Fluent (NASDAQ:FLNT) Insider Ryan Schulke Acquires 5,000 Shares

Fluent, Inc. (NASDAQ:FLNT) insider Ryan Schulke bought 5,000 shares of Fluent stock in a transaction on Monday, June 1st. The stock was acquired at an average price of $2.07 per share, for a total transaction of $10,350.00. Following the transaction, the insider directly owned 3,497,995 shares of the company’s stock, valued at approximately $7,240,849.65. This trade represents a 0.14% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Fluent Price Performance

NASDAQ:FLNT opened at $2.54 on Wednesday. Fluent, Inc. has a 52 week low of $1.70 and a 52 week high of $4.15. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $75.74 million, a P/E ratio of -2.92 and a beta of 0.89. The stock’s fifty day moving average is $3.03 and its two-hundred day moving average is $2.90.

Fluent (NASDAQ:FLNT) last posted its earnings results on Wednesday, May 13th. The company reported ($0.19) EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.02. Fluent had a negative return on equity of 132.41% and a negative net margin of 12.22%.The company had revenue of $44.85 million for the quarter, compared to the consensus estimate of $48.80 million. Equities analysts expect that Fluent, Inc. will post -0.48 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Lake Street Capital assumed coverage on Fluent in a research report on Thursday, April 23rd. They issued a “buy” rating and a $5.00 target price on the stock. Canaccord Genuity Group lifted their target price on Fluent from $2.50 to $3.50 and gave the company a “hold” rating in a research report on Tuesday, March 10th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $4.25.

Institutional Investors Weigh In On Fluent

Institutional investors and hedge funds have recently modified their holdings of the company. 4WEALTH Advisors Inc. raised its holdings in shares of Fluent by 27.1% in the 1st quarter. 4WEALTH Advisors Inc. now owns 22,237 shares of the company’s stock valued at $69,000 after buying an additional 4,735 shares during the period. Millennium Management LLC purchased a new stake in shares of Fluent in the 4th quarter valued at $84,000. Susquehanna International Group LLP raised its holdings in shares of Fluent by 65.3% in the 3rd quarter. Susquehanna International Group LLP now owns 39,947 shares of the company’s stock valued at $89,000 after buying an additional 15,777 shares during the period. Geode Capital Management LLC raised its holdings in shares of Fluent by 44.7% in the 4th quarter. Geode Capital Management LLC now owns 144,713 shares of the company’s stock valued at $347,000 after buying an additional 44,684 shares during the period. Finally, Mink Brook Asset Management LLC purchased a new stake in shares of Fluent in the 3rd quarter valued at $634,000. Hedge funds and other institutional investors own 23.33% of the company’s stock.

Fluent Company Profile

Fluent, Inc is a performance marketing and customer acquisition platform that helps consumer brands drive leads and sales through data-driven digital campaigns. The company specializes in direct-response marketing, executing campaigns across multiple channels including email, display, paid search, social media and native advertising. By focusing on measurable outcomes such as cost per acquisition and return on ad spend, Fluent tailors solutions to meet the specific objectives of its clients.

The company’s proprietary technology leverages first-party data sourced from its network of consumer-facing digital properties and programmatic partnerships.