Fluent (NASDAQ:FLNT) Director Purchases 12,376 Shares of Stock

Key Points

• Director James Geygan bought 12,376 Fluent shares at an average price of $3.38, investing $41,830.88 and increasing his ownership by 0.40% to 3.14 million shares.
• Fluent shares rose 0.9% to $3.35, while the company reported quarterly revenue of $48.45 million and an adjusted loss of $0.13 per share, both better than analyst expectations.
• Analyst sentiment is moderately positive, with a consensus price target of $5.00; one firm rates the stock Buy with a $5.50 target, while another maintains a Hold rating at $4.50.

Fluent, Inc. (NASDAQ:FLNT - Get Free Report) Director James Geygan bought 12,376 shares of the company's stock in a transaction on Monday, September 14th. The stock was purchased at an average cost of $3.38 per share, with a total value of $41,830.88. Following the completion of the transaction, the director owned 3,137,960 shares in the company, valued at $10,606,304.80. This represents a 0.40% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

James Geygan also recently made the following trade(s):

• On Tuesday, September 1st, James Geygan sold 148 shares of Fluent stock. The stock was sold at an average price of $3.23, for a total transaction of $478.04.
• On Friday, August 28th, James Geygan sold 665 shares of Fluent stock. The stock was sold at an average price of $3.58, for a total transaction of $2,380.70.
• On Tuesday, August 25th, James Geygan sold 2 shares of Fluent stock. The shares were sold at an average price of $4.15, for a total transaction of $8.30.
• On Monday, August 17th, James Geygan sold 500 shares of Fluent stock. The shares were sold at an average price of $4.05, for a total transaction of $2,025.00.
• On Friday, August 14th, James Geygan 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 Stock Up 0.9%

Fluent stock traded up $0.03 during mid-day trading on Wednesday, reaching $3.35. 11,345 shares of the company's stock were exchanged, compared to its average volume of 39,393. The company has a market cap of $105.89 million, a P/E ratio of -4.35 and a beta of 0.75. Fluent, Inc. has a twelve month low of $1.70 and a twelve month 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 company has a fifty day moving average of $3.62 and a 200-day moving average of $3.28.

Fluent (NASDAQ:FLNT - Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.13) 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 during the quarter, compared to the consensus estimate of $44.64 million. Sell-side analysts expect that Fluent, Inc. will post -0.52 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FLNT. Lake Street Capital restated a "buy" rating and set a $5.50 price target (up from $5.00) on shares of Fluent in a 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 note 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's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $5.00.

Institutional Trading of Fluent

A number of institutional investors have recently bought and sold shares of FLNT. Sei Investments Co. lifted its stake in Fluent by 117.5% during the first 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 during the last quarter. Tieton Capital Management LLC acquired a new stake in Fluent during the second quarter worth approximately $4,387,000. Corient Private Wealth LP purchased a new stake in shares of Fluent during the 2nd quarter worth approximately $4,933,000. Salvus Wealth Management LLC lifted its position in shares of Fluent by 54.3% during the 2nd quarter. Salvus Wealth Management LLC now owns 30,008 shares of the company's stock worth $112,000 after buying an additional 10,560 shares during the last quarter. Finally, 4WEALTH Advisors Inc. boosted its holdings in shares of Fluent by 27.1% in the 1st 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 in the last quarter. 23.33% of the stock is owned by hedge funds and other institutional investors.

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.

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