Corient Private Wealth LP Takes $4.93 Million Position in Fluent, Inc. $FLNT

Key Points

• Corient Private Wealth LP acquired 1.32 million Fluent shares worth approximately $4.93 million, giving it a 4.18% stake. Other institutional investors also increased their holdings, with institutions collectively owning 23.33% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $5.00; Lake Street raised its target to $5.50 while Canaccord issued a $4.50 “Hold” target.
• Fluent reported quarterly revenue of $48.45 million, exceeding estimates of $44.64 million, and an adjusted loss of $0.13 per share versus the expected $0.15 loss. Despite the revenue beat, the company remains unprofitable, with a negative net margin of 11.48%.

Corient Private Wealth LP acquired a new stake in shares of Fluent, Inc. (NASDAQ:FLNT - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,322,577 shares of the company's stock, valued at approximately $4,933,000. Corient Private Wealth LP owned 4.18% of Fluent at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FLNT. Tieton Capital Management LLC bought a new stake in shares of Fluent in the 2nd quarter worth $4,387,000. Salvus Wealth Management LLC grew its stake in shares of Fluent by 54.3% in the 2nd quarter. Salvus Wealth Management LLC now owns 30,008 shares of the company's stock worth $112,000 after purchasing an additional 10,560 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Fluent by 117.5% in the 1st 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 in the last quarter. Finally, 4WEALTH Advisors Inc. lifted its stake in Fluent by 27.1% during the first quarter. 4WEALTH Advisors Inc. now owns 22,237 shares of the company's stock valued at $69,000 after purchasing an additional 4,735 shares during the last quarter. Institutional investors own 23.33% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on FLNT shares. Lake Street Capital restated a "buy" rating and issued a $5.50 price target (up from $5.00) on shares of Fluent in a research report on Tuesday, August 11th. 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. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $5.00.

Fluent Stock Performance

Fluent stock opened at $3.55 on Friday. The firm's 50 day simple moving average is $3.61 and its 200-day simple moving average is $3.28. The company has a market cap of $112.22 million, a P/E ratio of -4.61 and a beta of 0.75. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.88 and a quick ratio of 0.88. Fluent, Inc. has a fifty-two week low of $1.70 and a fifty-two week high of $4.49.

Fluent (NASDAQ:FLNT - Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.02. The business had revenue of $48.45 million during the quarter, compared to the consensus estimate of $44.64 million. Fluent had a negative net margin of 11.48% and a negative return on equity of 155.09%. As a group, equities research analysts predict that Fluent, Inc. will post -0.52 EPS for the current year.

Insiders Place Their Bets

In other Fluent news, Director James Geygan bought 12,376 shares of the stock in a transaction on Monday, September 14th. The shares were bought at an average price of $3.38 per share, with a total value of $41,830.88. Following the purchase, the director directly owned 3,137,960 shares in the company, valued at $10,606,304.80. The trade was a 0.40% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Global Value Investment Corp. bought 12,376 shares of the stock in a transaction on Monday, September 14th. The shares were acquired at an average cost of $3.38 per share, for a total transaction of $41,830.88. Following the purchase, the insider owned 3,229,627 shares in the company, valued at approximately $10,916,139.26. This represents a 0.38% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders acquired 27,575 shares of company stock worth $92,357 and sold 28,830 shares worth $89,764. Corporate insiders own 38.40% of the company's stock.

About Fluent

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.

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