Fluent (NASDAQ:FLNT) Stock Breaks Above 200-Day Moving Average – What’s Next?

Fluent, Inc. (NASDAQ:FLNT) shares crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $3.25 and traded as high as $3.29. Fluent shares last traded at $3.27, with a volume of 47,237 shares changing hands.

Analyst Ratings Changes

A number of research analysts have issued reports on FLNT shares. Lake Street Capital restated a “buy” rating and issued a $5.50 target price (up from $5.00) on shares of Fluent in a report on Tuesday, August 11th. Canaccord Genuity Group set a $4.50 price target on shares of Fluent and gave the stock a “hold” rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $5.00.

Fluent Stock Performance

The company has a market cap of $108.74 million, a price-to-earnings ratio of -4.47 and a beta of 0.70. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.64. The stock’s 50 day moving average price is $3.15 and its 200 day moving average price is $3.26.

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

Insider Buying and Selling at Fluent

In related news, Director David Graff sold 25,000 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $3.00, for a total value of $75,000.00. Following the transaction, the director directly owned 95,438 shares of the company’s stock, valued at approximately $286,314. This trade represents a 20.76% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Global Value Investment Corp. bought 12,376 shares of Fluent stock in a transaction that occurred on Monday, September 14th. The stock was purchased at an average price of $3.38 per share, for a total transaction of $41,830.88. Following the acquisition, the insider directly owned 3,229,627 shares of the company’s stock, valued at $10,916,139.26. The trade was a 0.38% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders have purchased 27,575 shares of company stock worth $92,357 and have sold 28,830 shares worth $89,764. 38.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Fluent

A number of large investors have recently modified their holdings of FLNT. 4WEALTH Advisors Inc. increased its position in Fluent by 27.1% during the 1st quarter. 4WEALTH Advisors Inc. now owns 22,237 shares of the company’s stock worth $69,000 after purchasing an additional 4,735 shares in the last quarter. Salvus Wealth Management LLC raised its holdings in Fluent by 54.3% in the second quarter. Salvus Wealth Management LLC now owns 30,008 shares of the company’s stock valued at $112,000 after buying an additional 10,560 shares during the period. Sei Investments Co. lifted its position in Fluent by 117.5% during the first quarter. Sei Investments Co. now owns 508,110 shares of the company’s stock valued at $1,606,000 after buying an additional 274,533 shares in the last quarter. Tieton Capital Management LLC acquired a new position in Fluent during the second quarter valued at approximately $4,387,000. Finally, Corient Private Wealth LP acquired a new position in Fluent during the second quarter valued at approximately $4,933,000. 23.33% of the stock is currently owned by hedge funds and other institutional investors.

About Fluent

Fluent, Inc is a digital marketing and advertising technology company that helps brands and agencies acquire, engage and retain customers. Its services are designed to support performance marketing campaigns across digital channels, using audience data, targeting tools and campaign optimization capabilities.

The company provides solutions for programmatic advertising, customer acquisition, lead generation and audience engagement. Fluent’s offerings are intended to help advertisers reach relevant consumers, manage campaigns across multiple channels and measure marketing outcomes.