Key Points
- Insider buying: Fluent insider Ryan Schulke bought 5,000 shares at $2.07 each, a $10,350 purchase that raised his direct holdings to about 3.5 million shares.
- Quarterly results: Fluent reported a Q1 loss of $0.19 per share, beating analyst expectations of a $0.21 loss, but revenue of $44.85 million came in below the $48.80 million consensus.
- Market sentiment: Analysts currently rate FLNT a Moderate Buy with an average price target of $4.25, while the stock recently traded at $2.54.
Fluent, Inc. (NASDAQ:FLNT - Get Free Report) insider Ryan Schulke acquired 5,000 shares of the business's stock in a transaction that occurred on Monday, June 1st. The stock was purchased at an average price of $2.07 per share, for a total transaction of $10,350.00. Following the acquisition, the insider directly owned 3,497,995 shares in the company, valued at approximately $7,240,849.65. This trade represents a 0.14% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Fluent Price Performance
FLNT stock opened at $2.54 on Wednesday. The business's fifty day moving average price is $3.03 and its 200 day moving average price is $2.90. 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, Inc. has a 12-month low of $1.70 and a 12-month high of $4.15. The company has a market capitalization of $75.74 million, a PE ratio of -2.92 and a beta of 0.89.
Fluent (NASDAQ:FLNT - Get Free Report) last issued its quarterly earnings results on Wednesday, May 13th. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate 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. On average, sell-side analysts anticipate that Fluent, Inc. will post -0.48 EPS for the current year.
Institutional Investors Weigh In On Fluent
Several large investors have recently bought and sold shares of the stock. 4WEALTH Advisors Inc. increased its holdings in Fluent by 27.1% during the 1st quarter. 4WEALTH Advisors Inc. now owns 22,237 shares of the company's stock worth $69,000 after purchasing an additional 4,735 shares during the period. Susquehanna International Group LLP increased 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 acquiring an additional 15,777 shares during the last quarter. Millennium Management LLC purchased a new position in shares of Fluent in the 4th quarter valued at about $84,000. Geode Capital Management LLC increased 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 acquiring an additional 44,684 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in shares of 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 acquiring an additional 274,533 shares during the last quarter. Hedge funds and other institutional investors own 23.33% of the company's stock.
Analyst Upgrades and Downgrades
FLNT has been the topic of several recent research reports. Lake Street Capital initiated coverage on Fluent in a report on Thursday, April 23rd. They set a "buy" rating and a $5.00 price target on the stock. Canaccord Genuity Group upped their price target on Fluent from $2.50 to $3.50 and gave the stock a "hold" rating in a report on Tuesday, March 10th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Fluent has an average rating of "Moderate Buy" and an average price target of $4.25.
View Our Latest Analysis on Fluent
Fluent Company Profile
(
Get Free Report)
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.
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