Fluent (NASDAQ:FLNT) Director David Allen Graff Sells 25,000 Shares of Stock

Fluent, Inc. (NASDAQ:FLNT) Director David Allen Graff sold 25,000 shares of Fluent stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $3.00, for a total value of $75,000.00. Following the sale, the director directly owned 95,438 shares in the company, valued at approximately $286,314. This trade represents a 20.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Fluent Stock Performance

Shares of FLNT stock opened at $3.35 on Tuesday. Fluent, Inc. has a 12-month low of $1.70 and a 12-month high of $4.49. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $105.89 million, a price-to-earnings ratio of -4.35 and a beta of 0.75. The business has a 50 day simple moving average of $3.64 and a 200 day simple moving average of $3.28.

Fluent (NASDAQ:FLNT) last announced its earnings results on Monday, August 10th. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.02. Fluent had a negative return on equity of 155.09% and a negative net margin of 11.48%.The firm had revenue of $48.45 million for the quarter, compared to the consensus estimate of $44.64 million. On average, equities research analysts anticipate that Fluent, Inc. will post -0.52 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Lake Street Capital reissued a “buy” rating and set a $5.50 target price (up from $5.00) on shares of Fluent in a research note on Tuesday, August 11th. Canaccord Genuity Group set a $4.50 target price on Fluent and gave the stock a “hold” rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $5.00.

Institutional Investors Weigh In On Fluent

Several hedge funds and other institutional investors have recently bought and sold shares of FLNT. Corient Private Wealth LP bought a new position in shares of Fluent during the 2nd quarter valued at about $4,933,000. Tieton Capital Management LLC bought a new stake in shares of Fluent in the 2nd quarter worth approximately $4,387,000. Salvus Wealth Management LLC raised its holdings in shares of 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 purchasing an additional 10,560 shares in the last quarter. 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 valued at $1,606,000 after purchasing an additional 274,533 shares during the last quarter. Finally, 4WEALTH Advisors Inc. lifted its stake in Fluent by 27.1% during the first quarter. 4WEALTH Advisors Inc. now owns 22,237 shares of the company’s stock valued at $69,000 after purchasing an additional 4,735 shares during the last quarter. 23.33% of the stock is currently owned by institutional investors.

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.