Fluent, Inc. (NASDAQ:FLNT) Short Interest Update

Fluent, Inc. (NASDAQ:FLNT) saw a significant decrease in short interest in June. As of June 30th, there was short interest totaling 82,984 shares, a decrease of 58.5% from the June 15th total of 200,168 shares. Based on an average daily volume of 55,458 shares, the short-interest ratio is currently 1.5 days. Approximately 0.5% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital started coverage on Fluent in a research report on Thursday, April 23rd. They issued a “buy” rating and a $5.00 price target on the stock. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $4.25.

Insider Activity

In other news, Director James Geygan purchased 60,183 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were acquired at an average price of $2.75 per share, with a total value of $165,503.25. Following the completion of the purchase, the director directly owned 3,100,838 shares of the company’s stock, valued at $8,527,304.50. The trade was a 1.98% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Global Value Investment Corp. acquired 61,368 shares of the company’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 completion of the acquisition, the insider directly owned 3,151,044 shares in the company, valued at approximately $8,665,371. The trade was a 1.99% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have purchased 132,736 shares of company stock valued at $358,260 and have sold 29,120 shares valued at $75,197. 38.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FLNT. Mink Brook Asset Management LLC bought a new position in shares of Fluent in the third quarter valued at $634,000. 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 purchasing an additional 44,684 shares during the period. Salvus Wealth Management LLC lifted its stake in Fluent by 54.3% in the 2nd quarter. Salvus Wealth Management LLC now owns 30,008 shares of the company’s stock valued at $112,000 after purchasing an additional 10,560 shares during the last quarter. Sei Investments Co. grew its holdings in Fluent by 117.5% during the first quarter. Sei Investments Co. now owns 508,110 shares of the company’s stock worth $1,606,000 after purchasing an additional 274,533 shares during the period. Finally, Millennium Management LLC bought a new stake in Fluent in the fourth quarter valued at approximately $84,000. 23.33% of the stock is currently owned by institutional investors.

Fluent Stock Down 1.4%

Fluent stock opened at $3.61 on Thursday. Fluent has a twelve month low of $1.70 and a twelve month 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 50 day moving average of $2.95 and a 200-day moving average of $3.15. The stock has a market capitalization of $107.65 million, a PE ratio of -4.15 and a beta of 0.73.

Fluent (NASDAQ:FLNT) last released its quarterly earnings results on Wednesday, May 13th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating 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, equities research analysts anticipate that Fluent will post -0.48 EPS for the current fiscal year.

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.