Fluent (NASDAQ:FLNT) Director Buys $226,063.56 in Stock

Fluent, Inc. (NASDAQ:FLNT) Director James Geygan acquired 65,148 shares of the business’s stock in a transaction dated Friday, March 13th. The shares were bought at an average cost of $3.47 per share, with a total value of $226,063.56. Following the transaction, the director directly owned 3,040,655 shares of the company’s stock, 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 SEC, which is accessible through this link.

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

• On Friday, March 13th, James Geygan bought 125 shares of Fluent stock. The shares were purchased at an average cost of $3.47 per share, for a total transaction of $433.75.
• On Thursday, March 12th, James Geygan purchased 17,207 shares of Fluent stock. The shares were purchased at an average price of $3.49 per share, for a total transaction of $60,052.43.

Fluent Stock Performance

Fluent stock traded up $0.25 during trading hours on Monday, hitting $3.36. The stock had a trading volume of 43,147 shares, compared to its average volume of 31,429. The company has a 50-day moving average of $3.34 and a two-hundred day moving average of $2.55. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.18. The company has a market cap of $99.59 million, a PE ratio of -3.08 and a beta of 0.94. Fluent, Inc. has a fifty-two week low of $1.50 and a fifty-two week high of $4.00.

Fluent (NASDAQ:FLNT) last announced its quarterly earnings data on Monday, March 9th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.05). The firm had revenue of $61.82 million for the quarter, compared to analyst estimates of $62.85 million. Fluent had a negative return on equity of 115.19% and a negative net margin of 13.01%. On average, equities research analysts anticipate that Fluent, Inc. will post -1.82 EPS for the current fiscal year.

Institutional Investors Weigh In On Fluent

A number of institutional investors have recently added to or reduced their stakes in FLNT. Mink Brook Asset Management LLC bought a new stake in shares of Fluent in the 3rd quarter valued at approximately $634,000. Geode Capital Management LLC boosted its stake in Fluent by 44.7% in the 4th quarter. Geode Capital Management LLC now owns 144,713 shares of the company’s stock valued at $347,000 after buying an additional 44,684 shares in the last quarter. Susquehanna International Group LLP grew its position in Fluent by 65.3% in the third quarter. Susquehanna International Group LLP now owns 39,947 shares of the company’s stock valued at $89,000 after acquiring an additional 15,777 shares during the period. Finally, Millennium Management LLC bought a new stake in Fluent in the fourth quarter valued at $84,000. 23.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Canaccord Genuity Group boosted their price target on shares of Fluent from $2.50 to $3.50 and gave the company a “hold” rating in a report on Tuesday, March 10th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Fluent presently has an average rating of “Hold” and an average target price 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.