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 business’s 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 sale, the chief financial officer owned 19,334 shares of the company’s stock, valued at $50,075.06. This trade represents a 33.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Fluent Stock Performance

Shares of FLNT stock opened at $2.16 on Thursday. The firm has a market capitalization of $64.41 million, a PE ratio of -2.48 and a beta of 1.03. The firm has a fifty day simple moving average of $3.12 and a two-hundred day simple moving average of $2.89. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.34. Fluent, Inc. has a 12 month low of $1.62 and a 12 month high of $4.15.

Fluent (NASDAQ:FLNT) last announced its quarterly earnings results on Wednesday, May 13th. The company reported ($0.19) EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.02. The business had revenue of $44.85 million during 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%. Analysts forecast that Fluent, Inc. will post -0.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Fluent

Hedge funds and other institutional investors have recently made changes to their positions in the stock. 4WEALTH Advisors Inc. boosted its holdings in shares of Fluent by 27.1% in the 1st quarter. 4WEALTH Advisors Inc. now owns 22,237 shares of the company’s stock worth $69,000 after buying an additional 4,735 shares during the last quarter. Millennium Management LLC purchased a new position in shares of Fluent in the 4th quarter worth about $84,000. Susquehanna International Group LLP boosted its holdings 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 buying an additional 15,777 shares during the last quarter. Geode Capital Management LLC boosted its holdings 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 buying an additional 44,684 shares during the last quarter. Finally, Mink Brook Asset Management LLC purchased a new position in shares of Fluent in the 3rd quarter worth about $634,000. 23.33% of the stock is owned by hedge funds and other 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.