Fluent Inc (NASDAQ:FLNT) CEO Ryan Schulke purchased 31,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was bought at an average cost of $3.16 per share, with a total value of $99,540.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of Fluent stock traded down $0.09 during trading hours on Wednesday, reaching $3.10. 28,035 shares of the company’s stock were exchanged, compared to its average volume of 435,800. Fluent Inc has a 1 year low of $1.95 and a 1 year high of $7.47. The stock has a market capitalization of $244.82 million, a P/E ratio of 31.90, a P/E/G ratio of 0.40 and a beta of 0.85. The firm has a fifty day moving average price of $5.14. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.29 and a quick ratio of 2.29.

Fluent (NASDAQ:FLNT) last released its earnings results on Thursday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.03). Fluent had a return on equity of 4.54% and a net margin of 2.87%. The business had revenue of $70.56 million for the quarter, compared to analysts’ expectations of $66.89 million. During the same period in the previous year, the company earned $0.07 EPS. Fluent’s quarterly revenue was up 23.9% compared to the same quarter last year. As a group, research analysts anticipate that Fluent Inc will post 0.19 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in FLNT. Squarepoint Ops LLC purchased a new stake in shares of Fluent during the fourth quarter worth $37,000. Two Sigma Investments LP purchased a new stake in shares of Fluent during the fourth quarter worth $48,000. Ausdal Financial Partners Inc. purchased a new stake in shares of Fluent during the second quarter worth $56,000. A.R.T. Advisors LLC purchased a new stake in shares of Fluent during the second quarter worth $59,000. Finally, Comprehensive Portfolio Management LLC purchased a new stake in shares of Fluent during the second quarter worth $63,000. 28.13% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently commented on FLNT. Barrington Research reissued a “buy” rating and issued a $9.00 price target on shares of Fluent in a report on Wednesday, May 29th. Zacks Investment Research lowered shares of Fluent from a “hold” rating to a “sell” rating in a report on Tuesday. Roth Capital raised shares of Fluent from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $5.50 to $8.50 in a report on Thursday, May 9th. Finally, ValuEngine lowered shares of Fluent from a “hold” rating to a “sell” rating in a report on Monday. Two investment analysts have rated the stock with a sell rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $7.92.

Fluent Company Profile

Fluent, Inc provides data-driven digital marketing services primarily in the United States. The company also offers customer acquisition services by operating digital marketing campaigns, through which the company connects its advertiser clients with consumers. It delivers data and performance-based marketing executions to approximately 500 consumer brands, direct marketers, and agencies across a range of industries, including financial services, retail and consumer, media and entertainment, staffing and recruitment, and marketing services.

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