Fluent, Inc. (NASDAQ:FLNT) Short Interest Update

Fluent, Inc. (NASDAQ:FLNT) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 85,638 shares, a decline of 14.5% from the February 12th total of 100,206 shares. Based on an average daily volume of 14,631 shares, the days-to-cover ratio is currently 5.9 days. Currently, 0.4% of the company’s stock are short sold. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 14,631 shares, the days-to-cover ratio is currently 5.9 days.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group raised their price objective on Fluent from $2.50 to $3.50 and gave the stock a “hold” rating in a research report on Tuesday, March 10th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $3.50.

Fluent Price Performance

Shares of NASDAQ:FLNT opened at $3.67 on Wednesday. The firm has a market cap of $108.62 million, a price-to-earnings ratio of -3.32 and a beta of 0.94. Fluent has a 1 year low of $1.50 and a 1 year high of $4.15. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.18. The business has a fifty day simple moving average of $3.35 and a 200 day simple moving average of $2.56.

Fluent (NASDAQ:FLNT) last issued its earnings results on Monday, March 9th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.05). Fluent had a negative net margin of 13.01% and a negative return on equity of 115.19%. The firm had revenue of $61.82 million during the quarter, compared to analysts’ expectations of $62.85 million. As a group, sell-side analysts predict that Fluent will post -1.82 earnings per share for the current fiscal year.

Insider Buying and Selling at Fluent

In other Fluent news, major shareholder Global Value Investment Corp. bought 65,148 shares of Fluent stock in a transaction dated Friday, March 13th. The stock was bought at an average price of $3.47 per share, for a total transaction of $226,063.56. Following the completion of the acquisition, the insider directly owned 3,089,676 shares of the company’s stock, valued at approximately $10,721,175.72. This trade represents a 2.15% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James Geygan bought 65,148 shares of the firm’s stock in a transaction dated 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 transaction, the director owned 3,040,655 shares of the company’s stock, valued at $10,551,072.85. This trade represents a 2.19% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have acquired 164,835 shares of company stock worth $572,666. Company insiders own 23.32% of the company’s stock.

Hedge Funds Weigh In On Fluent

A number of hedge funds have recently added to or reduced their stakes in FLNT. Susquehanna International Group LLP grew its holdings in Fluent by 65.3% during the third quarter. Susquehanna International Group LLP now owns 39,947 shares of the company’s stock valued at $89,000 after purchasing an additional 15,777 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Fluent during the 4th quarter worth $84,000. Geode Capital Management LLC boosted its holdings 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 worth $347,000 after buying an additional 44,684 shares during the period. Finally, Mink Brook Asset Management LLC acquired a new position in Fluent in the 3rd quarter valued at $634,000. Institutional investors and hedge funds own 23.33% of the company’s stock.

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.