Fluent (NASDAQ:FLNT) CEO Donald Huntley Patrick Sells 19,230 Shares

Fluent, Inc. (NASDAQ:FLNT) CEO Donald Huntley Patrick sold 19,230 shares of Fluent stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $2.58, for a total transaction of $49,613.40. Following the completion of the sale, the chief executive officer owned 312,455 shares in the company, valued at approximately $806,133.90. This trade represents a 5.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Donald Huntley Patrick also recently made the following trade(s):

• On Tuesday, May 26th, Donald Huntley Patrick sold 286 shares of Fluent stock. The shares were sold at an average price of $2.48, for a total transaction of $709.28.

Fluent Trading Down 9.6%

NASDAQ:FLNT traded down $0.23 during trading hours on Wednesday, hitting $2.16. The company had a trading volume of 78,950 shares, compared to its average volume of 31,385. The company has a market capitalization of $64.41 million, a PE ratio of -2.48 and a beta of 1.03. The stock has a 50-day moving average price of $3.12 and a 200 day moving average price of $2.89. Fluent, Inc. has a 52 week low of $1.62 and a 52 week high of $4.15. 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 (NASDAQ:FLNT) last released its quarterly earnings results on Wednesday, May 13th. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.02. The business had revenue of $44.85 million for the quarter, compared to analysts’ expectations of $48.80 million. Fluent had a negative net margin of 12.22% and a negative return on equity of 132.41%. On average, equities research analysts predict that Fluent, Inc. will post -0.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FLNT has been the subject of several recent research reports. Lake Street Capital began coverage on Fluent in a research report on Thursday, April 23rd. They set a “buy” rating and a $5.00 price objective for the company. Canaccord Genuity Group lifted their price objective on Fluent from $2.50 to $3.50 and gave the stock a “hold” rating in a 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $4.25.

Institutional Investors Weigh In On Fluent

Large investors have recently made changes to their positions in the company. 4WEALTH Advisors Inc. grew its stake in shares of Fluent by 27.1% during the 1st quarter. 4WEALTH Advisors Inc. now owns 22,237 shares of the company’s stock valued at $69,000 after purchasing an additional 4,735 shares during the period. Millennium Management LLC bought a new position in shares of Fluent during the 4th quarter valued at approximately $84,000. Susquehanna International Group LLP grew its stake in shares of Fluent by 65.3% during the 3rd quarter. Susquehanna International Group LLP now owns 39,947 shares of the company’s stock valued at $89,000 after acquiring an additional 15,777 shares during the period. Geode Capital Management LLC grew its stake 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. Finally, Mink Brook Asset Management LLC bought a new position in shares of Fluent during the 3rd quarter valued at approximately $634,000. 23.33% of the stock is currently owned by institutional investors.

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.