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

Fluent, Inc. (NASDAQ:FLNT) insider Matthew Conlin purchased 5,000 shares of the stock in a transaction dated Monday, June 1st. The shares were acquired at an average price of $2.07 per share, with a total value of $10,350.00. Following the transaction, the insider owned 2,468,677 shares in the company, valued at $5,110,161.39. This trade represents a 0.20% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Fluent Trading Up 7.4%

FLNT opened at $2.17 on Tuesday. The firm has a 50 day simple moving average of $3.03 and a 200 day simple moving average of $2.90. Fluent, Inc. has a fifty-two week low of $1.70 and a fifty-two week high of $4.15. The company has a market cap of $64.70 million, a price-to-earnings ratio of -2.49 and a beta of 1.03. 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 data on Wednesday, May 13th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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. On average, sell-side analysts anticipate that Fluent, Inc. will post -0.48 earnings per share for the current year.

Analysts Set New Price Targets

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

Institutional Trading of Fluent

Several hedge funds have recently bought and sold shares of FLNT. 4WEALTH Advisors Inc. boosted its holdings in shares of 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 buying an additional 4,735 shares during the period. Millennium Management LLC acquired a new stake in shares of Fluent during the fourth quarter worth $84,000. Susquehanna International Group LLP lifted its position in Fluent by 65.3% in the 3rd 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 lifted its position in Fluent by 44.7% in the 4th 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 acquired a new position in Fluent in the 3rd quarter worth $634,000. 23.33% of the stock is currently owned by institutional investors and hedge funds.

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.