Inuvo, Inc (NYSEAMERICAN:INUV) Short Interest Down 53.2% in June

Inuvo, Inc (NYSEAMERICAN:INUV) was the recipient of a significant decrease in short interest in the month of 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 days-to-cover ratio is presently 1.1 days.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Inuvo

Large investors have recently bought and sold shares of the business. Citadel Advisors LLC boosted its position in Inuvo by 533.1% during the third quarter. Citadel Advisors LLC now owns 89,432 shares of the company’s stock worth $314,000 after purchasing an additional 75,307 shares in the last quarter. Jane Street Group LLC increased its position in shares of 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. Susquehanna International Group LLP acquired a new position in shares of Inuvo during the 3rd quarter worth approximately $101,000. Finally, Dimensional Fund Advisors LP acquired a new position in shares of Inuvo during the 4th quarter worth approximately $51,000. Institutional investors and hedge funds own 29.36% of the company’s stock.

Inuvo Price Performance

INUV stock traded up $0.01 during midday trading on Tuesday, hitting $1.27. 77,646 shares of the stock traded hands, compared to its average volume of 274,601. The firm has a market cap of $18.85 million, a P/E ratio of -9.84 and a beta of 1.18. The stock’s fifty day simple moving average is $1.44 and its 200-day simple moving average is $2.03. Inuvo has a 1-year low of $1.00 and a 1-year high of $6.27.

Inuvo (NYSEAMERICAN:INUV) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.13 earnings per share for the quarter. The company 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%. On average, research analysts predict that Inuvo will post -0.12 earnings per share for the current year.

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.