Matthew Conlin Purchases 5,000 Shares of Fluent (NASDAQ:FLNT) Stock

Fluent, Inc. (NASDAQ:FLNT) insider Matthew Conlin purchased 5,000 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was bought at an average cost of $2.07 per share, with a total value of $10,350.00. Following the completion of the acquisition, the insider directly owned 2,468,677 shares of the company’s stock, valued at approximately $5,110,161.39. This trade represents a 0.20% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Fluent Price Performance

Fluent stock opened at $2.26 on Thursday. Fluent, Inc. has a one year low of $1.70 and a one year high of $4.15. The business has a fifty day moving average price of $2.98 and a 200-day moving average price of $2.90. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $67.39 million, a P/E ratio of -2.60 and a beta of 0.89.

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

Institutional Investors Weigh In On Fluent

Several hedge funds have recently added to or reduced their stakes in the company. Sei Investments Co. lifted its stake in 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 during the last quarter. Mink Brook Asset Management LLC bought a new stake in Fluent during the third quarter worth about $634,000. Geode Capital Management LLC lifted its stake in Fluent by 44.7% during the fourth quarter. Geode Capital Management LLC now owns 144,713 shares of the company’s stock worth $347,000 after purchasing an additional 44,684 shares during the last quarter. 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. Finally, Millennium Management LLC bought a new stake in Fluent during the fourth quarter worth about $84,000. Institutional investors own 23.33% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FLNT shares. Lake Street Capital started coverage on Fluent in a research note on Thursday, April 23rd. They set a “buy” rating and a $5.00 price objective for the company. Canaccord Genuity Group lifted their price objective on Fluent from $2.50 to $3.50 and gave the company a “hold” rating in a research note on Tuesday, March 10th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $4.25.

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.