Fluent (NASDAQ:FLNT) Major Shareholder Global Value Investment Corp. Acquires 61,368 Shares

Fluent, Inc. (NASDAQ:FLNT) major shareholder Global Value Investment Corp. purchased 61,368 shares of Fluent stock in a transaction on Friday, June 12th. The stock was bought at an average cost of $2.75 per share, with a total value of $168,762.00. Following the transaction, the insider directly owned 3,151,044 shares of the company’s stock, valued at approximately $8,665,371. The trade was a 1.99% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Fluent Price Performance

Shares of NASDAQ:FLNT opened at $2.69 on Wednesday. Fluent, Inc. has a fifty-two week low of $1.70 and a fifty-two week high of $4.15. The business has a 50-day moving average of $2.81 and a two-hundred day moving average of $2.94. The stock has a market capitalization of $80.22 million, a P/E ratio of -3.09 and a beta of 0.89. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.95 and a quick ratio of 0.95.

Fluent (NASDAQ:FLNT) last announced its quarterly earnings results on Wednesday, May 13th. The company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $44.85 million during the quarter, compared to analysts’ expectations of $48.80 million. On average, equities research analysts predict that Fluent, Inc. will post -0.48 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Lake Street Capital assumed coverage on Fluent in a research report on Thursday, April 23rd. They issued a “buy” rating and a $5.00 price target for the company. Canaccord Genuity Group boosted their price target on Fluent from $2.50 to $3.50 and gave the stock a “hold” rating in a research report on Tuesday, March 10th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $4.25.

Hedge Funds Weigh In On Fluent

Institutional investors have recently made changes to their positions in the business. Mink Brook Asset Management LLC bought a new position in shares of Fluent in the third quarter worth about $634,000. Geode Capital Management LLC increased its stake 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 worth $347,000 after purchasing an additional 44,684 shares during the period. Susquehanna International Group LLP increased its stake 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 worth $89,000 after purchasing an additional 15,777 shares during the period. Millennium Management LLC bought a new position in shares of Fluent in the fourth quarter worth about $84,000. Finally, Sei Investments Co. increased its stake in shares of Fluent by 117.5% in the first quarter. Sei Investments Co. now owns 508,110 shares of the company’s stock worth $1,606,000 after purchasing an additional 274,533 shares during the period. 23.33% of the stock is currently owned by institutional investors.

Fluent Company Profile

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.