Fluent (NASDAQ:FLNT) Insider Acquires $10,350.00 in Stock

Fluent, Inc. (NASDAQ:FLNT) insider Matthew Conlin bought 5,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were bought at an average cost of $2.07 per share, for a total transaction of $10,350.00. Following the completion of the acquisition, the insider directly owned 2,468,677 shares in the company, valued at approximately $5,110,161.39. This trade represents a 0.20% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Fluent Stock Up 5.8%

Shares of FLNT opened at $2.39 on Friday. The company has a market capitalization of $71.26 million, a PE ratio of -2.75 and a beta of 0.89. Fluent, Inc. has a 12 month low of $1.70 and a 12 month high of $4.15. The stock’s 50-day moving average price is $2.95 and its two-hundred day moving average price is $2.91. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.34.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mink Brook Asset Management LLC acquired a new position in shares of Fluent in the 3rd quarter valued at about $634,000. Geode Capital Management LLC increased its position in 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 in the last quarter. Susquehanna International Group LLP increased its position in 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 in the last quarter. Millennium Management LLC bought a new stake in Fluent in the 4th quarter valued at about $84,000. Finally, Sei Investments Co. increased its position in Fluent by 117.5% in the 1st quarter. Sei Investments Co. now owns 508,110 shares of the company’s stock valued at $1,606,000 after buying an additional 274,533 shares in the last quarter. 23.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FLNT has been the topic of a number of recent analyst reports. Canaccord Genuity Group boosted their price objective on Fluent from $2.50 to $3.50 and gave the company a “hold” rating in a research note on Tuesday, March 10th. Lake Street Capital initiated coverage on Fluent in a research note on Thursday, April 23rd. They issued a “buy” rating and a $5.00 price objective on the stock. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Fluent presently has an average rating of “Moderate Buy” and a consensus price target of $4.25.

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.