Inuvo, Inc (NYSEAMERICAN:INUV) Short Interest Update

Inuvo, Inc (NYSEAMERICAN:INUV) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 541,544 shares, an increase of 31.5% from the February 26th total of 411,824 shares. Approximately 3.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 628,006 shares, the days-to-cover ratio is presently 0.9 days.

Analyst Ratings Changes

A number of equities research analysts have recently commented on INUV shares. HC Wainwright reiterated a “buy” rating and set a $6.00 price objective on shares of Inuvo in a research report on Monday, March 9th. Freedom Capital upgraded Inuvo to a “strong-buy” rating in a report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $9.00.

Institutional Trading of Inuvo

Several large investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new stake in shares of Inuvo in the third quarter valued at $38,000. Dimensional Fund Advisors LP purchased a new position in shares of Inuvo during the fourth quarter valued at $51,000. Jane Street Group LLC raised 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 buying an additional 25,693 shares during the period. Susquehanna International Group LLP purchased a new stake in Inuvo in the 3rd quarter worth about $101,000. Finally, Citadel Advisors LLC lifted its stake in 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 acquiring an additional 75,307 shares in the last quarter. 29.36% of the stock is owned by institutional investors and hedge funds.

Inuvo Trading Down 2.5%

Shares of INUV traded down $0.05 during midday trading on Friday, hitting $1.92. The stock had a trading volume of 225,344 shares, compared to its average volume of 435,456. Inuvo has a fifty-two week low of $1.62 and a fifty-two week high of $6.27. The business has a 50-day simple moving average of $2.35 and a two-hundred day simple moving average of $2.78. The firm has a market cap of $28.24 million, a P/E ratio of -5.33 and a beta of 1.24.

Inuvo (NYSEAMERICAN:INUV) last released its earnings results on Thursday, March 5th. The company reported ($0.04) earnings per share for the quarter. The firm had revenue of $14.26 million during the quarter. Inuvo had a negative return on equity of 44.34% and a negative net margin of 5.91%. On average, analysts expect that Inuvo will post -0.02 earnings per share for the current fiscal year.

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.