Fluent (NASDAQ:FLNT) Major Shareholder Purchases $226,063.56 in Stock

Fluent, Inc. (NASDAQ:FLNT) major shareholder Global Value Investment Corp. purchased 65,148 shares of the business’s stock in a transaction dated Friday, March 13th. The shares were purchased at an average price of $3.47 per share, with a total value of $226,063.56. Following the purchase, the insider directly owned 3,089,676 shares in the company, valued at $10,721,175.72. This trade represents a 2.15% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Global Value Investment Corp. also recently made the following trade(s):

• On Thursday, March 12th, Global Value Investment Corp. acquired 17,207 shares of Fluent stock. The stock was purchased at an average price of $3.49 per share, for a total transaction of $60,052.43.

Fluent Price Performance

NASDAQ FLNT opened at $3.51 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.18. The company has a market cap of $104.04 million, a PE ratio of -3.22 and a beta of 0.94. Fluent, Inc. has a 52 week low of $1.50 and a 52 week high of $4.15. The firm’s 50-day simple moving average is $3.35 and its two-hundred day simple moving average is $2.57.

Fluent (NASDAQ:FLNT) last posted its earnings results on Monday, March 9th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.05). The business had revenue of $61.82 million during the quarter, compared to analysts’ expectations of $62.85 million. Fluent had a negative return on equity of 115.19% and a negative net margin of 13.01%. Research analysts predict that Fluent, Inc. will post -1.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group boosted their target price on shares of Fluent from $2.50 to $3.50 and gave the company a “hold” rating in a report on Tuesday, March 10th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $3.50.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FLNT. Millennium Management LLC purchased a new stake in shares of Fluent in the fourth quarter worth about $84,000. Susquehanna International Group LLP grew its stake in Fluent by 65.3% during the third 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 in the last quarter. Geode Capital Management LLC grew its stake in Fluent by 44.7% during the fourth 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 in the last quarter. Finally, Mink Brook Asset Management LLC bought a new stake in Fluent during the 3rd quarter worth approximately $634,000. Hedge funds and other institutional investors own 23.33% of the company’s stock.

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.