Global Value Investment Corp. Buys 61,368 Shares of Fluent (NASDAQ:FLNT) Stock

Fluent, Inc. (NASDAQ:FLNT) major shareholder Global Value Investment Corp. bought 61,368 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was acquired at an average cost of $2.75 per share, with a total value of $168,762.00. Following the transaction, the insider owned 3,151,044 shares in the company, valued at $8,665,371. The trade was a 1.99% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Fluent Trading Up 11.2%

Fluent stock opened at $2.99 on Thursday. The business has a 50-day simple moving average of $2.80 and a two-hundred day simple moving average of $2.95. The company has a market cap of $89.16 million, a P/E ratio of -3.44 and a beta of 0.89. Fluent, Inc. has a 52-week low of $1.70 and a 52-week 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.

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 analysts’ consensus estimates of ($0.21) by $0.02. The business had revenue of $44.85 million during 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%. Analysts predict that Fluent, Inc. will post -0.48 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Lake Street Capital assumed coverage on Fluent in a research note 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 Fluent from $2.50 to $3.50 and gave the company a “hold” rating in a research note on Tuesday, March 10th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $4.25.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FLNT. Mink Brook Asset Management LLC bought a new position in shares of Fluent during the 3rd quarter valued at approximately $634,000. Sei Investments Co. grew its stake in shares of 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 during the period. Geode Capital Management LLC grew its stake in shares of Fluent by 44.7% during 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 period. Millennium Management LLC bought a new position in shares of Fluent during the 4th quarter valued at approximately $84,000. Finally, Susquehanna International Group LLP grew its stake in shares of Fluent by 65.3% during 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 period. 23.33% of the stock is currently owned by institutional investors.

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.