In this article, we discuss the 5 popular penny stocks on Robinhood. If you want to read our detailed analysis of these stocks, go directly to the 10 Popular Penny Stocks on Robinhood.
5. Inuvo, Inc. (NYSE: INUV)
Number of Hedge Fund Holders: N/A
Inuvo, Inc. (NYSE: INUV) is an information technology company that offers a host of internet-related services. It is ranked fifth on our list of 10 popular penny stocks on Robinhood. The stock has offered investors returns exceeding 65% over the course of the past year. Some of the key products of the firm include ValidClick and IntentKey, the former is an online marketing service and the latter is a consumer intent recognition system that uses artificial intelligence. The firm was founded in 1987 and is based in Arkansas.
On May 13, Inuvo, Inc. (NYSE: INUV) posted earnings for the first quarter of 2021, reporting earnings per share of -$0.02, missing market estimates by $0.01. The revenue for the first three months of 2021 was $10 million, down 28% year-on-year.
Out of the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Inuvo, Inc. (NYSE: INUV) with 126,140 shares worth more than $129,000.