Fluent (NASDAQ:FLNT) Insider Matthew Conlin Acquires 5,000 Shares

Fluent, Inc. (NASDAQ:FLNT) insider Matthew Conlin bought 5,000 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was purchased at an average price of $2.07 per share, for a total transaction of $10,350.00. Following the acquisition, the insider directly owned 2,468,677 shares of the company’s stock, valued at approximately $5,110,161.39. The trade was a 0.20% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Fluent Stock Up 17.1%

Shares of Fluent stock opened at $2.54 on Wednesday. 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 52-week low of $1.70 and a 52-week high of $4.15. The stock has a market capitalization of $75.74 million, a price-to-earnings ratio of -2.92 and a beta of 0.89. The company’s 50 day moving average price is $3.03 and its 200-day moving average price is $2.90.

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Canaccord Genuity Group raised their target price on shares of Fluent from $2.50 to $3.50 and gave the stock a “hold” rating in a report on Tuesday, March 10th. Lake Street Capital started coverage on shares of Fluent in a report on Thursday, April 23rd. They issued a “buy” rating and a $5.00 price target on the stock. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Fluent has a consensus rating of “Moderate Buy” and an average target price of $4.25.

Institutional Trading of Fluent

Large investors have recently added to or reduced their stakes in the stock. 4WEALTH Advisors Inc. boosted its holdings 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 acquiring an additional 4,735 shares in the last quarter. Millennium Management LLC bought a new stake in Fluent in the fourth quarter valued at $84,000. Susquehanna International Group LLP boosted its holdings 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 in the last quarter. Geode Capital Management LLC boosted its holdings in 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 acquiring an additional 44,684 shares in the last quarter. Finally, Mink Brook Asset Management LLC bought a new stake in Fluent in the third quarter valued at $634,000. Institutional investors own 23.33% of the company’s stock.

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.