Fluent, Inc. (NASDAQ:FLNT) Sees Significant Decline in Short Interest

Fluent, Inc. (NASDAQ:FLNT) saw a significant drop in short interest in March. As of March 13th, there was short interest totaling 65,094 shares, a drop of 24.0% from the February 26th total of 85,638 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 47,555 shares, the short-interest ratio is currently 1.4 days.

Insider Transactions at Fluent

In other Fluent news, Director James Geygan purchased 65,148 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average price of $3.47 per share, for a total transaction of $226,063.56. Following the completion of the purchase, the director owned 3,040,655 shares in the company, valued at $10,551,072.85. The trade was a 2.19% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Global Value Investment Corp. purchased 65,148 shares of Fluent stock in a transaction that occurred on Friday, March 13th. The stock was acquired at an average cost of $3.47 per share, with a total value of $226,063.56. Following the acquisition, the insider directly owned 3,089,676 shares of the company’s stock, valued at $10,721,175.72. The trade was a 2.15% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have bought 164,835 shares of company stock worth $572,666. Corporate insiders own 43.51% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Mink Brook Asset Management LLC acquired a new position in shares of Fluent in the 3rd quarter worth approximately $634,000. Geode Capital Management LLC raised its position 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 in the last quarter. Millennium Management LLC bought a new position in Fluent during the fourth quarter worth $84,000. Finally, Susquehanna International Group LLP lifted its stake in Fluent by 65.3% during the third quarter. Susquehanna International Group LLP now owns 39,947 shares of the company’s stock worth $89,000 after purchasing an additional 15,777 shares during the last quarter. Institutional investors own 23.33% of the company’s stock.

Fluent Price Performance

FLNT opened at $3.23 on Friday. The company has a 50-day moving average of $3.42 and a 200-day moving average of $2.63. The company has a market capitalization of $95.74 million, a P/E ratio of -2.96 and a beta of 0.94. Fluent has a 1-year low of $1.50 and a 1-year high of $4.15. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.02 and a current ratio of 1.02.

Fluent (NASDAQ:FLNT) last issued its quarterly earnings results on Monday, March 9th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.05). The company had revenue of $61.82 million for the quarter, compared to the consensus estimate of $62.85 million. Fluent had a negative return on equity of 115.19% and a negative net margin of 13.01%. Equities analysts expect that Fluent will post -1.82 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Canaccord Genuity Group increased their target price on Fluent from $2.50 to $3.50 and gave the company a “hold” rating in a research note on Tuesday, March 10th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $3.50.

Fluent Company Profile

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.