Fluent (NASDAQ:FLNT) Major Shareholder Global Value Investment Corp. Purchases 12,376 Shares of Stock

Fluent, Inc. (NASDAQ:FLNT) major shareholder Global Value Investment Corp. purchased 12,376 shares of the company’s stock in a transaction on Monday, September 14th. The stock was purchased at an average cost of $3.38 per share, for a total transaction of $41,830.88. Following the purchase, the insider directly owned 3,229,627 shares in the company, valued at approximately $10,916,139.26. This trade represents a 0.38% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Global Value Investment Corp. also recently made the following trade(s):

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

Fluent Stock Up 0.9%

NASDAQ:FLNT traded up $0.03 during trading hours on Wednesday, reaching $3.35. 11,345 shares of the stock were exchanged, compared to its average volume of 39,393. The stock has a market cap of $105.89 million, a PE ratio of -4.35 and a beta of 0.75. Fluent, Inc. has a twelve month low of $1.70 and a twelve month high of $4.49. The firm has a 50 day moving average of $3.62 and a 200 day moving average of $3.28. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.88 and a quick ratio of 0.88.

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

Hedge Funds Weigh In On Fluent

A number of institutional investors have recently added to or reduced their stakes in the company. 4WEALTH Advisors Inc. raised its stake in 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 period. Salvus Wealth Management LLC boosted its stake in shares of Fluent by 54.3% during the 2nd quarter. Salvus Wealth Management LLC now owns 30,008 shares of the company’s stock worth $112,000 after acquiring an additional 10,560 shares during the period. Sei Investments Co. increased its holdings in shares of Fluent by 117.5% during the 1st quarter. Sei Investments Co. now owns 508,110 shares of the company’s stock worth $1,606,000 after acquiring an additional 274,533 shares during the last quarter. Tieton Capital Management LLC bought a new stake in Fluent in the 2nd quarter valued at $4,387,000. Finally, Corient Private Wealth LP bought a new stake in Fluent in the 2nd quarter valued at $4,933,000. 23.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FLNT has been the topic of several analyst reports. Lake Street Capital reissued a “buy” rating and set a $5.50 price target (up from $5.00) on shares of Fluent in a research report on Tuesday, August 11th. Canaccord Genuity Group set a $4.50 price objective on Fluent and gave the company 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. According to MarketBeat.com, Fluent presently has an average rating of “Moderate Buy” and a consensus price target of $5.00.

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.