Inuvo (NYSEAMERICAN:INUV) Shares Down 1.5% – Time to Sell?

Shares of Inuvo, Inc (NYSEAMERICAN:INUV) traded down 1.5% during trading on Friday . The stock traded as low as $2.55 and last traded at $2.61. 118,219 shares changed hands during mid-day trading, an increase of 19% from the average session volume of 99,670 shares. The stock had previously closed at $2.65.

Analyst Ratings Changes

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

Inuvo Stock Performance

The stock has a market capitalization of $38.13 million, a P/E ratio of -8.16 and a beta of 0.94. The business has a fifty day simple moving average of $2.76 and a 200-day simple moving average of $3.62.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Susquehanna International Group LLP purchased a new stake in shares of Inuvo during the 3rd quarter valued at $101,000. Citadel Advisors LLC grew its position in Inuvo by 533.1% during the third quarter. Citadel Advisors LLC now owns 89,432 shares of the company’s stock valued at $314,000 after buying an additional 75,307 shares during the period. GSA Capital Partners LLP purchased a new stake in Inuvo during the third quarter worth about $38,000. Barden Capital Management Inc. purchased a new stake in Inuvo during the second quarter worth about $72,000. Finally, Belpointe Asset Management LLC bought a new stake in Inuvo in the first quarter worth about $25,000. 29.36% of the stock is owned by institutional investors.

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.