Global Value Investment Corp. Buys 17,207 Shares of Fluent (NASDAQ:FLNT) Stock

Fluent, Inc. (NASDAQ:FLNT) major shareholder Global Value Investment Corp. acquired 17,207 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were purchased at an average price of $3.49 per share, with a total value of $60,052.43. Following the completion of the transaction, the insider owned 3,024,528 shares of the company’s stock, valued at $10,555,602.72. This trade represents a 0.57% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Global Value Investment Corp. also recently made the following trade(s):

• On Friday, March 13th, Global Value Investment Corp. bought 65,148 shares of Fluent stock. The stock was purchased at an average price of $3.47 per share, for a total transaction of $226,063.56.

Fluent Stock Performance

Shares of FLNT opened at $3.51 on Thursday. 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 firm’s fifty day simple moving average is $3.35 and its two-hundred day simple moving average is $2.57. Fluent, Inc. has a 12 month low of $1.50 and a 12 month high of $4.15. The stock has a market capitalization of $104.04 million, a P/E ratio of -3.22 and a beta of 0.94.

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Millennium Management LLC acquired a new stake in Fluent in the fourth quarter worth $84,000. Susquehanna International Group LLP raised its holdings in shares of 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 period. Geode Capital Management LLC raised its holdings in shares of Fluent by 44.7% during the fourth quarter. Geode Capital Management LLC now owns 144,713 shares of the company’s stock valued at $347,000 after purchasing an additional 44,684 shares during the period. Finally, Mink Brook Asset Management LLC bought a new position in shares of Fluent during the 3rd quarter worth about $634,000. 23.33% of the stock is owned by institutional investors.

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.