Fluent (NASDAQ:FLNT) Director Sells $75,000.00 in Stock

Key Points

• Fluent director David Allen Graff sold 25,000 shares at an average price of $3.00, generating $75,000. Following the sale, he owned 95,438 shares, a 20.76% reduction in his direct holdings.
• Fluent reported quarterly revenue of $48.45 million, exceeding analyst estimates of $44.64 million, while adjusted EPS of $(0.13) beat expectations of $(0.15). The company remains unprofitable, with a negative net margin of 11.48%.
• Analyst sentiment is moderately positive, with a consensus rating of “Moderate Buy” and an average price target of $5.00, compared with the reported share price of $3.35.

Fluent, Inc. (NASDAQ:FLNT - Get Free Report) Director David Allen Graff sold 25,000 shares of the company's stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $3.00, for a total value of $75,000.00. Following the completion of the transaction, the director directly owned 95,438 shares of the company's stock, valued at approximately $286,314. This represents a 20.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Fluent Stock Performance

Shares of FLNT traded up $0.26 on Monday, reaching $3.35. 53,515 shares of the company's stock traded hands, compared to its average volume of 60,430. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.64. The stock has a market cap of $105.89 million, a PE ratio of -4.35 and a beta of 0.75. The stock's 50 day simple moving average is $3.65 and its two-hundred day simple moving average is $3.28. Fluent, Inc. has a 52-week low of $1.70 and a 52-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, topping analysts' consensus estimates of ($0.15) by $0.02. Fluent had a negative return on equity of 155.09% and a negative net margin of 11.48%.The business had revenue of $48.45 million for the quarter, compared to analyst estimates of $44.64 million. On average, analysts forecast that Fluent, Inc. will post -0.52 earnings per share for the current fiscal year.

Institutional Trading of Fluent

A number of large investors have recently bought and sold shares of FLNT. Corient Private Wealth LP purchased a new position in shares of Fluent in the second quarter worth about $4,933,000. Tieton Capital Management LLC purchased a new stake in shares of Fluent during the 2nd quarter valued at approximately $4,387,000. Salvus Wealth Management LLC boosted its holdings in 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 buying an additional 10,560 shares during the period. Sei Investments Co. boosted its holdings in 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 buying an additional 274,533 shares during the period. Finally, 4WEALTH Advisors Inc. grew its stake in 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.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on FLNT shares. Canaccord Genuity Group set a $4.50 price target on shares of Fluent and gave the stock a "hold" rating in a report on Tuesday, August 11th. Lake Street Capital restated a "buy" rating and set a $5.50 price objective (up from $5.00) on shares of Fluent in a 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $5.00.

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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