Heights Capital Management, Inc. recently announced the acquisition of new stake in Inuvo Inc. (AMEX:INUV). This fresh investment now brings its stake to 5.13% valued currently at $2.9 million. In addition, Perkins Capital Management, Inc. raised its holdings by 1.34 million to 4.02 million shares. And The Vanguard Group, Inc. has lifted its position by 19.78% or 0.13 million shares – to 0.81 million shares.
With over 6.23 million Inuvo Inc. (INUV) shares trading Friday and a closing price of $0.46 on the day, the dollar volume was approximately $2.87 million. The shares have shown a negative weekly performance of -7.07% and its price on 08/21/20 lost nearly -8.29%. Currently, there are 66.02M common shares owned by the public and among those 51.15M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 3 analysts who have offered their price forecasts for INUV have a consensus price objective of $1.12. The analysts have set the share’s price value over the next 12 months at a high of $2.25 and a low of $0.50 should the stock experience a downside. Incidentally, analysts’ outlook for the Inuvo Inc. stock is 2.00 for the next 12 months. But an upside of 79.56% will see the stock hit the forecast high price target while mean target price for the stock is $0.60.
Insiders at the company have transacted a total of 21 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 13 of these insider trades were purchases, accounting for 4,318,763 shares. Insider sales of the common stock occurred on 8 occasions, with total insider shares sold totaling 132,745 shares.
The top 3 mutual fund holders in Inuvo Inc. are Herald Investment Trust Plc, Vanguard Total Stock Market Index, and Vanguard Extended Market Index Fu. Herald Investment Trust Plc owns 4.9 million shares of the company’s stock, all valued at over $2.84 million. The company bought an additional 4.9 million shares recently to bring their total holdings to about 5.02% of the shares outstanding. Vanguard Total Stock Market Index bought 1.78 million shares to see its total holdings expand to 2.18 million shares valued at over $1.26 million and representing 2.23% of the shares outstanding. Vanguard Extended Market Index Fu now owns shares totaling to 0.42% of the shares outstanding.
Shares of Inuvo Inc. (AMEX: INUV) opened at $0.50, unchanged from a prior closing price of $0.50. However, the script later closed the day at $0.46, down -8.29%. The company’s stock has a 5-day price change of -7.07% and 16.78% over the past three months. INUV shares are trading 55.60% year to date (YTD), with the 12-month market performance up to 74.48% higher. It has a 12-month low price of $0.09 and touched a high of $1.11 over the same period. Currently, 6.23 million shares have been traded, compared to an average intraday trading volume of 7.60 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -20.44%, -21.46%, and 22.57% respectively.
Institutional ownership of Inuvo Inc. (AMEX: INUV) shares accounts for 23.10% of the company’s 66.02M shares outstanding. Mutual fund holders own 17.65%, while other institutional holders and individual stakeholders account for 8.21% and 11.77% respectively.
It has a market capitalization of $49.01M and a beta (3y monthly) value of 1.38. The earnings-per-share (ttm) stands at -$0.08. Price movements for the stock have been influenced by the stock’s volatility, which stands at 11.24% over the week and 9.40% over the month.
Analysts forecast that Inuvo Inc. (INUV) will achieve an EPS of -$0.02 for the current quarter, -$0.02 for the next quarter and -$0.05 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.04 while analysts give the company a high EPS estimate of -$0.01. Comparatively, EPS for the current quarter was $0.02 a year ago. Earnings per share for the fiscal year are expected to increase by 41.60%, and 38.50% over the next financial year. EPS should grow at an annualized rate of 30.00% over the next five years, compared to -26.60% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 3 brokerage firm advisors rate Inuvo Inc. (INUV) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 1 of the 3 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the INUV, a number of firms have released research notes about the stock. Alliance Global Partners stated their Buy rating for the stock in a research note on July 28, 2020, with the firm’s price target at $2.25. Ladenburg Thalmann coverage for the Inuvo Inc. (INUV) stock in a research note released on December 14, 2015 offered a Buy rating with a price target of. ROTH Capital was of a view on September 29, 2015 that the stock is Buy, while H.C. Wainwright gave the stock Buy rating on May 19, 2015, issuing a price target of $4.