Insider Buying: Fluent (NASDAQ:FLNT) Major Shareholder Buys $41,830.88 in Stock

Key Points

• Global Value Investment Corp. bought 12,376 Fluent shares at an average price of $3.38, spending $41,830.88 and increasing its position by 0.38% to 3.23 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 remains moderately bullish, with an average target price of $5.00; one analyst rates Fluent “Buy” and another “Hold.”

Fluent, Inc. (NASDAQ:FLNT - Get Free Report) major shareholder Global Value Investment Corp. bought 12,376 shares of Fluent stock in a transaction dated Monday, September 14th. The stock was acquired at an average cost of $3.38 per share, for a total transaction of $41,830.88. Following the purchase, the insider directly owned 3,229,627 shares in the company, valued at approximately $10,916,139.26. The trade was a 0.38% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company's shares are required to disclose their transactions 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 stock was 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 shares were 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 shares were sold at an average price of $4.15, for a total value of $2,490.00.

Fluent Trading Up 0.9%

Shares of NASDAQ:FLNT traded up $0.03 during midday trading on Wednesday, hitting $3.35. The company had a trading volume of 11,345 shares, compared to its average volume of 39,393. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.64. Fluent, Inc. has a 12 month low of $1.70 and a 12 month high of $4.49. The firm has a fifty day simple moving average of $3.62 and a 200 day simple moving average of $3.28. The stock has a market cap of $105.89 million, a price-to-earnings ratio of -4.35 and a beta of 0.75.

Fluent (NASDAQ:FLNT - Get Free Report) last released its earnings results on Monday, August 10th. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $48.45 million for the quarter, compared to analyst estimates of $44.64 million. On average, analysts predict that Fluent, Inc. will post -0.52 EPS for the current year.

Hedge Funds Weigh In On Fluent

Institutional investors and hedge funds have recently modified their holdings of the business. 4WEALTH Advisors Inc. grew its position 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 purchasing an additional 4,735 shares during the period. Salvus Wealth Management LLC lifted its stake in Fluent by 54.3% in 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 in the last quarter. Sei Investments Co. lifted its stake in Fluent by 117.5% in 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 in the last quarter. Tieton Capital Management LLC acquired a new position in shares of Fluent in the second quarter valued at approximately $4,387,000. Finally, Corient Private Wealth LP acquired a new position in shares of Fluent in the second quarter valued at approximately $4,933,000. 23.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Lake Street Capital reaffirmed a "buy" rating and issued a $5.50 target price (up from $5.00) on shares of Fluent in a research note on Tuesday, August 11th. Canaccord Genuity Group set a $4.50 price target on shares of Fluent and gave the company a "hold" rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price 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.

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