Insider Buying: Fluent (NASDAQ:FLNT) Insider Purchases $10,350.00 in Stock

Fluent, Inc. (NASDAQ:FLNT) insider Ryan Schulke purchased 5,000 shares of Fluent stock in a transaction that occurred on Monday, June 1st. The shares were bought at an average cost of $2.07 per share, with a total value of $10,350.00. Following the completion of the transaction, the insider directly owned 3,497,995 shares of the company’s stock, valued at approximately $7,240,849.65. The trade was a 0.14% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Fluent Stock Performance

Shares of NASDAQ FLNT opened at $2.39 on Friday. The stock has a 50 day moving average price of $2.95 and a 200 day moving average price of $2.91. Fluent, Inc. has a 52 week low of $1.70 and a 52 week high of $4.15. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $71.26 million, a PE ratio of -2.75 and a beta of 0.89.

Fluent (NASDAQ:FLNT) last issued its quarterly earnings results on Wednesday, May 13th. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.02. Fluent had a negative return on equity of 132.41% and a negative net margin of 12.22%.The firm had revenue of $44.85 million during the quarter, compared to analysts’ expectations of $48.80 million. Analysts predict that Fluent, Inc. will post -0.48 earnings per share for the current fiscal year.

Institutional Trading of Fluent

Hedge funds have recently made changes to their positions in the business. 4WEALTH Advisors Inc. lifted its position in shares of Fluent by 27.1% in the first quarter. 4WEALTH Advisors Inc. now owns 22,237 shares of the company’s stock valued at $69,000 after buying an additional 4,735 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of Fluent in the fourth quarter valued at approximately $84,000. Susquehanna International Group LLP lifted its position in shares of 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 buying an additional 15,777 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Fluent by 44.7% in the fourth 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 during the last quarter. Finally, Mink Brook Asset Management LLC acquired a new stake in shares of Fluent in the third quarter valued at approximately $634,000. 23.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FLNT. Canaccord Genuity Group increased their price target on Fluent from $2.50 to $3.50 and gave the company a “hold” rating in a research report on Tuesday, March 10th. Lake Street Capital began coverage on Fluent in a research report on Thursday, April 23rd. They set a “buy” rating and a $5.00 price target for the company. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $4.25.

About Fluent

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.