WealthTrust Axiom LLC Has $220,000 Holdings in Fluent Inc (NASDAQ:FLNT)

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WealthTrust Axiom LLC lifted its holdings in shares of Fluent Inc (NASDAQ:FLNT) by 5.7% during the third quarter, Holdings Channel.com reports. The firm owned 80,611 shares of the company’s stock after acquiring an additional 4,366 shares during the quarter. WealthTrust Axiom LLC’s holdings in Fluent were worth $220,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of FLNT. BlackRock Inc. lifted its holdings in shares of Fluent by 53.0% during the second quarter. BlackRock Inc. now owns 2,795,429 shares of the company’s stock worth $15,039,000 after purchasing an additional 968,785 shares during the period. Allianz Asset Management GmbH acquired a new position in shares of Fluent during the second quarter worth $3,232,000. Wells Fargo & Company MN lifted its holdings in shares of Fluent by 318.9% during the second quarter. Wells Fargo & Company MN now owns 688,689 shares of the company’s stock worth $3,705,000 after purchasing an additional 524,296 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Fluent by 186.6% during the second quarter. JPMorgan Chase & Co. now owns 782,038 shares of the company’s stock worth $4,051,000 after purchasing an additional 509,124 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Fluent by 1,097.3% during the second quarter. Renaissance Technologies LLC now owns 425,106 shares of the company’s stock worth $2,287,000 after purchasing an additional 389,600 shares during the period. Institutional investors own 33.42% of the company’s stock.

In other news, CEO Ryan Schulke purchased 31,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average cost of $3.16 per share, for a total transaction of $99,540.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Matthew Conlin purchased 25,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average price of $2.85 per share, for a total transaction of $71,250.00. Following the completion of the acquisition, the insider now owns 5,325,229 shares of the company’s stock, valued at approximately $15,176,902.65. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 150,500 shares of company stock worth $453,220. 20.20% of the stock is owned by corporate insiders.

A number of equities analysts have recently commented on the stock. ValuEngine upgraded shares of Fluent from a “sell” rating to a “hold” rating in a report on Friday. Barrington Research set a $5.00 target price on shares of Fluent and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Zacks Investment Research raised shares of Fluent from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Fluent has a consensus rating of “Buy” and a consensus price target of $6.58.

NASDAQ FLNT traded up $0.04 during mid-day trading on Friday, reaching $2.43. 152,700 shares of the stock were exchanged, compared to its average volume of 385,140. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.24 and a quick ratio of 2.24. The stock has a 50 day simple moving average of $2.61 and a 200-day simple moving average of $4.33. The stock has a market cap of $193.45 million, a P/E ratio of 24.30, a P/E/G ratio of 0.79 and a beta of 1.12. Fluent Inc has a one year low of $2.26 and a one year high of $7.47.

Fluent (NASDAQ:FLNT) last posted its earnings results on Thursday, August 8th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). Fluent had a return on equity of 4.51% and a net margin of 2.87%. The business had revenue of $70.56 million for the quarter, compared to the consensus estimate of $66.89 million. During the same period in the previous year, the firm earned $0.07 earnings per share. The company’s revenue was up 23.9% on a year-over-year basis. Sell-side analysts anticipate that Fluent Inc will post 0.08 EPS for the current fiscal year.

About Fluent

Fluent, Inc provides data-driven digital marketing services primarily in the United States. The company also offers customer acquisition services by operating digital marketing campaigns, through which the company connects its advertiser clients with consumers. It delivers data and performance-based marketing executions to approximately 500 consumer brands, direct marketers, and agencies across a range of industries, including financial services, retail and consumer, media and entertainment, staffing and recruitment, and marketing services.

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Institutional Ownership by Quarter for Fluent (NASDAQ:FLNT)

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