Fluent (NASDAQ:FLNT) CFO Ryan Macnab Perfit Sells 9,604 Shares

Fluent, Inc. (NASDAQ:FLNT) CFO Ryan Macnab Perfit sold 9,604 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $2.59, for a total transaction of $24,874.36. Following the transaction, the chief financial officer directly owned 19,334 shares in the company, valued at approximately $50,075.06. This represents a 33.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Fluent Trading Down 9.6%

Shares of FLNT stock traded down $0.23 on Wednesday, hitting $2.16. 78,950 shares of the company’s stock traded hands, compared to its average volume of 31,385. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.95 and a current ratio of 0.95. Fluent, Inc. has a one year low of $1.62 and a one year high of $4.15. The company’s fifty day simple moving average is $3.12 and its 200 day simple moving average is $2.89. The stock has a market capitalization of $64.41 million, a price-to-earnings ratio of -2.48 and a beta of 1.03.

Fluent (NASDAQ:FLNT) last released its 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. The company had revenue of $44.85 million for the quarter, compared to analyst estimates of $48.80 million. Fluent had a negative net margin of 12.22% and a negative return on equity of 132.41%. Equities analysts forecast that Fluent, Inc. will post -0.48 EPS for the current year.

Institutional Investors Weigh In On Fluent

Institutional investors have recently added to or reduced their stakes in the company. 4WEALTH Advisors Inc. boosted its position in Fluent by 27.1% during the 1st 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. Millennium Management LLC purchased a new stake in shares of Fluent in the 4th quarter worth about $84,000. Susquehanna International Group LLP lifted its position in shares of Fluent by 65.3% in the 3rd quarter. Susquehanna International Group LLP now owns 39,947 shares of the company’s stock worth $89,000 after purchasing an additional 15,777 shares during the period. Geode Capital Management LLC lifted its position in shares of Fluent by 44.7% in the 4th quarter. Geode Capital Management LLC now owns 144,713 shares of the company’s stock worth $347,000 after purchasing an additional 44,684 shares during the period. Finally, Mink Brook Asset Management LLC purchased a new stake in shares of Fluent in the 3rd quarter worth about $634,000. Hedge funds and other institutional investors own 23.33% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on FLNT. Canaccord Genuity Group increased their price target on shares of 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 shares of Fluent in a research report on Thursday, April 23rd. They set a “buy” rating and a $5.00 price target for the company. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.