Fluent (NASDAQ:FLNT) Director Sells 25,000 Shares of Stock

Fluent, Inc. (NASDAQ:FLNT) Director David Allen Graff sold 25,000 shares of Fluent stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $3.00, for a total value of $75,000.00. Following the completion of the transaction, the director owned 95,438 shares of the company’s stock, valued at approximately $286,314. This trade represents a 20.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Fluent Stock Performance

Shares of NASDAQ:FLNT traded up $0.26 during midday trading on Monday, reaching $3.35. 53,515 shares of the company traded hands, compared to its average volume of 60,430. The firm’s fifty day moving average price is $3.65 and its two-hundred day moving average price is $3.28. The firm has a market capitalization of $105.89 million, a price-to-earnings ratio of -4.35 and a beta of 0.75. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.64. Fluent, Inc. has a 12 month low of $1.70 and a 12 month high of $4.49.

Fluent (NASDAQ:FLNT) last issued its earnings results on Monday, August 10th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.02. The business had revenue of $48.45 million during the quarter, compared to the consensus estimate of $44.64 million. Fluent had a negative return on equity of 155.09% and a negative net margin of 11.48%. On average, equities analysts expect that Fluent, Inc. will post -0.52 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on FLNT shares. Canaccord Genuity Group set a $4.50 price objective on shares of Fluent and gave the company a “hold” rating in a research report on Tuesday, August 11th. Lake Street Capital reiterated a “buy” rating and issued a $5.50 target price (up from $5.00) on shares of Fluent in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $5.00.

Institutional Investors Weigh In On Fluent

Several large investors have recently added to or reduced their stakes in 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 acquiring an additional 4,735 shares during the last quarter. Salvus Wealth Management LLC grew its holdings in shares of Fluent by 54.3% during the second quarter. Salvus Wealth Management LLC now owns 30,008 shares of the company’s stock worth $112,000 after purchasing an additional 10,560 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Fluent by 117.5% during the first quarter. Sei Investments Co. now owns 508,110 shares of the company’s stock worth $1,606,000 after purchasing an additional 274,533 shares in the last quarter. Tieton Capital Management LLC bought a new position in shares of Fluent in the second quarter worth approximately $4,387,000. Finally, Corient Private Wealth LP bought a new position in shares of Fluent in the second quarter worth approximately $4,933,000. Institutional investors own 23.33% of the company’s stock.

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.