Inuvo, Inc (NYSEAMERICAN:INUV) Sees Significant Decline in Short Interest

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

Inuvo Stock Down 0.7%

Shares of INUV traded down $0.01 during mid-day trading on Tuesday, hitting $0.74. The company’s stock had a trading volume of 183,334 shares, compared to its average volume of 283,067. 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’s 50-day moving average is $1.12 and its 200-day moving average is $1.68. Inuvo has a 52-week low of $0.71 and a 52-week high of $4.42. The firm has a market capitalization of $12.28 million, a price-to-earnings ratio of -2.48 and a beta of 1.23.

Inuvo (NYSEAMERICAN:INUV) last posted its earnings results 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 company had revenue of $7.54 million for the quarter. On average, equities research analysts forecast that Inuvo will post -0.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Inuvo

A number of large investors have recently added to or reduced their stakes in INUV. Dimensional Fund Advisors LP bought a new stake in shares of Inuvo in the 4th quarter valued at about $51,000. Susquehanna International Group LLP bought a new position in shares of Inuvo during the 3rd quarter worth approximately $101,000. Jane Street Group LLC lifted its position in Inuvo by 152.3% during the fourth quarter. Jane Street Group LLC now owns 42,562 shares of the company’s stock valued at $106,000 after acquiring an additional 25,693 shares during the last quarter. Citadel Advisors LLC boosted its stake in Inuvo by 533.1% in the third quarter. Citadel Advisors LLC now owns 89,432 shares of the company’s stock valued at $314,000 after acquiring an additional 75,307 shares in the last quarter. Finally, BlackRock Inc. acquired a new stake in Inuvo in the second quarter valued at approximately $156,000. 29.36% of the stock is currently owned by institutional investors.

About Inuvo

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.