Fluent (NASDAQ:FLNT) Major Shareholder Acquires $226,063.56 in Stock

Key Points

• Global Value Investment Corp bought 65,148 shares of Fluent at an average price of $3.47 on March 13, spending $226,063.56 and increasing its stake by 2.15% to 3,089,676 shares (worth about $10.72M).
• Fluent recently missed Q results (EPS -$0.09 vs. -$0.04 expected; revenue $61.82M vs. $62.85M expected), has negative profitability and a market cap near $99.6M, while Canaccord raised its target to $3.50 and the consensus price target is $3.50 with a Hold rating.

Fluent, Inc. (NASDAQ:FLNT - Get Free Report) major shareholder Global Value Investment Corp. acquired 65,148 shares of the business's stock in a transaction that occurred on Friday, March 13th. The stock was acquired at an average cost of $3.47 per share, with a total value of $226,063.56. Following the completion of the acquisition, the insider owned 3,089,676 shares in the company, valued at $10,721,175.72. This trade represents a 2.15% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Fluent Stock Performance

Fluent stock traded up $0.25 during mid-day trading on Monday, reaching $3.36. The company's stock had a trading volume of 43,147 shares, compared to its average volume of 31,429. The firm's fifty day moving average price is $3.34 and its two-hundred day moving average price is $2.55. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.02 and a current ratio of 1.02. Fluent, Inc. has a 12-month low of $1.50 and a 12-month high of $4.00. The company has a market capitalization of $99.59 million, a P/E ratio of -3.08 and a beta of 0.94.

Fluent (NASDAQ:FLNT - Get Free Report) last posted its earnings results on Monday, March 9th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.05). The company had revenue of $61.82 million for the quarter, compared to analysts' expectations of $62.85 million. Fluent had a negative return on equity of 115.19% and a negative net margin of 13.01%. Sell-side analysts predict that Fluent, Inc. will post -1.82 EPS for the current fiscal year.

Institutional Trading of Fluent

Institutional investors and hedge funds have recently bought and sold shares of the company. Millennium Management LLC bought a new position in Fluent in the 4th quarter valued at $84,000. Geode Capital Management LLC grew its position in shares of Fluent by 44.7% during the 4th quarter. Geode Capital Management LLC now owns 144,713 shares of the company's stock valued at $347,000 after purchasing an additional 44,684 shares in the last quarter. Susquehanna International Group LLP increased its holdings in shares of Fluent by 65.3% in the third quarter. Susquehanna International Group LLP now owns 39,947 shares of the company's stock worth $89,000 after purchasing an additional 15,777 shares during the period. Finally, Mink Brook Asset Management LLC purchased a new stake in shares of Fluent in the third quarter worth $634,000. 23.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised their target price on Fluent from $2.50 to $3.50 and gave the stock a "hold" rating in a research note on Tuesday, March 10th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $3.50.

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.

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