Insider Buying: Fluent (NASDAQ:FLNT) Director Acquires $41,830.88 in Stock

Fluent, Inc. (NASDAQ:FLNT) Director James Geygan bought 12,376 shares of the business’s stock in a transaction dated Monday, September 14th. The shares were purchased at an average price of $3.38 per share, for a total transaction of $41,830.88. Following the transaction, the director directly owned 3,137,960 shares of the company’s stock, valued at approximately $10,606,304.80. This represents a 0.40% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, September 1st, James Geygan sold 148 shares of Fluent stock. The shares were sold at an average price of $3.23, for a total value of $478.04.
• On Friday, August 28th, James Geygan sold 665 shares of Fluent stock. The shares were sold at an average price of $3.58, for a total value of $2,380.70.
• On Tuesday, August 25th, James Geygan sold 2 shares of Fluent stock. The stock was sold at an average price of $4.15, for a total value of $8.30.
• On Monday, August 17th, James Geygan sold 500 shares of Fluent stock. The shares were sold at an average price of $4.05, for a total value of $2,025.00.
• On Friday, August 14th, James Geygan sold 600 shares of Fluent stock. The shares were sold at an average price of $4.15, for a total value of $2,490.00.

Fluent Stock Performance

Shares of FLNT traded up $0.03 during mid-day trading on Wednesday, reaching $3.35. 11,345 shares of the company’s stock were exchanged, compared to its average volume of 39,393. The business’s fifty day simple moving average is $3.62 and its 200-day simple moving average is $3.28. The stock has a market capitalization of $105.89 million, a PE ratio of -4.35 and a beta of 0.75. Fluent, Inc. has a 52-week low of $1.70 and a 52-week high of $4.49. 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 (NASDAQ:FLNT) last released its quarterly earnings results on Monday, August 10th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.02. The firm had revenue of $48.45 million during the quarter, compared to the consensus estimate of $44.64 million. Fluent had a negative net margin of 11.48% and a negative return on equity of 155.09%. On average, equities research analysts expect that Fluent, Inc. will post -0.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on FLNT shares. Lake Street Capital reaffirmed a “buy” rating and issued a $5.50 target price (up from $5.00) on shares of Fluent in a report on Tuesday, August 11th. Canaccord Genuity Group set a $4.50 price target on 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 given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $5.00.

Institutional Trading of Fluent

Several hedge funds have recently made changes to their positions in the company. Corient Private Wealth LP acquired a new position in shares of Fluent during the second quarter worth about $4,933,000. Tieton Capital Management LLC acquired a new stake in Fluent in the second quarter valued at about $4,387,000. Sei Investments Co. boosted its holdings in Fluent by 117.5% in the 1st quarter. Sei Investments Co. now owns 508,110 shares of the company’s stock valued at $1,606,000 after purchasing an additional 274,533 shares in the last quarter. Salvus Wealth Management LLC boosted 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 valued at $112,000 after purchasing an additional 10,560 shares in the last quarter. Finally, 4WEALTH Advisors Inc. lifted its holdings in shares of Fluent by 27.1% in 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 during the period. Institutional investors and hedge funds own 23.33% of the company’s stock.

About Fluent

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.