Inuvo, Inc (NYSEAMERICAN:INUV) Short Interest Update

Inuvo, Inc (NYSEAMERICAN:INUV) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totaling 162,686 shares, a decrease of 53.2% from the June 15th total of 347,907 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average trading volume of 147,990 shares, the short-interest ratio is currently 1.1 days.

Inuvo Stock Performance

NYSEAMERICAN INUV traded up $0.05 on Wednesday, reaching $1.29. The company’s stock had a trading volume of 233,048 shares, compared to its average volume of 262,170. Inuvo has a 52 week low of $1.00 and a 52 week high of $6.27. The business has a 50-day moving average price of $1.42 and a 200 day moving average price of $2.01.

Inuvo (NYSEAMERICAN:INUV) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.13 EPS for the quarter. The firm had revenue of $7.93 million during the quarter. Inuvo had a negative net margin of 2.88% and a negative return on equity of 17.37%. As a group, research analysts forecast that Inuvo will post -0.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Inuvo

Several hedge funds and other institutional investors have recently modified their holdings of INUV. Citadel Advisors LLC grew its holdings in shares of Inuvo by 533.1% in the 3rd quarter. Citadel Advisors LLC now owns 89,432 shares of the company’s stock worth $314,000 after purchasing an additional 75,307 shares during the last quarter. Susquehanna International Group LLP bought a new position in Inuvo during the 3rd quarter valued at about $101,000. Jane Street Group LLC boosted its position in Inuvo by 152.3% in the fourth quarter. Jane Street Group LLC now owns 42,562 shares of the company’s stock valued at $106,000 after buying an additional 25,693 shares in the last quarter. Finally, Dimensional Fund Advisors LP acquired a new position in Inuvo in the fourth quarter valued at about $51,000. Institutional investors own 29.36% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Zacks Research upgraded Inuvo from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. LADENBURG THALM/SH SH cut their target price on Inuvo from $4.25 to $4.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. Finally, Freedom Capital cut Inuvo from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Inuvo currently has a consensus rating of “Buy” and an average price target of $7.33.

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.