Ryan Schulke Purchases 5,000 Shares of Fluent (NASDAQ:FLNT) Stock

Fluent, Inc. (NASDAQ:FLNT) insider Ryan Schulke bought 5,000 shares of Fluent stock in a transaction on Monday, June 1st. The shares were purchased at an average price of $2.07 per share, for a total transaction of $10,350.00. Following the acquisition, the insider directly owned 3,497,995 shares in the company, valued at approximately $7,240,849.65. This trade represents a 0.14% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Fluent Stock Down 11.0%

FLNT stock opened at $2.26 on Thursday. Fluent, Inc. has a fifty-two week low of $1.70 and a fifty-two week high of $4.15. The business’s 50 day moving average price is $2.98 and its two-hundred day moving average price is $2.90. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $67.39 million, a price-to-earnings ratio of -2.60 and a beta of 0.89.

Fluent (NASDAQ:FLNT) last posted its earnings results on Wednesday, May 13th. The company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.02. Fluent had a negative return on equity of 132.41% and a negative net margin of 12.22%.The firm had revenue of $44.85 million for the quarter, compared to the consensus estimate of $48.80 million. As a group, analysts forecast that Fluent, Inc. will post -0.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fluent

Several hedge funds and other institutional investors have recently modified their holdings of FLNT. 4WEALTH Advisors Inc. increased its stake in Fluent by 27.1% in the 1st quarter. 4WEALTH Advisors Inc. now owns 22,237 shares of the company’s stock worth $69,000 after buying an additional 4,735 shares in the last quarter. Millennium Management LLC purchased a new stake in shares of Fluent during the 4th quarter worth approximately $84,000. Susquehanna International Group LLP raised its holdings 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 worth $89,000 after acquiring an additional 15,777 shares in the last quarter. Geode Capital Management LLC lifted 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 acquiring an additional 44,684 shares during the last quarter. Finally, Mink Brook Asset Management LLC bought a new position in shares of Fluent in the 3rd quarter valued at about $634,000. 23.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on FLNT. Canaccord Genuity Group boosted their price target on Fluent from $2.50 to $3.50 and gave the stock a “hold” rating in a research report on Tuesday, March 10th. Lake Street Capital began coverage on Fluent in a research report on Thursday, April 23rd. They issued a “buy” rating and a $5.00 price target on the stock. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.