Fluent (NASDAQ:FLNT) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Fluent (NASDAQ:FLNT) issued its quarterly earnings data on Monday. The company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.02, FiscalAI reports. Fluent had a negative net margin of 12.22% and a negative return on equity of 132.41%. The firm had revenue of $48.45 million for the quarter, compared to analysts’ expectations of $44.64 million.

Fluent Price Performance

FLNT stock traded up $0.23 during midday trading on Monday, reaching $4.27. 45,125 shares of the stock were exchanged, compared to its average volume of 63,428. The company has a fifty day moving average price of $3.27 and a 200 day moving average price of $3.24. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.95 and a quick ratio of 0.95. Fluent has a 52 week low of $1.70 and a 52 week high of $4.36. The stock has a market capitalization of $127.33 million, a PE ratio of -4.91 and a beta of 0.76.

Wall Street Analyst Weigh In

Separately, Lake Street Capital began coverage on shares of Fluent in a research note on Thursday, April 23rd. They issued a “buy” rating and a $5.00 target price for the company. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Fluent has a consensus rating of “Moderate Buy” and a consensus price target of $4.25.

Insider Activity at Fluent

In related news, major shareholder Global Value Investment Corp. bought 61,368 shares of the business’s stock in a transaction on Friday, June 12th. The shares were purchased at an average cost of $2.75 per share, with a total value of $168,762.00. Following the acquisition, the insider owned 3,151,044 shares of the company’s stock, valued at $8,665,371. This represents a 1.99% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Donald Huntley Patrick sold 19,230 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $2.58, for a total transaction of $49,613.40. Following the completion of the transaction, the chief executive officer owned 312,455 shares in the company, valued at $806,133.90. This trade represents a 5.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders purchased 132,736 shares of company stock worth $358,260 and sold 29,120 shares worth $75,197. 38.40% of the stock is currently owned by company insiders.

Institutional Trading of Fluent

Large investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its position in shares of Fluent by 44.7% during the 4th quarter. Geode Capital Management LLC now owns 144,713 shares of the company’s stock valued at $347,000 after acquiring an additional 44,684 shares during the period. Susquehanna International Group LLP boosted its stake in Fluent by 65.3% during the third quarter. Susquehanna International Group LLP now owns 39,947 shares of the company’s stock worth $89,000 after acquiring an additional 15,777 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in Fluent in the fourth quarter worth $84,000. Institutional investors and hedge funds own 23.33% of the company’s stock.

About Fluent

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.