Short Interest in Fluent, Inc. (NASDAQ:FLNT) Declines By 32.0%

Fluent, Inc. (NASDAQ:FLNT) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 60,178 shares, a drop of 32.0% from the August 15th total of 88,483 shares. Based on an average daily volume of 35,220 shares, the short-interest ratio is presently 1.7 days. Currently, 0.3% of the company’s stock are short sold.

Fluent Stock Performance

Shares of FLNT opened at $3.55 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.88 and a quick ratio of 0.88. Fluent has a one year low of $1.70 and a one year high of $4.49. The firm has a market capitalization of $112.22 million, a P/E ratio of -4.61 and a beta of 0.75. The business has a fifty day moving average of $3.61 and a 200 day moving average of $3.28.

Fluent (NASDAQ:FLNT) last posted its earnings results on Monday, August 10th. The company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.02. The company had revenue of $48.45 million for the quarter, compared to the consensus estimate of $44.64 million. Fluent had a negative return on equity of 155.09% and a negative net margin of 11.48%. As a group, sell-side analysts anticipate that Fluent will post -0.52 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on FLNT. Lake Street Capital reiterated a “buy” rating and issued a $5.50 price target (up from $5.00) on shares of Fluent in a research note on Tuesday, August 11th. Canaccord Genuity Group set a $4.50 price objective on shares of Fluent and gave the company a “hold” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Fluent has a consensus rating of “Moderate Buy” and an average target price of $5.00.

Insiders Place Their Bets

In other Fluent news, Director David Graff sold 25,000 shares of Fluent stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $3.00, for a total value of $75,000.00. Following the completion of the sale, the director owned 95,438 shares of the company’s stock, valued at approximately $286,314. This trade represents a 20.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Geygan purchased 12,376 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was acquired at an average price of $3.38 per share, with a total value of $41,830.88. Following the purchase, the director directly owned 3,137,960 shares of the company’s stock, valued at approximately $10,606,304.80. The trade was a 0.40% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders acquired 27,575 shares of company stock valued at $92,357 and sold 28,830 shares valued at $89,764. Corporate insiders own 38.40% of the company’s stock.

Hedge Funds Weigh In On Fluent

A number of institutional investors and hedge funds have recently made changes to their positions in the business. 4WEALTH Advisors Inc. lifted its position in shares of Fluent by 27.1% during the 1st quarter. 4WEALTH Advisors Inc. now owns 22,237 shares of the company’s stock valued at $69,000 after buying an additional 4,735 shares in the last quarter. Salvus Wealth Management LLC increased its holdings in Fluent by 54.3% in the 2nd quarter. Salvus Wealth Management LLC now owns 30,008 shares of the company’s stock worth $112,000 after acquiring an additional 10,560 shares in the last quarter. Sei Investments Co. raised its stake 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 acquiring an additional 274,533 shares during the period. Tieton Capital Management LLC bought a new stake in Fluent during the 2nd quarter worth approximately $4,387,000. Finally, Corient Private Wealth LP purchased a new position in Fluent during the second quarter valued at approximately $4,933,000. Hedge funds and other institutional investors own 23.33% of the company’s stock.

Fluent Company Profile

Fluent, Inc is a digital marketing and advertising technology company that helps brands, agencies and publishers reach and engage consumers across digital channels. Its offerings are designed to support customer acquisition, audience targeting and campaign performance through data-driven marketing solutions.

The company provides programmatic advertising, media buying, audience development, data management and marketing technology services. Fluent’s platform supports campaigns across channels such as display, mobile, video, social media and connected television, with tools intended to help advertisers identify relevant audiences, deliver personalized messages and measure results.

Fluent serves marketers, agencies and media owners in the United States and international markets.