Global Value Investment Corp. Acquires 12,376 Shares of Fluent (NASDAQ:FLNT) Stock

Fluent, Inc. (NASDAQ:FLNT) major shareholder Global Value Investment Corp. purchased 12,376 shares of the stock in a transaction dated Monday, September 14th. The stock was bought at an average cost of $3.38 per share, with a total value of $41,830.88. Following the transaction, the insider owned 3,229,627 shares in the company, valued at $10,916,139.26. The trade was a 0.38% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Global Value Investment Corp. also recently made the following trade(s):

• On Tuesday, September 1st, Global Value Investment Corp. sold 148 shares of Fluent stock. The shares were sold at an average price of $3.23, for a total transaction of $478.04.
• On Friday, August 28th, Global Value Investment Corp. sold 665 shares of Fluent stock. The shares were sold at an average price of $3.58, for a total transaction of $2,380.70.
• On Tuesday, August 25th, Global Value Investment Corp. sold 2 shares of Fluent stock. The stock was sold at an average price of $4.15, for a total transaction of $8.30.
• On Monday, August 17th, Global Value Investment Corp. sold 500 shares of Fluent stock. The stock was sold at an average price of $4.05, for a total transaction of $2,025.00.
• On Friday, August 14th, Global Value Investment Corp. sold 600 shares of Fluent stock. The stock was sold at an average price of $4.15, for a total transaction of $2,490.00.

Fluent Trading Up 5.4%

NASDAQ:FLNT opened at $3.53 on Friday. The company’s 50 day moving average price is $3.61 and its 200-day moving average price is $3.28. Fluent, Inc. has a 52 week low of $1.70 and a 52 week high of $4.49. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.64. The stock has a market cap of $111.58 million, a price-to-earnings ratio of -4.58 and a beta of 0.75.

Fluent (NASDAQ:FLNT) last announced its quarterly earnings data on Monday, August 10th. The company reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $48.45 million during the quarter, compared to analyst estimates of $44.64 million. On average, equities research analysts forecast that Fluent, Inc. will post -0.52 earnings per share for the current fiscal year.

Fluent News Roundup

Here are the key news stories impacting Fluent this week:

• Positive Sentiment: Director James Geygan increased his position by 0.40%, while Global Value Investment Corp. increased its reported stake by 0.38%. Both purchases were disclosed for the same transaction price and may support investor sentiment toward FLNT. SEC director transaction filing
• Positive Sentiment: Fluent’s latest quarterly results exceeded expectations: revenue was $48.45 million versus the $44.64 million consensus estimate, and adjusted earnings per share of negative $0.13 beat estimates by $0.02. Analysts maintain a “Moderate Buy” consensus and an average price target of $5.00, above recent trading levels. Fluent analyst and earnings information
• Neutral Sentiment: Geygan and Global Value Investment Corp. also reported several small sales totaling 1,915 shares during August and early September. Each sale reduced ownership by no more than 0.02%, making the transactions unlikely to materially affect the outlook. SEC major shareholder transaction filing
• Negative Sentiment: David Allen Graff reportedly sold 25,000 FLNT shares. Because the sale is considerably larger than the other disclosed transactions, it could create short-term selling pressure, although the available report does not provide the sale price or Graff’s remaining ownership. David Allen Graff share sale

Institutional Investors Weigh In On Fluent

A number of hedge funds have recently added to or reduced their stakes in FLNT. Corient Private Wealth LP purchased a new position in shares of Fluent in the second quarter worth approximately $4,933,000. Tieton Capital Management LLC purchased a new stake in Fluent during the second quarter valued at approximately $4,387,000. Sei Investments Co. increased its holdings 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 during the last quarter. Salvus Wealth Management LLC increased its holdings in Fluent by 54.3% during 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 last quarter. Finally, 4WEALTH Advisors Inc. raised its position in Fluent by 27.1% in the first quarter. 4WEALTH Advisors Inc. now owns 22,237 shares of the company’s stock worth $69,000 after acquiring an additional 4,735 shares during the period. 23.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FLNT. Canaccord Genuity Group set a $4.50 price objective on Fluent and gave the company a “hold” rating in a research report on Tuesday, August 11th. Lake Street Capital reissued a “buy” rating and issued a $5.50 target price (up from $5.00) on shares of Fluent in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Fluent currently has an average rating of “Moderate Buy” and a consensus price target of $5.00.

Fluent Company Profile

Fluent, Inc is a digital marketing and advertising technology company that helps brands, agencies and publishers reach and engage consumers across digital channels. Its offerings are designed to support customer acquisition, audience targeting and campaign performance through data-driven marketing solutions.

The company provides programmatic advertising, media buying, audience development, data management and marketing technology services. Fluent’s platform supports campaigns across channels such as display, mobile, video, social media and connected television, with tools intended to help advertisers identify relevant audiences, deliver personalized messages and measure results.

Fluent serves marketers, agencies and media owners in the United States and international markets.