Fluent (NASDAQ:FLNT) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Fluent, Inc. (NASDAQ:FLNT)’s stock price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $3.25 and traded as high as $3.29. Fluent shares last traded at $3.27, with a volume of 47,237 shares trading hands.

Analyst Ratings Changes

A number of research firms recently weighed in on FLNT. Canaccord Genuity Group set a $4.50 target price on shares of Fluent and gave the stock a “hold” rating in a report on Tuesday, August 11th. Lake Street Capital reissued a “buy” rating and issued a $5.50 price target (up from $5.00) on shares of Fluent in a report on Tuesday, August 11th. One research 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 currently has an average rating of “Moderate Buy” and an average price target of $5.00.

Fluent Trading Up 9.4%

The stock has a market cap of $103.36 million, a PE ratio of -4.25 and a beta of 0.70. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.64. The firm has a fifty day simple moving average of $3.17 and a two-hundred day simple moving average of $3.25.

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

Insiders Place Their Bets

In related news, Director David Graff sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $3.00, for a total transaction of $75,000.00. Following the completion of the transaction, the director owned 95,438 shares of the company’s stock, valued at $286,314. This trade represents a 20.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Geygan bought 12,376 shares of the company’s stock in a transaction dated Monday, September 14th. The stock was purchased at an average price of $3.38 per share, for a total transaction of $41,830.88. Following the purchase, the director owned 3,137,960 shares of the company’s stock, valued at approximately $10,606,304.80. This represents a 0.40% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders purchased 27,575 shares of company stock worth $92,357 and sold 28,830 shares worth $89,764. Company insiders own 38.40% of the company’s stock.

Institutional Investors Weigh In On Fluent

Large investors have recently made changes to their positions in the company. Corient Private Wealth LP bought a new position in Fluent in the 2nd quarter worth $4,933,000. Tieton Capital Management LLC bought a new stake in Fluent in the 2nd quarter valued at $4,387,000. Salvus Wealth Management LLC increased its stake in Fluent by 54.3% in the 2nd quarter. Salvus Wealth Management LLC now owns 30,008 shares of the company’s stock worth $112,000 after acquiring an additional 10,560 shares during the last quarter. Sei Investments Co. grew its holdings in shares of 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 purchasing an additional 274,533 shares in the last quarter. Finally, 4WEALTH Advisors Inc. increased its position in Fluent by 27.1% in the first quarter. 4WEALTH Advisors Inc. now owns 22,237 shares of the company’s stock worth $69,000 after purchasing an additional 4,735 shares during the last quarter. 23.33% of the stock is currently owned by institutional investors.

Fluent Company Profile

Fluent, Inc is a digital marketing and advertising technology company that helps brands and agencies acquire, engage and retain customers. Its services are designed to support performance marketing campaigns across digital channels, using audience data, targeting tools and campaign optimization capabilities.

The company provides solutions for programmatic advertising, customer acquisition, lead generation and audience engagement. Fluent’s offerings are intended to help advertisers reach relevant consumers, manage campaigns across multiple channels and measure marketing outcomes.