James Geygan Acquires 60,183 Shares of Fluent (NASDAQ:FLNT) Stock

Fluent, Inc. (NASDAQ:FLNT) Director James Geygan bought 60,183 shares of the stock in a transaction dated Friday, June 12th. The stock was bought at an average price of $2.75 per share, with a total value of $165,503.25. Following the acquisition, the director owned 3,100,838 shares in the company, valued at approximately $8,527,304.50. This represents a 1.98% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

James Geygan also recently made the following trade(s):

• On Friday, June 12th, James Geygan bought 1,185 shares of Fluent stock. The stock was bought at an average price of $2.78 per share, with a total value of $3,294.30.

Fluent Stock Up 3.1%

Shares of Fluent stock traded up $0.08 during trading hours on Tuesday, hitting $2.69. The company had a trading volume of 83,544 shares, compared to its average volume of 73,977. The company’s 50-day moving average is $2.82 and its two-hundred day moving average is $2.93. Fluent, Inc. has a twelve month low of $1.70 and a twelve month high of $4.15. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $80.22 million, a P/E ratio of -3.09 and a beta of 0.89.

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

Analyst Upgrades and Downgrades

FLNT has been the subject of several research reports. Lake Street Capital initiated coverage on shares of Fluent in a research report on Thursday, April 23rd. They issued a “buy” rating and a $5.00 price target for the company. Canaccord Genuity Group upped their price target on shares of Fluent from $2.50 to $3.50 and gave the company a “hold” rating in a research report on Tuesday, March 10th. One investment 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 company has a consensus rating of “Moderate Buy” and an average target price of $4.25.

Institutional Trading of Fluent

Institutional investors and hedge funds have recently bought and sold shares of the business. 4WEALTH Advisors Inc. raised its position in Fluent by 27.1% during the 1st quarter. 4WEALTH Advisors Inc. now owns 22,237 shares of the company’s stock worth $69,000 after buying an additional 4,735 shares during the last quarter. Susquehanna International Group LLP raised its position in Fluent by 65.3% during the 3rd quarter. Susquehanna International Group LLP now owns 39,947 shares of the company’s stock worth $89,000 after buying an additional 15,777 shares during the last quarter. Millennium Management LLC purchased a new position in Fluent during the 4th quarter worth $84,000. Geode Capital Management LLC raised its position in 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 last quarter. Finally, Sei Investments Co. raised its position in Fluent by 117.5% during the 1st quarter. Sei Investments Co. now owns 508,110 shares of the company’s stock worth $1,606,000 after buying an additional 274,533 shares during the last quarter. Hedge funds and other institutional investors 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.