Fluent, Inc. (NASDAQ:FLNT) Short Interest Update

Fluent, Inc. (NASDAQ:FLNT) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 200,168 shares, an increase of 295.4% from the May 31st total of 50,628 shares. Approximately 1.1% of the company’s shares are sold short. Based on an average daily volume of 354,357 shares, the days-to-cover ratio is currently 0.6 days.

Insider Transactions at Fluent

In related news, Director James Geygan bought 60,183 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were purchased at an average price of $2.75 per share, with a total value of $165,503.25. Following the transaction, the director owned 3,100,838 shares in the company, valued at $8,527,304.50. This trade represents a 1.98% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Donald Huntley Patrick sold 19,230 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $2.58, for a total value of $49,613.40. Following the sale, the chief executive officer owned 312,455 shares in the company, valued at $806,133.90. The trade was a 5.80% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders purchased 132,736 shares of company stock worth $358,260 and sold 29,120 shares worth $75,197. Company insiders own 38.40% of the company’s stock.

Institutional Investors Weigh In On Fluent

Large investors have recently modified their holdings of the business. 4WEALTH Advisors Inc. raised its stake in shares of 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 acquiring an additional 4,735 shares in the last quarter. Susquehanna International Group LLP grew its position 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 buying an additional 15,777 shares during the period. Millennium Management LLC acquired a new stake in Fluent during the fourth quarter valued at $84,000. Geode Capital Management LLC increased its holdings in Fluent by 44.7% in the fourth 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, Sei Investments Co. increased its holdings in Fluent by 117.5% in the first quarter. Sei Investments Co. now owns 508,110 shares of the company’s stock valued at $1,606,000 after buying an additional 274,533 shares in the last quarter. Institutional investors own 23.33% of the company’s stock.

Wall Street Analyst Weigh In

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

Fluent Trading Up 2.5%

Shares of NASDAQ FLNT traded up $0.08 during mid-day trading on Friday, reaching $3.32. The company had a trading volume of 28,396 shares, compared to its average volume of 222,724. The business’s 50-day moving average is $2.81 and its 200-day moving average is $3.00. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.34. The stock has a market cap of $99.00 million, a price-to-earnings ratio of -3.82 and a beta of 0.89. Fluent has a 52 week low of $1.70 and a 52 week high of $4.15.

Fluent (NASDAQ:FLNT) last announced its quarterly earnings data on Wednesday, May 13th. The company reported ($0.19) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.02. The company had revenue of $44.85 million during the quarter, compared to analyst estimates of $48.80 million. Fluent had a negative net margin of 12.22% and a negative return on equity of 132.41%. Equities analysts expect that Fluent will post -0.48 earnings per share for the current year.

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.