Donald Huntley Patrick Sells 19,230 Shares of Fluent (NASDAQ:FLNT) Stock

Fluent, Inc. (NASDAQ:FLNT) CEO Donald Huntley Patrick sold 19,230 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $2.58, for a total transaction of $49,613.40. Following the completion of the transaction, the chief executive officer owned 312,455 shares in the company, valued at approximately $806,133.90. This represents a 5.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Donald Huntley Patrick also recently made the following trade(s):

• On Tuesday, May 26th, Donald Huntley Patrick sold 286 shares of Fluent stock. The stock was sold at an average price of $2.48, for a total transaction of $709.28.

Fluent Trading Up 0.5%

Shares of NASDAQ FLNT opened at $2.17 on Friday. The firm’s 50 day moving average price is $3.09 and its 200-day moving average price is $2.89. The company has a market cap of $64.71 million, a PE ratio of -2.49 and a beta of 1.03. Fluent, Inc. has a 52-week low of $1.69 and a 52-week high of $4.15. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.95 and a current ratio of 0.95.

Fluent (NASDAQ:FLNT) last announced its quarterly earnings results on Wednesday, May 13th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.02. The firm had revenue of $44.85 million for the quarter, compared to the consensus estimate of $48.80 million. Fluent had a negative return on equity of 132.41% and a negative net margin of 12.22%. On average, equities research analysts expect that Fluent, Inc. will post -0.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Sei Investments Co. raised its position in Fluent by 117.5% in the first quarter. Sei Investments Co. now owns 508,110 shares of the company’s stock worth $1,606,000 after acquiring an additional 274,533 shares during the period. 4WEALTH Advisors Inc. raised its position in Fluent by 27.1% in the first quarter. 4WEALTH Advisors Inc. now owns 22,237 shares of the company’s stock worth $69,000 after acquiring an additional 4,735 shares during the period. Millennium Management LLC bought a new position in Fluent in the fourth quarter worth approximately $84,000. Geode Capital Management LLC raised its position in Fluent by 44.7% in the fourth quarter. Geode Capital Management LLC now owns 144,713 shares of the company’s stock worth $347,000 after acquiring an additional 44,684 shares during the period. Finally, Susquehanna International Group LLP raised its position in Fluent by 65.3% in the third quarter. Susquehanna International Group LLP now owns 39,947 shares of the company’s stock worth $89,000 after acquiring an additional 15,777 shares during the period. 23.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on FLNT shares. Canaccord Genuity Group upped their price target on Fluent from $2.50 to $3.50 and gave the company a “hold” rating in a report on Tuesday, March 10th. Lake Street Capital assumed coverage on shares of Fluent in a research report on Thursday, April 23rd. They set a “buy” rating and a $5.00 price objective on the stock. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Fluent presently has an average rating of “Moderate Buy” and an average price target of $4.25.

About Fluent

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.