interest in particular products or services and deliver relevant advertising across digital channels.

Its primary platform, IntentKey, uses semantic and contextual artificial intelligence to analyze content and consumer signals and identify purchase intent without relying primarily on personally identifiable information.