Key Points
- Fluent director David Allen Graff sold 25,000 shares at an average price of $3.00, generating $75,000 and reducing his ownership by 20.76% to 95,438 shares.
- Fluent shares were trading at $3.35, up 8.4%, while the company reported quarterly revenue of $48.45 million and an adjusted loss of $0.13 per share, beating analyst estimates.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $5.00; institutional investors own 23.33% of the company after several firms recently added stakes.
Fluent, Inc. (NASDAQ:FLNT - Get Free Report) Director David Allen Graff sold 25,000 shares of Fluent stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $3.00, for a total value of $75,000.00. Following the completion of the transaction, the director owned 95,438 shares in the company, valued at $286,314. The trade was a 20.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Fluent Trading Up 8.4%
Shares of NASDAQ FLNT opened at $3.35 on Tuesday. Fluent, Inc. has a 12 month low of $1.70 and a 12 month high of $4.49. The company has a market cap of $105.89 million, a price-to-earnings ratio of -4.35 and a beta of 0.75. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.64. The business has a fifty day simple moving average of $3.64 and a 200-day simple moving average of $3.28.
Fluent (NASDAQ:FLNT - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported ($0.13) earnings per share for the quarter, beating analysts' consensus estimates of ($0.15) by $0.02. The business had revenue of $48.45 million during the quarter, compared to analyst estimates of $44.64 million. Fluent had a negative return on equity of 155.09% and a negative net margin of 11.48%. Sell-side analysts predict that Fluent, Inc. will post -0.52 EPS for the current year.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the stock. Canaccord Genuity Group set a $4.50 target price on shares of Fluent and gave the stock a "hold" rating in a research report on Tuesday, August 11th. Lake Street Capital restated a "buy" rating and issued a $5.50 price target (up from $5.00) on shares of Fluent in a research report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $5.00.
Get Our Latest Report on FLNT
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. Corient Private Wealth LP purchased a new stake in Fluent in the 2nd quarter worth about $4,933,000. Tieton Capital Management LLC acquired a new stake in Fluent during the 2nd quarter worth about $4,387,000. Sei Investments Co. grew its stake in Fluent by 117.5% during 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 in the last quarter. Salvus Wealth Management LLC grew its stake in Fluent by 54.3% during the 2nd quarter. Salvus Wealth Management LLC now owns 30,008 shares of the company's stock valued at $112,000 after acquiring an additional 10,560 shares in the last quarter. Finally, 4WEALTH Advisors Inc. increased its holdings in shares of Fluent by 27.1% in 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. 23.33% of the stock is owned by institutional investors and hedge funds.
About Fluent
(
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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