Fluent (NASDAQ:FLNT) Director Purchases $41,830.88 in Stock

Fluent, Inc. (NASDAQ:FLNT) Director James Geygan bought 12,376 shares of the company’s stock in a transaction on Monday, September 14th. The shares were bought at an average price of $3.38 per share, for a total transaction of $41,830.88. Following the completion of the acquisition, the director directly owned 3,137,960 shares in the company, valued at approximately $10,606,304.80. This trade represents a 0.40% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

James Geygan also recently made the following trade(s):

• On Tuesday, September 1st, James Geygan sold 148 shares of Fluent stock. The shares were sold at an average price of $3.23, for a total transaction of $478.04.
• On Friday, August 28th, James Geygan sold 665 shares of Fluent stock. The stock was sold at an average price of $3.58, for a total transaction of $2,380.70.
• On Tuesday, August 25th, James Geygan sold 2 shares of Fluent stock. The stock was sold at an average price of $4.15, for a total transaction of $8.30.
• On Monday, August 17th, James Geygan sold 500 shares of Fluent stock. The stock was sold at an average price of $4.05, for a total transaction of $2,025.00.
• On Friday, August 14th, James Geygan sold 600 shares of Fluent stock. The shares were sold at an average price of $4.15, for a total transaction of $2,490.00.

Fluent Price Performance

Shares of NASDAQ FLNT opened at $3.55 on Friday. The firm has a market cap of $112.22 million, a PE ratio of -4.61 and a beta of 0.75. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.64. Fluent, Inc. has a 1-year low of $1.70 and a 1-year high of $4.49. The company has a fifty day moving average price of $3.61 and a 200 day moving average price of $3.28.

Fluent (NASDAQ:FLNT) last released its quarterly earnings results on Monday, August 10th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.02. The firm had revenue of $48.45 million for 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%. Research analysts predict that Fluent, Inc. will post -0.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on FLNT. Canaccord Genuity Group set a $4.50 target price on Fluent and gave the company a “hold” rating in a research note on Tuesday, August 11th. Lake Street Capital reiterated a “buy” rating and issued a $5.50 price objective (up from $5.00) on shares of Fluent in a report on Tuesday, August 11th. One 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 stock currently has an average rating of “Moderate Buy” and a consensus price target of $5.00.

Hedge Funds Weigh In On Fluent

Several hedge funds have recently modified their holdings of the stock. Corient Private Wealth LP acquired a new stake in shares of Fluent in the second quarter valued at about $4,933,000. Tieton Capital Management LLC acquired a new position in Fluent during the second quarter valued at approximately $4,387,000. Salvus Wealth Management LLC grew its stake in Fluent by 54.3% in the second quarter. Salvus Wealth Management LLC now owns 30,008 shares of the company’s stock valued at $112,000 after purchasing an additional 10,560 shares in the last quarter. Sei Investments Co. grew its stake in 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 shares of Fluent by 27.1% during the 1st 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. Institutional investors own 23.33% of the company’s stock.

Fluent Company Profile

Fluent, Inc is a digital marketing and advertising technology company that helps brands, agencies and publishers reach and engage consumers across digital channels. Its offerings are designed to support customer acquisition, audience targeting and campaign performance through data-driven marketing solutions.

The company provides programmatic advertising, media buying, audience development, data management and marketing technology services. Fluent’s platform supports campaigns across channels such as display, mobile, video, social media and connected television, with tools intended to help advertisers identify relevant audiences, deliver personalized messages and measure results.

Fluent serves marketers, agencies and media owners in the United States and international markets.