Fluent (NASDAQ:FLNT) Director James Geygan Purchases 60,183 Shares

Fluent, Inc. (NASDAQ:FLNT) Director James Geygan acquired 60,183 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was acquired at an average price of $2.75 per share, with a total value of $165,503.25. Following the acquisition, the director directly owned 3,100,838 shares of the company’s stock, valued at approximately $8,527,304.50. This represents a 1.98% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

James Geygan also recently made the following trade(s):

• On Friday, June 12th, James Geygan acquired 1,185 shares of Fluent stock. The stock was acquired at an average price of $2.78 per share, with a total value of $3,294.30.

Fluent Stock Up 3.1%

NASDAQ FLNT traded up $0.08 on Tuesday, hitting $2.69. 83,544 shares of the stock were exchanged, compared to its average volume of 73,977. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.34. Fluent, Inc. has a fifty-two week low of $1.70 and a fifty-two week high of $4.15. The company has a market cap of $80.22 million, a PE ratio of -3.09 and a beta of 0.89. The company has a 50-day moving average price of $2.82 and a 200-day moving average price of $2.93.

Fluent (NASDAQ:FLNT) last posted its quarterly 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. Fluent had a negative net margin of 12.22% and a negative return on equity of 132.41%. The company had revenue of $44.85 million during the quarter, compared to analysts’ expectations of $48.80 million. Sell-side analysts anticipate that Fluent, Inc. will post -0.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. 4WEALTH Advisors Inc. boosted 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 buying an additional 4,735 shares in the last quarter. Millennium Management LLC acquired a new position in shares of Fluent in the 4th quarter valued at $84,000. Susquehanna International Group LLP boosted 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 buying an additional 15,777 shares in the last quarter. Geode Capital Management LLC boosted 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 buying an additional 44,684 shares in the last quarter. Finally, Mink Brook Asset Management LLC acquired a new position in shares of Fluent in the 3rd quarter valued at $634,000. Institutional investors and hedge funds own 23.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Lake Street Capital assumed coverage on shares of Fluent in a report on Thursday, April 23rd. They set a “buy” rating and a $5.00 price target for the company. Canaccord Genuity Group boosted their price target on shares of Fluent from $2.50 to $3.50 and gave the stock a “hold” rating in a report on Tuesday, March 10th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Fluent presently has a consensus rating of “Moderate Buy” and an average target price of $4.25.

About Fluent

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.