Following The Money: Institution’s Growing Stake In Inuvo Inc. (AMEX: INUV)

Ingalls & Snyder LLC has recently announced that it has increased stake in Inuvo Inc. (AMEX:INUV) by 7,338.62%. After grabbing 5.58 million shares, the institutional investor is now in possession of 5.5 million shares of the Communication Services Company. The new investment brought the stake of investor firm to 4.60% having worth around $1.61 million. Moreover, The Vanguard Group, Inc. increased its share by 0.57 million to have a control over 5.42 million shares. And Bard Associates, Inc. raised its holdings to 0.12 million shares by acquiring 1.38 million shares or 1.14% of the stake.

Inuvo Inc. (INUV) concluded trading on 05/25/23 at a closing price of $0.24, with 6.56 million shares of worth about $1.57 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -23.47% during that period and on Thursday the price saw a loss of about -31.01%. Currently the company’s common shares owned by public are about 122.79M shares, out of which, 106.04M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 2 analysts are covering the INUV stock and their offered price forecasts bring an average price target of $1.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $1.00 and could fall to a lowest price of $1.00. The stock’s current price level is 76.0% above of average price target set by the analysts, while a rise to estimated low would result in gain of 76.0% for the stock. However, touching the estimated high of $1.00 would mean a gain of 76.0% for the stock.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 22 times over the past 12 months. They bought 1,370,000 shares in 13 of the transactions. In 9 selling transactions, insiders dumped 536,831 shares.

Herald Investment Trust Plc, Vanguard Total Stock Market ETF, and Vanguard Extended Market Index Fu are the top 3 mutual funds which are holding stakes in Inuvo Inc. Herald Investment Trust Plc is currently holding 5.28 million shares of worth totaling $1.53 million. The company recently came buying 5.28 million shares which brought its stake up to 4.35% of the company’s outstanding shares. Vanguard Extended Market Index Fu, after buying 1.41 million shares, have now control over 1.16% of the stake in the company. It holds 0.0 shares of worth $0.41 million.

Inuvo Inc. (AMEX: INUV) started trading at $0.27, below -$0.08 from concluding price of the previous day. However, the stock later moved at a day high price of 0.2795, or with a loss of -31.01%. Stock saw a price change of -31.99% in past 5 days and over the past one month there was a price change of -17.49%. Year-to-date (YTD), INUV shares are showing a performance of 10.56% which decreased to -47.39% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.20 but also hit the highest price of $0.59 during that period. The average intraday trading volume for Inuvo Inc. shares is 330.15K. The stock is currently trading -25.61% below its 20-day simple moving average (SMA20), while that difference is down -22.31% for SMA50 and it goes to -33.00% lower than SMA200.

Ingalls & Snyder LLC acquired 5.58 million shares of Inuvo Inc. having value of about $1.61 million. Data submitted at the U.S SEC by Ingalls & Snyder LLC revealed that the firm now holds 5.5 million shares in the company valued at close to $1320951.6, or have control over 7,338.62% stake in the company. Inuvo Inc. (AMEX: INUV) currently have 122.79M outstanding shares and institutions hold larger chunk of about 16.10% of that. Holding of mutual funds in the company is about 12.18% while other institutional holders and individual stake holders have control over 15.36% and 10.12% of the stake respectively.

The stock has a current market capitalization of $31.46M and its 3Y-monthly beta is at 1.12. It has posted earnings per share of -$0.11 in the same period. It has Quick Ratio of 1.20 while making debt-to-equity ratio of 0.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for INUV, volatility over the week remained 14.16% while standing at 11.03% over the month.

Analysts are in expectations that Inuvo Inc. (INUV) stock would likely to be making an EPS of $Nuveen Municipal Value Fund, In in the current quarter, while forecast for next quarter EPS is $8.72 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $INVESTVIEW INC which is $InnovAge Holding Corp. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $INTEGRATED VENTURES INC in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -69.30% while it is estimated to increase by 33.30% in next year. EPS is likely to grow at an annualized rate of 30.00% for next 5-years, compared to annual growth of 7.50% made by the stock over the past 5-years.

Analysts at 2 brokerage firms have issued recommendations for the Inuvo Inc. (INUV)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 2 Wall Street analysts, 2 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.