Inuvo (NYSEAMERICAN:INUV) Trading Down 1.5% – What’s Next?

Inuvo, Inc (NYSEAMERICAN:INUV)’s stock price dropped 1.5% on Friday . The stock traded as low as $2.55 and last traded at $2.61. Approximately 118,219 shares were traded during trading, an increase of 19% from the average daily volume of 99,670 shares. The stock had previously closed at $2.65.

Analysts Set New Price Targets

Separately, HC Wainwright decreased their price target on shares of Inuvo from $15.00 to $10.00 and set a “buy” rating for the company in a report on Monday, November 10th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Inuvo has a consensus rating of “Buy” and an average price target of $11.00.

Inuvo Stock Performance

The company’s fifty day moving average is $2.76 and its two-hundred day moving average is $3.62. The company has a market cap of $38.13 million, a price-to-earnings ratio of -8.16 and a beta of 0.94.

Inuvo (NYSEAMERICAN:INUV) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.12) EPS for the quarter. The business had revenue of $22.57 million for the quarter. Inuvo had a negative net margin of 4.44% and a negative return on equity of 35.30%. On average, sell-side analysts anticipate that Inuvo, Inc will post -0.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Inuvo

A number of institutional investors have recently modified their holdings of INUV. Belpointe Asset Management LLC acquired a new position in shares of Inuvo in the 1st quarter valued at about $25,000. GSA Capital Partners LLP purchased a new position in Inuvo during the third quarter valued at approximately $38,000. Barden Capital Management Inc. acquired a new position in Inuvo in the second quarter valued at approximately $72,000. Susquehanna International Group LLP purchased a new stake in Inuvo in the 3rd quarter worth approximately $101,000. Finally, Citadel Advisors LLC boosted its position 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 purchasing an additional 75,307 shares in the last quarter. Hedge funds and other institutional investors own 29.36% of the company’s stock.

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.